Consumer Cos Decline as Traders Brace for Spending Slowdown - Consumer Roundup

Published: 2025-01-02 17:21:23 ET WMT

Consumer companies fell sharply as traders braced for a slowdown in consumer spending.

The three biggest retailers by revenue in the U.S. -- Costco, Walmart and Amazon -- made up about 17% of retail sales and roughly 57% of retail sales growth in the last three reported quarters, likely adding to recent struggles for grocery chains and deep-discount stores, The Wall Street Journal reported.

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(END) Dow Jones Newswires

01-02-25 1720ET