01:31 PM EDT, 09/10/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

Redbook US same-store sales increased by 6.5% from a year earlier in the week ended Sept. 7 after a 6.3% year-over-year increase in the previous week. Redbook reported higher sales due to Labor Day promotions, especially on Sunday and Monday, as the back-to-school season peaked.

In corporate news, Southwest Airlines ( LUV ) announced a board shakeup on Tuesday that includes the retirement of Executive Chairman Gary Kelly and a plan to appoint four new independent directors, including nominations from activist shareholder Elliott Investment Management. Southwest ( LUV ) shares were falling 3%.