Shares of retailers and other consumer companies fell amid fears about the implications of a global outbreak of the Omicron variant of Covid 19.
Shares of Lululemon Athletica fell Monday morning after the activewear maker said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts, due to challenges presented by Omicron.
Ports, manufacturers and services businesses are struggling to keep operations stable as millions of workers contract the virus, or are forced to quarantine.
The owner of online beauty products seller Il Makiage raised $130 million in a deal valuing the business at $1.5 billion.
Shares of Costco Wholesale continued their retreat in the wake of the discount retail club's quarterly earnings report last week, enduring its heaviest six-day selloff since March 2020, at the depths of the pandemic.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-10-22 1638ET
