The WWD Global Stock Tracker inched higher Friday, but still ended its first month with a 2.5 percent decline.
Coming out of the gate on July 8 with a baseline reading of 100, the tracker rose 0.6 percent Friday to 97.52, giving it 11 up sessions and 12 declines in the first 23 trading days covered.
Despite concerns that the crises in Ukraine and Gaza could destabilize oil markets and these and other challenges could slow ongoing recoveries in North America and Europe, equity markets have generally held their own and moved on company-specific news this summer, with some pullbacks based on doubts about the ability of industries and geographies to live up to expectations of general economic improvement during the second half.
These uneven patterns are evidenced by the tracker’s performance as well as by those of the world’s major indices. The Dow Jones Industrial Average added 0.5 percent Friday to close at 16,442.22, 2.1 percent below its month-ago close, and the S&P 500 Retailing Industry Group rose 1 percent to 894.87, just 0.02 points below its level on July 8. London’s FTSE 100 closed at 6,567.36 which, like the WWD tracker, is 2.5 percent below its month-ago close, while Hong Kong’s Hang Seng Index stood at 24,331.41, up 3.4 percent from a month ago.
Perry Ellis International Inc. advanced the most of the 100 international fashion, luxury, retail and beauty firms monitored on the tracker. The company, recently reported to be considering a sale after activist investors Legion Partners took a 6 percent stake in the firm, rose 22.5 percent for the month to $20.94. The second largest advance came from Under Armour Inc., up 17.6 percent for the month to $68.49 as its performance-oriented brand has continued to gain traction with consumers. Tumi Holdings Inc. rose 13.2 percent to $22.78, while Anta Sports Products Ltd. was up 12.9 percent to 14.70 Hong Kong dollars, or $1.90 at current exchange, and Aeffe SpA added 9.4 percent to close Friday at 1.39 euros, or $1.85.
Urban Outfitters Inc., among the stronger performers with a presence in the teen sector, just missed the top five, rising 9.2 percent to $37.17.
The decliners in the tracker’s first month were led by Adidas, down 22.3 percent to 56.70 euros, or $75.88, and Safilo Group SpA, down 13.4 percent to 13.99 euros, or $18.72. Adidas is restructuring its golf business after a disappointing first half while Safilo late last month reported a 23 percent increase in first-half profits as European business firmed and conditions in North America improved after a tough first half.
Pandora A/S dropped 13.3 percent to 364.20 Danish krone, or $65.38, while Express Inc. and Quiksilver Inc. were down 12.7 and 12 percent, respectively, to $14.39 and $3.16. Despite reporting a 50.2 percent increase in first-quarter profits last Monday, Michael Kors Holdings Ltd. dropped 11.8 percent during the month to land at $79.26 as concerns swirled about possible margin erosion in the quarters ahead.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty