03:47 PM EDT, 04/08/2025 (MT Newswires) -- Consumer stocks were declining late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2.1%.

Redbook US same-store sales accelerated by 7.2% from a year earlier in the week ended April 5 after a 4.8% year-over-year increase in the previous week.

In corporate news, Constellation Brands ( STZ ) is scaling back its diversity, equity, and inclusion efforts after engaging with anti-DEI activist Robby Starbuck, Bloomberg reported. Constellation shares were down 1.8%.

Harley-Davidson ( HOG ) shares dropped past 9% after it said Tuesday that Chief Executive Jochen Zeitz will retire this year and that a search for his successor was underway.

WD-40 ( WDFC ) lifted its full-year earnings outlook as the maker of lubricants and cleaning products said it expects a "minimal" impact from the Trump administration's recently announced tariffs. Its shares still fell 8.7%.

Tesla (TSLA) Chief Executive Elon Musk appealed directly to President Trump to reverse course on tariffs over the weekend, the Washington Post reported Monday. Tesla shares were falling 6.3%.