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Consumer Shares Move Higher -- Consumer Roundup

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01/08/2020 | 04:59pm EST

Shares of retailers and other consumer-services companies were higher.

Macy's shares rose after the department-store retailer said sales fell in the critical holiday quarter and it would close about 29 stores, but the sales decline wasn't as sharp as investors had feared amid mounting competition and a shift to online shopping.

Constellation Brands said the value of its bet on a Canadian cannabis company fell again in the latest quarter. However, the beverage company said its profit and sales rose on stronger demand for its beer.

Anheuser-Busch InBev SA plans four minutes of commercials during Super Bowl LIV on Fox next month, including a single 60-second ad that will promote both Bud Light and the new Bud Light Seltzer.

Grubhub is considering strategic options including a possible sale amid increased competition and a recent decline in its shares, according to people familiar with the matter.

Appearing for the first time publicly since his dramatic escape from bail restrictions in Japan, Carlos Ghosn said he was innocent of charges of financial crimes lodged against him in Tokyo and blamed Japanese prosecutors and executives at his former employer, Nissan, for his downfall.

Write to Amy Pessetto at amy.pessetto@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
AURORA CANNABIS INC. -7.18% 1.81 Delayed Quote.-30.11%
CANNTRUST HOLDINGS INC. -7.61% 0.85 Delayed Quote.-23.33%
CANOPY GROWTH CORPORATION -1.06% 25.17 Delayed Quote.-6.85%
CONSTELLATION BRANDS, INC. -1.87% 172.38 Delayed Quote.-7.43%
CRONOS GROUP INC. -4.30% 7.79 Delayed Quote.-18.36%
GRUBHUB INC. 4.18% 48.11 Delayed Quote.-5.06%
HEXO CORP. -6.41% 1.46 Delayed Quote.-24.64%
RENAULT -2.70% 26.495 Real-time Quote.-35.44%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. -11.22% 0.435 Delayed Quote.-34.67%
THE SUPREME CANNABIS COMPANY, INC. -1.61% 0.305 Delayed Quote.-50.79%
TILRAY, INC. -0.76% 14.43 Delayed Quote.-15.12%
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