The WWD Global Stock Tracker eked out a small increase for the day, mirroring the performance of the major U.S. Indices.
WWD’s group of 100 leading global fashion, retail and beauty companies rose just 0.04 points on the day to 113.78, less than 0.1 percent but enough to qualify as a new high for the tracker, which launched in July.
That performance was similar to the 0.1 percent increase in the Dow Jones Industrial Average, to 18,224.57, also qualifying for a new all-time high, and the 0.1 percent decline the S&P 500.
Leading the stocks with gains was The Bon-Ton Stores Inc., up 5.4 percent to $5.67, followed by Lotte Shopping Co., ahead 3.8 percent to 257,000 won, or $232.40 at current exchange. Shinsegae Co. Ltd. was up 3.6 percent to 173,500 won, or $156.90.
The TJX Cos. Inc. was next, up 3.3 percent to $69.38, after it reported better sales and earnings for the fourth quarter. While its guidance for 2015 fell below market expectations, much of its conservative nature could be attributed to raise the lowest wages of its full- and part-time workers to $9 an hour beginning in June. Quiksilver Inc. closed at the top five with an identical increase of 3.3 percent, lifting shares to $2.22, while Prada SpA was up 3.2 percent to 45.85 Hong Kong dollars, or $5.91.
Among equities in decline, the largest sell-off befell Giordano International Ltd., of 6.1 percent to 3.85 Hong Kong dollars, or 50 cents, followed by Onward Holdings Co.’s 4.7 percent decrease to 777 yen, or $6.53.
Chico’s FAS Inc., which reports quarterly results Thursday morning, saw its shares decline 4.1 percent to $17.36, while Abercrombie & Fitch Co. was down 3.1 percent to $24.86 and Avon Products Inc. pulled back 2.1 percent to $8.45.
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