Consumer Companies Higher on November Sales Tally -- Consumer Roundup

FeaturesDow Jones Newswires

Shares of retailers and other consumer companies rose after strong readings of November retail sales. Purchasing at online retailers, brick-and-mortar stores and restaurants rose 0.8% in November from the prior month, significantly above the 0.3% increase economists surveyed by The Wall Street Journal had expected. While online spending growth contributed to the gains, there were also bricks-and-mortar chains such as Walmart and Nordstrom, which clocked the largest year-over-year November sales increase in seven years.

Rob Curran,

Continue Reading Below

(END) Dow Jones Newswires

December 14, 2017 17:33 ET (22:33 GMT)