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Consumer Cos Down on Tariff Fallout Fears -- Consumer Roundup

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05/13/2019 | 05:13pm EDT

Shares of retailers and other consumer-services companies fell amid fears that a tariff fight would push up the prices of a range of goods in U.S. stores. Carrier WestJet Airlines agreed to a buyout from Canadian investment firm Onex valued at 3.53 billion Canadian dollars ($2.63 billion). Bed Bath & Beyond Inc. Chief Executive Steven Temares has stepped down from his role with the struggling retailer after facing pressure from a trio of activist investors over the company's performance in recent years. Glasses giant EssilorLuxottica and its main shareholder Delfin signed a settlement agreement and that all legal disputes between them will be dropped. EssilorLuxottica Chairman Leonardo Del Vecchio and Vice-Chairman Hubert Sagnieres agreed to give powers to the chief executives of the Essilor and Luxottica businesses in an effort to streamline the merged entity.

-Rob Curran, rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BED BATH & BEYOND INC. -6.39% 10.11 Delayed Quote.-4.59%
ESSILORLUXOTTICA -0.60% 115.85 Real-time Quote.5.52%
LEONARDO -0.94% 11.555 End-of-day quote.50.49%
LUXOTTICA GROUP 0.00%End-of-day quote.0.00%
WESTJET AIRLINES LTD. 0.00% 30.71 Delayed Quote.70.61%
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