03:35 PM EDT, 07/01/2025 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%.
Redbook US same-store sales rose by 4.9% from a year earlier in the week ended June 28 after a 4.5% year-over-year increase in the previous week. Redbook noted an increase in customer traffic due to the promotions for Independence Day, summer heat waves and the demand for seasonal items.
In corporate news, Lululemon (LULU) has filed a lawsuit against Costco (COST), accusing the retailer of selling lower-priced "dupes" of its athleisure apparel. Lululemon shares rose 3.5%, while Costco shares were down 0.6%.