The WWD Global Stock Tracker withstood declines from Sears Holdings Corp., J.C. Penney Co. Inc. and teen retailers to post its fourth gain in as many trading sessions.
The tracker ended the day at 103.71, 0.6 percent above its 103.10 close on Friday.
The gains for the group of 100 fashion, retail and beauty firms around the world came despite weakness among teen retailers and large declines from midtier retailers Sears and Penney.
Sears shares traded down 9.5 percent to $38.76 after jumping 31 percent on Friday following disclosure of its plans to spin off its store assets into a real estate investment trust. It said Monday that it had filed plans to convert its store in Aventura, Fla., to a mixed-use facility including a scaled-down, 20,000-square-foot Sears store. Penney’s, which is scheduled to disclose its third-quarter results after the markets closed on Wednesday, followed Sears’ lead, dropping 7.7 percent to $7.22.
With investors concerned about the continuing lack of traffic and fashion excitement at teen and youth retailers, a number saw their market capitalization decline. Express Inc. shares were down 4.3 percent to $14.46, American Eagle Outfitters Inc.’s slid 3.6 percent to $12.47 and Abercrombie & Fitch Co.’s were off 2.8 percent to $28.69. Urban Outfitters Inc. was down less, giving back 1.9 percent to close at $30.60.
While not a tracker stock, Aéropostale Inc. saw its shares shed 7.6 percent to $2.91.
The lone stock outside the U.S. among the bottom five was Safilo Group SpA, off 4.8 percent to 9.58 euros, or $11.93.
Equities with gains for the day were led by American Apparel, ahead 4.8 percent to 77 cents. After the markets closed, the company reported third-quarter sales below Wall Street expectations along with a loss that, on an adjusted basis, was smaller than analysts, on average, had expected.
Quiksilver Inc. shares rallied 4.6 percent to $2.06 while Yoox.com was up 4.5 percent to 15.88 euros, or $19.78. Pandora A/S was up 3 percent to 508.50 Dutch kroner, or $85.20 and Coty Inc. and Isetan Mitsukoshi Holdings Ltd. both rose 2.5 percent to respective marks of $18.82 and 1,483 yen, or $12.95.