03:43 PM EDT, 09/10/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

Redbook US same-store sales last week increased 6.5% from a year earlier after a 6.3% increase in the previous week. Redbook reported higher sales due to Labor Day promotions, especially on Sunday and Monday, as the back-to-school season peaked.

In corporate news, Nike ( NKE ) shareholders voted against proposals requiring the company to reassess working conditions at sourcing locations and its supply chain, according to media reports. Nike ( NKE ) shares fell 1.9%.

Starbucks ( SBUX ) shares added 1% after new Chief Executive Officer Brian Niccol outlined four areas the company will focus on immediately under his leadership.

Southwest Airlines ( LUV ) reported a board shakeup that includes the retirement of Executive Chairman Gary Kelly and a plan to appoint four new independent directors, including nominations from activist shareholder Elliott Investment Management. Southwest ( LUV ) shares fell 1.8%.

Under Armour ( UAA ) shares tumbled 9.9% after the company said it expects $140 million to $160 million in pretax restructuring and related charges to be incurred in fiscal 2025 and 2026, or higher than estimated.