After a tough slog of it in 2015 — when everything from unseasonable weather and megaprice promotions to the terrorist attacks in Paris disrupted business — it was largely the U.S. retailers that led fashion stocks higher during the first quarter.

The 100-issue WWD Global Stock Tracker rose 3.4 percent for the January to March period. The top 10 gainers were:

J.C. Penney Company Inc. — 66.1%
Tumi Holdings Inc. — 61.3%
Urban Outfitters Inc. — 45.5%
Kate Spade & Co. — 43.6%
Michael Kors Holdings Ltd. — 42.2%
Vince Holding Corp. — 38.2%
PVH Corp. — 34.5%
Revlon Inc. — 30.8%
Inter Parfums Inc. — 29.7%
Dillard’s Inc. — 29.2%

Penney’s stock rebound came after the company said its fourth-quarter adjusted earnings before interest, taxes and depreciation gained 40 percent to $381 million with inventories in good shape.

Tumi’s jump came as the company agreed to a $1.8 billion buyout by Samsonite.

But for nearly every advancer, there was a decliner in the Tracker, which includes fashion, retail, luxury and beauty stocks from around the world. Three months into the year and 53 of the stocks in the tracker were up, while 47 were down.

The 10 posting the steepest declines were:

Global Brands Group -36.1%
Trinity Ltd. -29.6%
Safilo Group SpA -27.6%
Shanghai Metersbonwe -25.9%
Next plc -25.8%
Sears Holdings Corp. -25.5%
Hugo Boss AG -24.8%
Dickson Concepts (International) -21.9%
Yoox Net-a-porter Group -21.7%
Anta Sports Products Ltd. -19.8%

Global Brands was spun off from Li & Fung in 2014 and, under the leadership of chief executive officer Bruce Rockowitz, is looking to reenergize its business.

“We’re a $3.5 billion brand company with only four stores,” Rockowitz told WWD recently. “That’s incredibly unusual. The future of our business is to replicate the whole licensed business in Europe and Asia. So you see a lot of growth because of the globalization of that. On the controlled side of the business, we want to grow as a vertical and we’re going to grow internationally when the time is right for that brand.”