03:21 PM EDT, 09/10/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.
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, Nike ( NKE ) shareholders on Tuesday voted against proposals requiring the company to reassess working conditions at sourcing locations and its supply chain, according to media reports. Nike ( NKE ) shares were falling 1.7%.