Retail stocks bore the brunt of the burden Wednesday as both retail sales and oil supplies came in below expectations. The news sent all major indices down, but none more than the Standard & Poor’s Retail Index, which ended the day with a 2.4 percent decline to 385.06, more than twice the drop of the Dow Jones Industrial Average, which was off 0.9 percent to 11,532.96. By far the biggest percentage fall on the New York Stock Exchange came from Tween Brands Inc., which late Tuesday reported a far-larger-than-expected loss for its second quarter and a plan to convert its Limited Too stores to the younger, more moderately priced Justice nameplate. Shares were off
This story first appeared in the August 14, 2008 issue of WWD. Subscribe Today.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos