03:54 PM EDT, 05/28/2025 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

Redbook US same-store sales rose by 6.1% from a year earlier in the week ended May 24 after a 5.4% year-over-year increase in the previous week.

In corporate news, Macy's (M) reported better-than-expected fiscal Q1 results, but the department store operator lowered its full-year earnings outlook, citing the impact of tariffs, moderating discretionary spending and increased promotional activity. Its shares were down 1.2%.

Instacart (CART) shares eased 0.3% after it said Wednesday that it named Chris Rogers as the company's next chief executive, succeeding Fidji Simo, who is leaving to take a role at Microsoft-backed (MSFT) OpenAI later this year.

Stellantis ( STLA ) shares were down 2.9% after the automaker said Wednesday it appointed Antonio Filosa as its new chief executive, effective June 23. Before the appointment, Filosa served as chief operating officer of the Americas and chief quality officer, the company said.

Abercrombie & Fitch ( ANF ) shares jumped 14% after the apparel retailer's fiscal Q1 results came in higher than forecast and it raised the top end of its full-year sales guidance.

Dick's Sporting Goods (DKS) shares added 1.8% after it reported fiscal Q1 results above market estimates while the athletic goods retailer maintained its full-year outlook, including the expected impact of tariffs.