03:27 PM EDT, 04/02/2024 (MT Newswires) -- Consumer stocks were retreating late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%.

Redbook US same-store sales rose by 5.2% from a year earlier in the week ended March 30 after a 3.9% year-over-year increase in the previous week.

In corporate news, Hanesbrands ( HBI ) agreed to sell athletic apparel brand Champion to Authentic Brands for slightly over $1 billion, Women's Wear Daily reported Tuesday. Hanesbrands ( HBI ) shares were falling almost 12%.