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Consumer Cos Down On Tariff Fears -- Consumer Roundup

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12/03/2019 | 05:21pm EST

Shares of retailers and other consumer-services companies fell amid fears that the holiday season could be affected by tariffs on Chinese goods.

In another threat to bricks-and-mortar retailers, online outlets seem to be receiving the lion's share of orders this holiday season.

American shoppers increased their spending by 16% over the five-day shopping period between Thanksgiving Day and Cyber Monday, according to trade group data. About 190 million shoppers made purchases during the period, a 14% increase over the previous year, and more of them shopped online than in stores, data from the National Retail Federation and Prosper Insights & Analytics showed, as reported earlier.

Shares of e.l.f. Beauty fell after Marathon Partners Equity Management urged the company's board to consider strategic alternatives, including selling itself.

Consumer products companies were stronger than the broader market, as fears about the outlook for the trade deal spurred buying of "evergreen" companies, whose products are in demand through thick and thin.

Shares of Boston Beer rose after brokerage UBS said the company's selzer offerings would offset pressure on its namesake beer brand, as reported earlier.

Land's End shares rose after cold weather boosted demand for the clothier's outerwear.

Major foreign automakers including Toyota Motor and Honda Motor reported higher vehicle sales in the U.S. for November, helped by steep discounts on a glut of older-model vehicles.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -0.19% 3135 End-of-day quote.11.96%
TOYOTA INDUSTRIES CORPORATION -0.62% 6380 End-of-day quote.29.67%
TOYOTA MOTOR CORPORATION -1.03% 7650 End-of-day quote.23.79%
UBS GROUP -0.08% 11.79 Delayed Quote.-3.56%
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