A quintet of U.S.-based equities, including Coach Inc., generated the largest gains for the day as the WWD Global Stock Tracker rose 0.2 percent to land at 97.32.
Shrugging off factors that drove the major U.S. indices down — including a 0.8 percent drop for the Dow Jones Industrial Average — WWD’s monitor of 100 top fashion, retail and beauty stocks around the world rose for the first time after five consecutive trading days of declines.
The largest gain of the day came from Quiksilver Inc., which advanced 6.4 percent to $2.98, followed by Coach Inc., up 4.3 percent to $35.80 after reporting better-than-expected fourth-quarter results. American Eagle Outfitters Inc.’s shares rose 4.2 percent to $10.86 while Tumi Holdings Inc.’s picked up 3.9 percent to $21.55.
Target Corp. registered the largest single decline of equities covered by the tracker, with shares easing 4.4 percent to $58.03 after it reduced guidance for second-quarter results based on expenses and charges tied to its holiday 2013 data breach.
Also surrendering market capitalization were Express Inc., with shares down 2.7 percent to $15.45; and Matsuya Co., down 2.4 percent to 1,072 yen, or TKTKTKT at current exchange. Myer Holdings Ltd., Yoox.com and Onward Holdings Co. each shed 2.1 percent to drop, respectively, to 2.33 Australian dollars, or $2.17; 18.10 euros, or $24.31, and 717 yen, or $6.99.
J.C. Penney Co. Inc. and Sears Holdings Corp. were off 1.7 and 1.6 percent, respectively, to $9.08 and $37.07, with Macy’s Inc. down 1.6 percent to $57.64. Penney’s said it would open its first unit in Brooklyn, a 124,000-square-foot, single-level store in phase two of Gateway Center, on Aug. 29.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast