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Sector Update: Consumer Stocks Mixed in Afternoon Trading

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Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) adding 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) easing 0.1%.

In corporate news, Lululemon Athletica (LULU) sent a letter to shareholders on Monday saying that activist and founder Chip Wilson has "outdated perspectives" and "troubling conflicts of interest," which will derail the company's turnaround plan, CNBC reported. Lululemon shares increased 0.6%.

Home Depot (HD) and Lowe's (LOW) are likely to lower their full-year guidance as the home improvement retailers face pressure from weak consumer sentiment, Oppenheimer said in a report. Home Depot shares were up 0.3%, and Lowe's was flat.

Macy's (M) shares added 0.5% after Berkshire Hathaway (BRK.A) (BRK.B) disclosed a roughly $55 million investment in the company, representing nearly 1.1% of the retailer.

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