01:08 PM EDT, 08/12/2025 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

Redbook US same-store sales rose by 5.7% from a year earlier in the week ended Aug. 9 after a 6.5% year-over-year increase in the previous week. Redbook noted retailers try to clear summer inventories in August so inventories shift to fall apparel and back-to-school items. Back-to-school tax holidays have improved sales in various states.

In corporate news, Gildan Activewear (GIL) is nearing a deal to buy Hanesbrands ( HBI ) at almost $5 billion including debt, the Financial Times reported. Hanesbrands ( HBI ) shares surged past 25% and Gildan was down 5.2%.