Ted Baker led a grayish session for apparel marketFriday, 30 July 2010
General speaking, Thursday´s was not the best session for
the quoted international apparel companies, as most of the ones gathered in the FashionUnited Top 100 Index shown losses or, at their best, kept their previous days positions. With this background, yesterday´s Index was at 1048.52 by the end of the day, registering a drop of 13.67 points but still defending its position alongside the 1,000 barrier.
Exception made of a bunch of labels led by the Japanese United Arrows, with a gain of 22 points, Sanei International, which escalated 11 points and the also Japan based Asics Corporation, which climbed up to 16 points. Without leaving Nippon soil, Fast Retailing lost up to 20 points yesterday, after conquering a much stronger place in the table just two days before. German sportswear Puma AG also joined those firms showing weaker outcomes, with a drop of more than 9% of its value. Another athletic essential, the British JD Sports Fashion fell 16.58 points.
As it occurred during the start of the week, Asian markets were the ones moving the FashionUnited Top 100 Index, with an outstanding ascend by Indian Koutons and Provogue India, which closed the last session with 1.7 and 2.1 extra points respectively.
British beloved Ted Baker rise 30 points in the most remarkable performance of a session characterized by shy performances and mostly negative but constrained outcomes. It was grayish day also for the online retail giant ASOS that after swinging up and down for the past weeks, has finally dropped 1.5 points at the close of the last session.
If there was some aspect to be highlighted yesterday was the calm the selective resembled, fruit of a stormier week, plagued with corporate reports and the release of a non little number of consumer confidence and behavior indexes published.