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Consumer Cos Up as Tariff Delays Help Retailers -- Consumer Roundup

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08/13/2019 | 04:56pm EDT

Shares of retailers and other consumer-services companies rose after the Trump administration delayed tariffs on some big holiday items until after the Christmas selling period.

Shares of electronics chain Best Buy, department store Kohl's and deep discounter Dollar Tree each rallied more than 5% in the wake of the report, as reported earlier.

Shares of toymakers Hasbro and Mattel also surged after the U.S. Trade Representative said planned tariffs on certain categories of Chinese imports, including electronics and toys, would be delayed from Sept. 1 until Dec. 15.

Brinker International shares fell after the parent of Chili's Grill & Bar and Maggiano's Little Italy said it would push delivery services to offset a change in consumer habits that's weighing on casual-dining traffic.

German consumer goods giant Henkel cut its growth projections for the year.

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

Stocks mentioned in the article
ChangeLast1st jan.
BEST BUY COMPANY 1.39% 68.8 Delayed Quote.28.13%
DOLLAR TREE INC. 1.18% 97.21 Delayed Quote.6.38%
HASBRO, INC -1.00% 114.35 Delayed Quote.42.15%
HENKEL AG & CO KGAA 0.13% 79.1 Delayed Quote.-7.87%
HENKEL AG & CO. KGAA -0.39% 86.44 Delayed Quote.-9.04%
MATTEL -4.52% 10.14 Delayed Quote.5.01%
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