The WWD Global Stock Tracker ended six days of consecutive gains at record highs with the very smallest of declines.
The group of 100 publicly traded fashion, retail and beauty around the globe slipped 0.04 points — 0.04 percent. It was a day of very little fluctuation in major indices, with the Dow Jones Industrial Average dipping even less than the tracker, pulling back 0.02 percent to 17,814.94 and London’s FTSE 100 gaining the same amount to end the day at 6,731.14.
As the U.S. counted down to the long holiday weekend, and prepared for what retailers hope will be a virtual invasion of stores and malls, The Conference Board disappointed investors with an unexpected decline in its Consumer Confidence Index, which fell to 88.7 for November after an unexpectedly strong rise to 94.1 in October.
Lululemon Athletica Inc. managed the largest gain among tracker stocks, adding 3.7 percent to close at $48.66, followed by Pandora A/S, up 3.1 percent to 515.50 Danish kroner, or $86.21 at current exchange. Ted Baker plc rose 2.5 percent to 21.36 pounds, or $33.55, and Tiffany & Co. matched that increase to end the day at $107.60 after hitting an all-time high of $110.60 in midday trading,
Tiffany reported third-quarter results today, with a 10 percent sales gain in the Americas, but weakness in Japan and the Asia-Pacific region.
Movado Group Inc. garnered the fifth largest increase, a 2.4 percent advance to $27.58, after it reported third-quarter results that matched the reduced guidance it had issued on Nov. 4.
The largest decline of the day came from Myer Holdings Ltd., off 4.1 percent to 1.64 Australian dollars, or $1,41, followed by The Bon-Ton Stores Inc.’s 3.8 percent slip to $8.29 and Ann Inc.’s 2.7 percent descent to $36.97. Dickson Concepts was off 2.4 percent to 4.02 Hong Kong dollars, or 52 cents, and Vince Holding Corp. dropped 1.7 percent to $34.99.