The WWD Global Stock Tracker logged a 0.5 percent decrease, to 107.53, to begin the new year as retail stocks weighed down overall performance.
With markets in China and Japan closed, European markets were mostly down and the Dow Jones Industrial Average gained a fraction, closing at 17,832.99, while the S&P 500 ticked down to 2,058.20.
However, the S&P 500 Retailing Industry Group shed 0.7 percent to close at 1,025.77, and U.S. retailers in most cases suffered declines.
Ascena Retail Group Inc. was off 3.1 percent to $12.17 on the day, while J.C. Penney Co Inc. slid 2.9 percent to $6.29. Dillard’s Inc. and Kohl’s Corp. lost 2.7 and 2.4 percent, respectively, to close at $121.79 and $59.59.
The largest decline among the 100 fashion, retail and beauty equities monitored by the tracker came from Li Ning Co., off 7.4 percent to 3.51 Hong Kong dollars, or 45 cents at current exchange, followed by Elizabeth Arden Inc., down 3.5 percent to $20.65. Dickson Concepts and Brunello Cucinelli SpA each contracted 2.9 percent to close at 3.73 Hong Kong dollars, or 48 cents, and 17.99 euros, or $21.78, respectively.
Among the 21 tracker stocks landing in positive territory for the day, the largest increase came from Giordano International Ltd., up 3.8 percent to 3.57 Hong Kong dollars, or 46 cents, followed by Samsonite International SA, up 2.8 percent to 23.65 Hong Kong dollars, or $3.05, and Chow Tai Fook Jewellery Group, up 2.3 percent to 10.64 Hong Kong dollars, or $1.37.
American Apparel Inc.’s 2 cent increase, to $1.05, translated into a 1.9 percent gain, while Myer Holdings Ltd.’s 1.8 percent advance raised its shares to 1.43 Australian dollars, or $1.17.