The WWD Global Stock Tracker managed its second consecutive weekly gain Friday despite a loss for the day that reflected ongoing uncertainties ranging from international hot spots like Ukraine and Iraq to the tenor of consumer sentiment.
The tracker ended the week at 98.06, 0.4 percent below its finish on Thursday but 0.6 percent above its end point on Aug. 8. The monitor of 100 publicly held fashion, luxury, retail and beauty stocks around the world was inaugurated, and set at its baseline level of 100, on July 8.
WWD’s stock sample underperformed major international indices for the week, including the S&P 500 Retailing Industry Group, which rose 1.5 percent to 894.87 versus the Dow Jones Industrial Average’s 0.7 percent increase to 16,662.91. Overseas, London’s FTSE 100 was up 1.9 percent to 6,567.36 while Hong Kong’s Hang Seng Index turned in a 2.6 percent increase for the week to close at 24,331.41.
Much of the focus for the week was on the start of the second-quarter earnings reports of major U.S. retailers. Dillard’s Inc. registered the largest decline of all 100 issues on the tracker Friday, dropping 8.2 percent to $106.11 after reporting lower earnings and sales that fell below earnings expectations. The second largest drop was from Nordstrom Inc., off 5.2 percent to $65.11 on the company’s Thursday evening report that included slower-than-anticipated sales growth.
Even J.C. Penney Co. Inc., which reported a far smaller-than-anticipated loss late Thursday, felt the sting of investor doubt about consumer spending as shares were off 2.5 percent to $9.50.
This week, the process of retailers’ quarterly reports continues with Target Corp. and L Brands Inc. due to release results on Wednesday and a long list of retailers — highlighted by firms including Gap Inc., Sears Holdings Corp., The Bon-Ton Stores Inc. and the first of the major teen retailers to provide a performance update, Aéropostale Inc. — due to share their numbers on Thursday.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)