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.
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)
“From concept to creation, my goal was to create beautiful pieces, with a variety of sizes, all at affordable prices,” said @joansmalls of the swimwear and intimate apparel she designed for @smartandsexysocial. The collection includes neon laced bras, sheer bodysuits and swimwear separates. The intimates collection will launch in July, while the swimwear collection will be available for purchase on Tuesday at select @walmart stores, walmart.com and smartandsexy.com. #wwdfashion