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Consumer Cos Up After Strong Confidence Data -- Consumer Roundup

06/30/2020 | 05:22 pm

Shares of retailers and other consumer companies rose after a strong reading of consumer confidence.

The Conference Board, a private research group, said its index of consumer confidence edged up to 98.1 in June, from a revised 85.9 in May, hitting a three-month high, but still well short of pre pandemic levels.

Karen Parkin, the global head of human resources at sneaker maker Adidas, is retiring from the company following some employee complaints about the sportswear giant's culture and lack of diversity. The death of George Floyd has proved to be a powerful catalyst for social change, forcing many companies to rethink brands and personnel.

 Write to Rob Curran at 

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