Consumer companies, including Lululemon and Levi Strauss, are experiencing shifts in the fashion industry and concerns about interest rates. Lululemon shares have fallen as analysts warn of potential competition from brands like Alo Yoga and Vuori, as well as a fashion shift towards wide-leg pants that is slowing demand for Lululemon's signature leggings. The growth rate for Lululemon's total sales has dropped from over 30% to around 10%. On the other hand, Levi Strauss shares have risen due to strong growth in loose-fitting jeans, indicating a shift in fashion trends that is working in their favor. The National Retail Federation predicts modest growth in economic activity and consumer spending, with concerns about inflation and interest rates. Conagra Brands, a food processor, reported better-than-expected earnings and revenue for the fiscal third quarter. The market also shows a defensive bias towards consumer-staples concerns. [768c0db2]