The WWD Global Stock Tracker eked out a small gain to close the week, allowing it to extend its winning streak to six days and post a gain of 2.4 percent over last Friday.
The tracker advanced a mere fraction on the week’s last trading day, moving to 99.15 from 99.11 on Thursday. It recorded far larger gains — 0.9 and 1.3 percent, respectively — on Monday and Tuesday.
And the increases came despite a poor day for U.S. retailers in general and specialty apparel retailers in particular. Although the S&P 500 moved up 0.7 percent to 1,964.58, its retail subset, the S&P 500 Retailing Industry Group, dropped 1.1 percent to 926.31.
Elizabeth Arden Inc. registered the largest decline among tracker stocks, falling 7.5 percent to $15.75, American Eagle Outfitters Inc. and Abercrombie & Fitch Co. recorded the second and third largest pull backs, falling 6.4 and 5.7 percent, respectively, to $12.92 and $31.69. The third member of the “Three A’s” in American teen retailing, Aéropostale Inc., isn’t a tracker stock but also came under selling pressure, dropping 4.6 percent to $2.90.
The pullback marked a reversal direction as specialty retailers, including American Eagle and Abercrombie, had solid gains on Thursday.
The declines came as evidence mounted of weak sales conditions in many parts of the country. Earlier in the week, the International Council of Shopping Centers and Goldman Sachs reported that the year-on-year sales increase for the week ended last Saturday was 2.1 percent, the smallest gain since the identical one post during the week ended May 24.
Kering shares dropped 5.1 percent to 145.70 euros, or $184.26 at current exchange. They’d gained 2.7 percent on Thursday after the company reported a 3.3 percent increase in third-quarter revenues paced by a 27.6 percent increase at Saint Laurent.
Debenhams plc and The Bon-Ton Stores sold off 4.3 percent each, ending the week, respectively, at 61 pence, or 97 cents, and $9.01.
Sears Holdings Corp. logged the largest increase among tracker stocks for the second consecutive day, with shares up 8.3 percent to $38.95 on top of their 4.5 percent increase on Thursday. A more modest gain of 2.6 percent lifted PVH Corp. shares to $117, while Salvatore Ferragamo Italia SpA’s stock rose 2.4 percent to 19.51 euros, or $24.67.
The Procter & Gamble Co. saw its shares move up 2.3 percent to $85.16 after it reported first-quarter earnings that match analysts’ consensus estimates and revenue results that exceeded them.