09:18 AM EDT, 06/12/2025 (MT Newswires) -- Consumer stocks were declining pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was 0.01% lower and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently down 0.6%.

GameStop ( GME ) shares fell by nearly 17% after the company said it plans to offer $1.75 billion of convertible senior notes due 2032 to institutional buyers.

Oxford Industries ( OXM ) shares were down more than 9% after the company reported lower fiscal Q1 adjusted earnings and net sales and cut its fiscal 2025 guidance.

Calavo Growers ( CVGW ) shares were advancing nearly 13% after the company said it received a non-binding proposal to acquire all of its outstanding shares at $32 per share.