Consumer stocks were mixed pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.1% higher.

Elliott Investment Management has amassed a stake of more than $1 billion in Lululemon Athletica (LULU) and is bringing a potential chief executive candidate to the company, The Wall Street Journal reported, citing sources familiar with the matter. Separately, Lululemon said it plans to expand into six new international markets next year under franchise partnership agreements. Shares of Lululemon Athletica were up more than 7% premarket.