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Consumer Cos Down As Second Coronavirus Wave Sweeps U.S., Europe -- Consumer Roundup

11/20/2020 | 05:12pm EST

Shares of retailers and other consumer companies ticked down as a second wave of coronavirus outbreaks continued across the U.S. and Europe.

Chinese-owned pork producer Smithfield Foods settled a series of lawsuits with dozens of residents in rural North Carolina over the nuisance caused by living near hog farms run by company contractors.

Separately, meat processor Tyson Foods said it suspended managers at an Iowa pork plant following allegations that some wagered on the number of workers who would become infected with Covid-19, as the pandemic roiled the meat industry last spring.

Leisure-wear concern Lululemon Athletica named Meghan Frank, one of the interim chief financial officers named in April, as its full-time CFO.

Sporting-goods retailers Foot Locker and Hibbett Sports reported strong sales in the latest quarter lifted by back-to-school shopping, but renewed restrictions in some cities and states looks set to weigh on sales in the near term. Shares of Foot Locker fell.

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

(END) Dow Jones Newswires

11-20-20 1711ET

Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 1.32% 134.35 End-of-day quote.-4.57%
FOOT LOCKER, INC. 1.12% 47.85 Delayed Quote.17.01%
HIBBETT SPORTS, INC. -0.86% 54.31 Delayed Quote.17.61%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.51% 112.65 End-of-day quote.-0.77%
LULULEMON ATHLETICA INC. -0.93% 344.5 Delayed Quote.-1.01%
TYSON FOODS, INC. -0.02% 64.75 Delayed Quote.0.48%
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