Consumer Companies Up As Target Reports Strong Holiday Sales -- Consumer Roundup
January 09 2018 - 4:25PM
Dow Jones News
Shares of retailers and other consumer companies rose after
another strong holiday-sales report from a major store. Shares of
Target Corp. (TGT) rallied after the discounter said same-store
sales for the months of November and December rose 3.4%, reversing
a decline from a year earlier, in another sign that chain stores
are figuring out strategies to counter the competitive threat from
Amazon.com Inc. (AMZN). Target's report echoed those from Macy's
Inc. (M), J.C. Penney Co. (JCP) and Kohl's Corp. (KSS), all of
which reported sales growth in the critical holiday months. Shares
of Urban Outfitters Inc. (URBN) slid after the youth fashion chain
posted same-store sales growth short of investor expectations.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
January 09, 2018 16:10 ET (21:10 GMT)
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