Morningstar

Consumer Stocks Reclaim Some Ground — Consumer Roundup

Provided by Dow Jones Oct 2, 2026, 9:07:00 PM

Shares of companies in the consumer sector rose following recent losses, despite slower-than-expected U.S. job creation last month.

After two straight quarters of falling revenue, Nike said it expects sales to keep declining this fiscal year and it will shrink its operations, cut jobs and merge regional businesses to adjust. "This work will result in fewer roles across Nike," Chief Executive Elliott Hill wrote in a memo to employees. He said decisions on which jobs will be eliminated would begin in 2027.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

October 02, 2026 17:07 ET (21:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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