ABOUT FACE: The equity market Wednesday reversed some of the declines it endured earlier in the week. After losing 3.1 percent over two preceding days of trading, the Standard & Poor’s 500 was up 20.37 points, or 2.5 percent, to end the day at...
ABOUT FACE: The equity market Wednesday reversed some of the declines it endured earlier in the week. After losing 3.1 percent over two preceding days of trading, the Standard & Poor’s 500 was up 20.37 points, or 2.5 percent, to end the day at 839.66. The Dow Jones Industrial Average bounced back 158.69 points, or 2.1 percent, to 7,841.82, and the S&P Retail Index advanced 3.48 points, or 1.3 percent, to 281.08. Riding highest among retail issues was Urban Outfitters, which saw its shares shoot up 16 percent, to $25.49, on an upgrade from Lehman Bros.’ analyst Kimberly Greenberger, who revised her rating on the hip specialty store to "overweight" from "equalweight." Other retail gainers included: Hot Topic, up 5.5 percent to $19.75; Pacific Sunwear, 4.8 percent to $23.17; Ann Taylor, 4.5 percent to $25.20; The May Department Stores Co., 4.4 percent to $25.33; Saks, 4.2 percent to $11.41; Chico’s FAS, 3.9 percent to $17.79, and Federated Department Stores, 3.5 percent to $33.42.
THINKING SMALL: Federated Department Stores has signed an agreement to build a new, smaller Macy’s West door in Antioch, Calif., east of San Francisco. At 110,000-square-feet, the two-level store is the third in a series of Macy’s West stores developed specifically to meet the needs of smaller markets. Two such stores have already opened in Redding and Capitola, Calif. The store will break ground in the summer of 2003 and will open by fall of 2004. Macy’s West chairman and ceo Robert L. Mettler said Wednesday that although the store is smaller by nearly half the square footage, "it will live up to the Macy’s reputation," offering fashion and home merchandise. There are currently 139 Macy’s West stores. In 2001, the chain notched $4.2 billion in sales.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)