03:15 PM EDT, 08/28/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) declining 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.

In corporate news, Nike ( NKE ) is planning to lay off less than 1% of its corporate staff amid Chief Executive Elliott Hill's effort to bring the footwear company back on a growth trajectory, CNBC reported, citing a company memo. Nike ( NKE ) shares were down 0.1%.