Consumer Sector Update for 01/25/2023: REAL, CTC-A.TO, NEPT, NEPT.TO, KMB
Consumer stocks were narrowly lower in midweek trading, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down just 0.1%.
In company news, RealReal (REAL) slid 1.7% after the luxury goods consignment seller said Canadian Tire (CTC-A.TO) executive John Koryl will become its new CEO on Feb. 6. He succeeds Rati Levesque and Robert Julian, who have shared interim chief executive duties since RealReal founder Julie Wainwright stepped down in June 2022 and will return to their permanent jobs as chief operating officer and chief financial officer, respectively.
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