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.
For its next men’s wear collection, @roberto_cavalli will show as a special guest at #PittiUomo, running from June 12-15. The brand, which has Florence in its roots, will relaunch its men’s wear collection, which will be presented separately from women’s wear for the first time since Paul Surridge was appointed creative director in May. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.