The WWD Global Stock Tracker was virtually unchanged as the week ended.
The sample of 100 equities in the fashion, retail and beauty world fell back just 0.02 percent to 101.10, putting its decline for the full week at 0.8 percent.
Fashion issues’ fairly neutral results mirrored those of markets throughout the world. The Dow Jones Industrial Average and S&P 500 slid 0.4 and 0.6 percent, respectively, and the S&P 500 Retailing Industry Group was down a more modest 0.1 percent. Markets in Shanghai, Tokyo, London and Paris had increases to end the week, while those in Frankfurt, Milan and Hong Kong fell short of prior-day closing levels.
Lululemon Athletica Inc. had the largest increase among tracker stocks, gaining 3.3 percent to $45.18 one day after exceeding estimates for second-quarter results. Shanghai Metersbonwe followed with a 3.2 percent increase to 9.87 yuan, or $1.61 at current exchange, while VF Corp. accounted for the third largest gain as shares rose 1.9 percent to $65.86. Perry Ellis International Inc. and Michael Kors Holdings Ltd. rose 1.7 and 1.5 percent, respectively, to $20.68 and $76.82, followed closely by Prada SpA, up 1.4 percent to 54.50 Hong Kong dollars, or $7.03.
Myer Holdings Ltd. weathered the steepest decline of the day, falling 6.1 percent to 2.02 Australian dollars, or $1.84, with Samonite International SA a distant second in the losing column with a 4 percent dip to 25.50 Hong Kong dollars, or $3.29. The Men’s Wearhouse Inc. shed 2.8 percent to land at $50.80 in the aftermath of its report earlier in the week of strong second-quarter results tempered by weak comparable sales at the Jos. A. Bank unit. American Apparel Inc. and The Bon-Ton Stores Inc. both dropped 1.8 percent, to respective marks of 89 cents and $9.23.