Consumer Cos Down On Tariff Fears - Consumer Roundup
Shares of retailers and other consumer-services companies fell amid fears that tariffs on global trade would lead to higher prices for U.S. consumers. Shares of Luckin Coffee rose after the Chinese coffee chain that's given Starbucks a run for its money in the world's most populous nation priced its initial-public offering. Swiss luxury retailer Richemont said its net profit for the year rose to 2.79 billion euros, boosted by a one-off gain related to its newly acquired online luxury arm Net-a-Porter.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 17, 2019 17:19 ET (21:19 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.