01:24 PM EST, 11/26/2024 (MT Newswires) -- Consumer stocks were edging higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each rising 0.3%.

Redbook US same-store sales rose by 4.9% from a year earlier in the week ended Nov. 23, slower than a 5.1% year-over-year increase in the previous week.

In corporate news, Kohl's (KSS) shares sank more than 15% in recent trading. The company reported a bigger-than-expected decline in fiscal Q3 revenue and lowered its full-year financial outlook, a day after it announced a chief executive transition plan.