Fashion stocks fell modestly today pushing the 100-issue WWD Global Stock Tracker down 0.2 percent to 107.86 as Wall Street inched up to a new record.
The Dow Jones Industrial Average rose 0.2 percent and closed at an all-time high of 17,912.62.
Despite some concerns about the holiday season, which started earlier than ever this year and has been shaky on the sales front, investors are standing by fashion names.
The WWD tracker is up 5.9 percent over the past month and 6.2 percent over the past three months.
Today’s strongest fashion stock was G-III Apparel Group Ltd., which jumped 14.8 percent to $96.86 after the company reported third-quarter results that exceeded analysts’ expectations and raised its full-year guidance.
Circumstances played into G-III’s sweet spot, as early cold weather across most of the country helped the company’s outwear business.
Also gaining ground were, American Apparel Inc., up 7.5 percent to 57 cents; Tumi Holdings Inc., 4.8 percent to $22.26, and Abercrombie & Fitch Co., 3.5 percent to $28.81 even though the company cut its full-year guidance.