Shares of Sears Holdings Corp. slid 4.9 percent to $36.06, the worst showing among the 100 stocks monitored by the WWD Global Stock Tracker, following disclosure of fourth-quarter results that included lower-than-anticipated sales.
Overall, the tracker managed a positive outcome, rising 0.2 percent to 114.03 for another record close.
On the other side of the ledger, Anta Sports Products Ltd. narrowly outpaced Hanesbrands Inc. for the largest gain. Anta shares rose 3.1 percent to 16.50 Hong Kong dollars, or $2.13 at current exchange, while Hanesbrands was up 3.06 percent to $128.91.
Many of the biggest moves for the day, like Sears’ decline, were tied to earnings reports. Chico’s FAS Inc. shares ascended 2.6 percent to $17.81 after it reported better-than-anticipated results and spelled out plans for cost reduction, including a recent reduction in headquarter and field management positions and plans to close 120 stores in the next three years.
Fast Retailing Co. shares were up 2.4 percent to 45,990 yen, or $386.93, and Youngor Group Co. improved 2.3 percent to 12.66 yuan, or $2.02.
J.C. Penney Co. Inc. enjoyed a 1.5 percent increase to $9.12 during the regular trading session but saw shares backtrack more than 10 percent, to $8.19 after it fell short of analysts’ earnings expectations in an after-market report.
Other after-hours motion was far more positive. Gap Inc. reported an earnings beat that sent shares up 2.2 percent to $41.25 in late trading, and Ross Stores Inc., which easily surpassed estimates, advanced 4.5 percent to $103.51 after the markets closed.
Joining Sears among those in decline were Esprit Holdings Ltd., down 4.6 percent to 8.30 Hong Kong dollars, or $1.07; Abercrombie & Fitch Co., off 3.3 percent to $24.03; Quiksilver Inc., down 3.2 percent to $2.15, and Iconix Brand Group Inc., off 3 percent to $34.18.