01:55 PM EDT, 04/07/2026 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.7%.

Redbook US same-store sales rose by 7.6% from a year earlier in the week ended April 4 after a 6.9% year-over-year increase in the previous week.

In corporate news, Delta Air Lines ( DAL ) shares were down 1.2% after it said it is raising checked bag fees for US flights and some short-haul international routes. The price hikes come after similar moves by United Airlines (UAL) and JetBlue Airways (JBLU) amid higher jet fuel prices, Reuters reported.

Sony Group's ( SONY ) Sony Pictures Entertainment is planning to lay off hundreds of workers across its film, TV and corporate divisions as part of an effort to restructure its operations, Variety reported. Sony Group ( SONY ) shares were fractionally higher.

Estee Lauder ( EL ) and Puig are holding talks in New York this week to negotiate the possible integration of the two companies, Expansion reported Tuesday, citing several market sources. The report said the key negotiation points include governance of the combined group, shareholder agreements, and the exchange ratio in a potential merger. Estee Lauder ( EL ) shares fell 1.9%.