The WWD Global Stock Tracker rose 0.4 percent today, but the gain wasn’t enough to push fashion stocks into positive territory for the week.
While WWD’s group of 100 global fashion, retail and beauty stocks rose to 108.07, it finished the first week of December 0.8 percent below its 108.89 landing point on Nov. 28.
The biggest swing in either direction among tracker stocks came from American Eagle Outfitters Inc., which dropped 13.8 percent to $11.91 after it provided fourth-quarter guidance below Wall Street consensus estimates based on anticipated lower net and comparable sales.
Separately, American Eagle disclosed in a regulatory filing with the Securities and Exchange Commission that it reached a separation agreement with Kitty Yung, executive vice president for Asia/Pacific, effective Dec. 31.
Other firms shedding value on Friday included Anta Sports Products Ltd., down 8.5 percent to 13.74 Hong Kong dollars, or $1.77 at current exchange, and Vince Holding Corp., off 5.5 percent to $28.09.
Shanghai Metersbonwe was down 5 percent to 11.77 yuan, or $1.91, while Perry Ellis International Inc. gave back 4 percent to end the week at $24.55.
Ascending stocks were led by American Apparel Inc., up 7.3 percent to 59 cents, and Youngor Group Co., up 4.6 percent to 11.59 yuan, or $1.88. Quiksilver Inc. shares rose 4 percent to $1.84 and Movado Group Inc. added 3.6 percent to $28.49. Carrefour SA rose 3 percent to 25.07 euros, or $31.03.
Shares of Francesca’s Holdings Corp., not a tracker stock, rose 30.5 percent to $15.09 after the company said it had named Michael Barnes, former chief executive officer of Signet Jewelers Ltd., as its chairman and ceo.
The Dow Jones Industrial Average rose 0.3 percent to 17,958.79 and the S&P 500 was up 0.2 percent to 2,075.37 after the U.S. Department of Labor reported that the U.S. economy added 321,000 jobs last month, with the unemployment rate holding at 5.8 percent. Apparel and accessories stores added 11,300 seasonally adjusted jobs and general merchandise stores another 1,200, despite a 4,400 jobs shed in the department store category.