Shares of retailers and other consumer-services companies declined after weak economic data. Retail sales fell 0.3% in May, the biggest decline since January 2016, the government reported Wednesday. Mattel cut its quarterly dividend by more than half, as new Chief Executive Margo Georgiadis seeks capital to invest in digital and emerging-markets expansion. Avon Products Chief Executive Sheri McCoy is expected to step down after her turnaround efforts foundered, The Wall Street Journal reported.
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(END) Dow Jones Newswires
June 14, 2017 16:20 ET (20:20 GMT)