01:44 PM EDT, 03/18/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.5%.

Redbook US same-store sales rose by 5.2% from a year earlier in the week ended March 15, slower than the 5.7% year-over-year increase in the previous week.

In sector news, Costco (COST) and Walmart ( WMT ) are asking Chinese suppliers to lower their prices in response to US tariffs, the Financial Times reported Tuesday. Other retailers have made similar requests, the FT cited the exporters as saying.

In corporate news, XPeng ( XPEV ) on Tuesday reported Q4 results below Wall Street estimates, while the Chinese automaker expects its vehicle deliveries to grow by over 300% year over year in the ongoing three-month period. Its shares dropped past 7%.