03:32 PM EDT, 06/04/2024 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

In economic news, Redbook US same-store sales growth slowed to 5.8% from a year earlier during the week ended June 1 from a 6.3% gain in the previous week.

In corporate news, VF (VFC) shares slumped more than 4% in recent trading, a day after the company announced a leadership change for its The North Face brand.