01:45 PM EDT, 08/12/2025 (MT Newswires) -- Consumer stocks were higher 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 5.7% from a year earlier in the week ended Aug. 9 after a 6.5% year-over-year increase in the previous week.

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 26%, and Gildan was down 4.8%.

AMC Entertainment ( AMC ) is positioned for market share gains in 2025 and 2026 on the back of its premium screens in North America and expansion plans in the UK and EU, Wedbush said in a note. Wedbush raised its price target on AMC to $4.50 from $4.00 and reiterated its outperform rating. AMC rose 0.7%.

General Motors ( GM ) is trying to bring back some employees who worked on its now-defunct Cruise autonomous vehicle project, as it looks to make another push into the driverless car space, Bloomberg reported Monday. GM shares added 0.2%.