Consumer Companies Higher on Cyclical Rebound -- Consumer Roundup

Features Dow Jones Newswires

Shares of retailers and other consumer-services companies rose as traders rotated back into cyclical sectors.

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New weekly jobless claims rose for the first time in a month, but remained consistent with an expanding jobs market.

In a letter to shareholders, activist fund Marcato Capital Management called for the resignation of Buffalo Wild Wings Chief Executive Sally Smith and reiterated a demand for board seats as it pushes the company to franchise more stores, boost profit margins and increase sales. The call comes after a successful campaign by one of the most prominent activist funds, Elliott Management, to oust Arconic Chief Executive Klaus Kleinfeld.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

April 20, 2017 17:22 ET (21:22 GMT)