U.S. retail stocks enjoyed a strong day in the aftermath of Super Saturday, helping to propel the WWD Global Stock Tracker up 0.6 percent to 108.09.
The Dow Jones Industrial Average and S&P 500 logged gains to close at new highs. The Dow was up 154.64 points, or 0.9 percent, to 17.959.44 while the S&P 500 rose 7.89 points, or 0.4 percent, to 2,078.54. The S&P’s retailing subset, the S&P 500 Retailing Industry Group, soared 1.4 percent, or 13.99 points to 1,020.94.
The gains came after a Super Saturday that many predicted would be the busiest, highest volume day of the year, eclipsing even Black Friday, which, according to ShopperTrak, had held that distinction for the past decade.
With a new chairperson, Colleen Brown, and poison-pill plan in place and an offer to acquire the chain confirmed, American Apparel Inc. again led the winners for the day, with its shares ascending 6.5 percent to $1.14. Elizabeth Arden Inc. shares rose at half that pace to $20.17 while Perry Ellis International Inc. was up 2.9 percent to $25.54. Puma was the only non-U.S. firm in the top five, rising 2.8 percent to 173.05 euros, or $211.61 at current exchange. Sears Holdings Corp. was also up 2.8 percent, to $33.96, while Oxford Industries Inc. rose 2.6 percent to $54.75.
Companies finishing furthest behind their starts for the day were Shanghai Metersbonwe, down 8.5 percent to 10.89 yuan, or $1.75, and Anta Sports Products Ltd., down 8.4 percent to 12.70 Hong Kong dollars, or $1.64.
Quiksilver Inc. gave back 4 percent to close at $2.61 after a string of gains last week, while Hermès International was off 3 percent to 295.80 euros, or $361.72.
The Bon-Ton Stores Inc. surrendered 2.6 percent to close at $7.09.
Since its inception at a value of 100 on July 8, the WWD Global Stock Tracker has closed as high as 108.91, on Nov. 28, and as low as 96.11, on Oct. 16.