The WWD Global Stock Tracker ended an up-and-down week for stocks on a down note while managing a 1 percent gain for the week.
The group of 100 international fashion, retail and beauty stocks sustained a 1.18 point, or 1.1 percent, drop to close out the first full week of trading in 2015 at 108.60 after hitting an all-time high of 109.78 on Thursday. As was the case with major indices on both sides of the Atlantic this week, component stocks began the week with two days of losses followed by two days of robust gains.
But trends moved to negative from positive on Friday. The Department of Labor said that the unemployment rate fell to 5.6 percent last month from 5.8 percent in December, but the good news about the job market was tempered by news that average hourly earnings fell 0.2 percent.
That contributed to a 170.50-point, or 1 percent, decline in the Dow Jones Industrial Average, which ended the week at 17,737.37, and a 17.33-point, or 0.8 percent, drop in the S&P 500, which fell to 2,044.81.
Retail stocks were hit particularly hard, as the S&P 500 Retailing Industry Group lost 1.7 percent to 1,012.05.
Hardest hit among tracker stocks was Chow Tai Fook Jewellery Group, shares of which fell 7.8 percent to 10.14 Hong Kong dollars, or $1.31 at current exchange, followed closely by Avon Products Inc., down 7.5 percent to $8.17. The Bon-Ton Stores Inc. was down 6 percent to $6.91 and Quiksilver Inc. off 5 percent to $2.08. Inter Parfums Inc. shares shed 4.5 percent to close at $25.21.
Among U.S. retailers with losses of more than 2.5 percent on the day were Ascena Retail Group Inc. (3.5 percent to $11.64), Abercrombie & Fitch Co. (3.2 percent to $14.12), Express Inc. (3.2 percent to $14.12), Ann Inc., (3 percent to $35.18), Sears Holdings Corp. (2.8 percent to $34.33), Macy’s Inc. (2.8 percent to $65.92) and Gap Inc. (2.5 percent to $42.02).
Global Brands Group logged the day’s largest gain, a 6.7 percent bound to 1.60 Hong Kong dollars, or 21 cents, followed by Matsuya Co., up 6.4 percent to 1,640 yen, or $13.71, and American Apparel Inc., up 6 percent to 88 cents.
Myer Holdings Ltd. was up 3.6 percent to 1.43 Australian dollars, or $1.16, while Samsonite International SA grew 3.5 percent to 25.05 Hong Kong dollars, or $3.23.
Vince Holding Corp. shares moved ahead 3 percent to $24.30.