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Consumer Cos Down After Mixed Holiday Sales Data -- Consumer Roundup

11/30/2021 | 05:10pm EST

Shares of retailers and other consumer companies fell after mixed holiday-weekend shopping data.

Roughly 180 million Americans went shopping in stores or online between Thursday and Monday, the National Retail Federation reported, compared with 186.4 million in 2020 and 189.6 million in 2019.

Shoppers spent $7.1 billion online as of 9 p.m. eastern time in the U.S., suggesting that Cyber Monday sales will be more or less in line with a year earlier, according to transaction data compiled by the Adobe Digital Economy Index.

The Standard & Poor's CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.5% in the year that ended in September, down from a 19.8% annual rate the prior month.

The Conference Board's consumer-confidence index fell sharply in November, marking a decline in sentiment amid concerns about inflation and the continuing Covid-19 pandemic.

Zara's parent company appointed the daughter of the retailer's founder as its new chairwoman, placing a little-known 37-year-old atop one of the world's largest fashion chains.

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

(END) Dow Jones Newswires

11-30-21 1710ET

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