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Stock impact report

Consumer Cos Down After Services Data -- Consumer Roundup [MarketWatch]

ThredUp Inc. - Class A (TDUP) 
Company Research Source: MarketWatch
The Institute for Supply Management said its service-sector purchasing-managers index fell to 52.6% in February from 53.4% in the prior month, as fewer company representatives surveyed perceived activity increasing. Discount giant Target posted the first drop in annual sales since 2016, even as fiscal fourth-quarter sales inched up to $31.92 billion. Shares of the chain surged, however, as it was able to eke out profit growth despite lackluster sales. Advertisement Shares of online secondhand clothing store ThredUp dropped a day after it set modest growth targets. ThredUp's growth struggles echoed those of rival Stitch Fix. Write to Rob Curran at rob.curran@dowjones.com Show less Read more
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