Consumer Cos Up as Traders Shrug Off Home Sales, LG Warning -- Consumer Roundup

FeaturesDow Jones Newswires

Shares of retailers and other consumer companies rose as traders bet trade frictions and a slowdown in home sales would be contained.

Washing-machine maker LG Electronics warned that it would have to raise prices on appliances in response to new tariffs on imported washers imposed by the Trump administration.

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Used-home sales slowed in December, but 2017 still saw the highest tally of sales since before the housing crisis in 2006.

Toys 'R' Us is closing about 20% of its U.S. stores, which could lead to as many as 4,500 layoffs, as the retailer's bankruptcy and operational missteps online and in stores weighed on holiday sales.

-Rob Curran,

(END) Dow Jones Newswires

January 24, 2018 16:49 ET (21:49 GMT)