Paced by a nearly 18 percent gain at Kate Spade & Co., the WWD Global Stock Tracker advanced 0.7 percent to 102.70, its third consecutive day of gains.

Retail shares performed well despite unspectacular results from stores reporting same-store sales for October and Ann Inc.’s news that it would record its first quarterly decline in comparable sales in 10 quarters. Ann shares were up 2.5 percent to $37.50 despite the report of a weak third quarter and expectations for a difficult holiday.

Kate Spade & Co. led all tracker stocks with its 17.9 percent advance to $30.96 after reporting a narrower third-quarter loss and lifted its projections for full-year comparable-store sales growth to between 19 and 21 percent.

Quiksilver Inc. shares were up 9.1 percent to $2.03 for the tracker’s second best finish, followed by a gain of 6.4 percent at Perry Ellis International Inc, to $21.83, and Marks and Spencer Group plc’s 6.2 percent advance to 4.71 pounds, or $7.52 at current exchange.

Two rival teen retailers, Abercrombie & Fitch Co. and American Eagle Outfitters Inc., gained 4.7 and 4.5 percent, respectively, to $35.38 and $13.82, while Coty Inc., after reporting third-quarter earnings that matched Wall Street’s expectations, rose 4.1 percent to $17.93.

Matsuya Co. registered the biggest decline of the day, falling 4.2 percent to 1,522 yen, or $13.28, followed by, down 4 percent to 14.80 euros, or $18.48.

Giordano International Ltd. was off 2.5 percent to 3.86 Hong Kong dollars, or 50 cents, while Isetan Mitsukoshi Holdings Ltd. slumped at the same pace to 1,478 yen, or $12.89.

Inter Parfums Inc. shed 2.4 percent to close at $28.70.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus