08:53 AM EST, 01/10/2025 (MT Newswires) -- Consumer stocks declined pre-bell Friday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.7% lower recently.

Capri Holdings' ( CPRI ) Versace brand is being considered as a possible acquisition by Italian luxury retailer Prada, the Italian newspaper Il Sole 24 reported, citing unnamed sources. Capri Holdings ( CPRI ) shares were over 6% higher premarket.