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Consumer Cos Down as Coronavirus Fears Resurface -- Consumer Roundup

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02/13/2020 | 05:17pm EDT

Shares of retailers and other consumer companies fell as coronavirus fears resurfaced.

Wayfair said it was cutting about 3% of its work force, roughly 500 jobs, as the online furniture retailer looks to reduce costs in its operations.

Discounter Walmart is shutting down its Jetblack personal-shopping service and laying off most of its roughly 350 staffers after the retailer abandoned plans to find investors for the unprofitable operation. Yeti Holdings, the maker of pricey coolers and insulated drinkware, reported a 23% jump in fourth-quarter sales but predicted slower growth this year.

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

 

Stocks mentioned in the article
ChangeLast1st jan.
WALMART INC. 0.46% 114.14 Delayed Quote.-3.95%
WAYFAIR INC. -9.81% 48.2 Delayed Quote.-46.66%
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