09:05 AM EDT, 08/12/2025 (MT Newswires) -- Consumer stocks were rising premarket Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.3% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%.

Gildan Activewear ( GIL ) is closing in on a deal to acquire Hanesbrands ( HBI ) at nearly $5 billion including debt, the Financial Times reported, citing people familiar with the matter. Shares of Hanesbrands ( HBI ) were up nearly 38% and Gildan Activewear ( GIL ) stock was down more than 6% pre-bell.