01:51 PM EDT, 07/09/2024 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

Redbook US same-store sales rose by 6.3% from year-ago levels in the seven days ended July 6, following a 5.8% year-over-year increase in the previous week.

In corporate news, Helen of Troy (HELE) reduced its full-year outlook as the company recorded lower-than-expected fiscal Q1 results amid weak consumer demand. Its shares tumbled 27%.

Hilton Worldwide ( HLT ) shares added 1.4% as it said Tuesday it's collaborating with Small Luxury Hotels of the World in an effort to expand its luxury hotel services with an additional 400 properties.

Nike ( NKE ) has rehired a former executive to help rebuild relationships with distributors and retailers damaged by the company's strategy of focusing on its own sales outlets, Bloomberg reported late Monday. Nike ( NKE ) shares were shedding 0.1%.