01:57 PM EDT, 08/13/2025 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

In corporate news, Gildan Activewear ( GIL ) and Hanesbrands ( HBI ) said they struck a deal for Gildan to buy Hanesbrands ( HBI ) in a cash-and-stock deal with an equity value of about $2.2 billion. Gildan shares jumped past 10%, and Hanesbrands ( HBI ) added 3.7%.

Amazon.com ( AMZN ) shares rose 1.4% after the firm said it is expanding its same-day delivery service to include fresh groceries in more than 1,000 US locations. Shares of Walmart ( WMT ) , Kroger ( KR ) , Albertsons ( ACI ) , Target ( TGT ) and Costco (COST) were all lower. Maplebear ( CART ) lost 12%.

Madison Square Garden Entertainment ( MSGE ) swung to a fiscal Q4 loss amid a slump in event-related revenue. Shares fell 10%.