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Consumer Discretionary Consumer Durables and Apparel

  • DEARBORN, Michigan— Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. Fields will be replaced by Jim Hackett, a former CEO of office furniture company Steelcase Inc. who joined Ford's board in 2013.

  • RALEIGH, N.C.— A world-renowned furniture market shows a significant drop in interest a year after calls to boycott the North Carolina event over a state law that limited discrimination protections for LGBT people. The High Point Market Authority said this week registration for last month's edition of the twice-a-year gathering was down 5 percent compared...

  • The company reported a net loss of $204 million, or $2.48 per share, in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. Ralph Lauren posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...

  • Ralph Lauren reported a net loss of $204 million, or $2.48 per share in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. The company posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...

  • BERLIN, May 18- Foreign investment in Germany stayed at the same level year-on-year in 2016, Germany's trade and investment agency said on Thursday, despite the economy growing at its fastest rate for five years. The agency said foreign investment created at least 29,000 new jobs in Germany and the number of foreign investors rose 2 percent, with 1,944 new...

  • The company forecast second-quarter adjusted profit in the range of 15 to 17 cents per share, far below analysts' average estimate of 23 cents per share, according to Thomson Reuters I/B/E/S. Apparel retailers such as Aeropostale Inc, Wet Seal and BCBG Max Azria Group LLC have filed for bankruptcy over the last two years and industry experts say many more may...

  • Adidas is taking a mulligan on its 20- year-old acquisition of TaylorMade and is selling the golf equipment maker to a private equity firm for $425 million. CARLSBAD, Calif.— Adidas is taking a mulligan on its 20- year-old acquisition of TaylorMade and is selling the golf equipment maker to a private equity firm for $425 million. About half of the $425 million...

  • Abercrombie & Fitch is working with an investment bank to field takeover interest from other retailers, sources said on Tuesday.

  • *Q1 op profit SEK 1.54 bln vs forecast 1.33 bln. STOCKHOLM, April 28- Home appliance maker Electrolux reported a bigger than expected rise in first-quarter earnings on Friday and said it would step up cost-trimming efforts in the face of mounting raw materials prices. The rival of U.S. Whirlpool Corp stuck by its forecast for market demand to grow 2-3 percent in...

  • SHANGHAI, April 26- China stocks extended gains for a second day on Wednesday, as renewed optimism about the U.S. economy and easing concerns about regulatory tightening on the mainland lifted sentiment in global equity markets. "China's deleveraging can only go gradually," Chi Lo, economist at BNP Paribas Investment Partners wrote in a report on Wednesday.

  • SHANGHAI, April 20- China's stock investors are chasing up the country's version of the "Nifty 50" index as their love affair with trendy small caps fades amid a regulatory crackdown on speculation and concerns that the economy may lose momentum later in the year. Now Chinese investors are piling into their approximate counterparts such as home appliance maker...

  • A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, N.C., on Friday, Feb. 24, 2017.

    Raymond James is bullish on homebuilder stocks due to strong sales data points and trends.

  • Kevin Plank, CEO of Under Armour.

    Jefferies says Under Armour's social media mentions bottomed in Nov. 2016 at down 18 percent and are now showing positive growth this year.

  • Kevin Plank, founder and chief executive officer of Under Armour.

    FBR also sees increasing athletic apparel discounting at Dick's Sporting Goods, Kohl's and Macy's.

  • Lululemon shares tumbled more than 23 percent to $51, their lowest level since December 2015, after brokerages slashed their price targets and ratings. The Vancouver- based retailer, which popularized "athleisure," faces relentless competition from Under Armour, Nike and a multitude of other companies selling cheaper gym-wear. "While disappointing, we're...

  • A mechanic stacks used tires outside the service bay of a Goodyear Tire & Rubber Co. auto garage in Shelbyville, Kentucky.

    Goldman Sachs says 53 percent of tire dealers are seeing more "discounting than usual," according to a firm survey.

  • Under Armour sports shoes on display.

    Jefferies says 25 percent more consumers are wearing athletic apparel four to five times a week versus three years ago.

  • Nike sneaker on display

    Nike reported lower-than-expected revenue as it battles for market share in North America with a resurgent Adidas and a fast-growing Under Armour.

  • *Newest focus is on southeast and south Asia. LONDON, March 20- Arcelik, the home appliances arm of Turkey's biggest industrial conglomerate Koc Holding, is working on acquisitions to speed up its international expansion, particularly in Asia, its chief executive said on Monday. He forecast "significant demand growth" in southeast Asia and the Indian...

  • LONDON, March 20- Turkish home appliances maker Arcelik is working on acquisitions to speed up its international expansion, particularly in Asia, its chief executive said on Monday. "We think there will be significant demand growth coming from Southeast Asia and the Indian subcontinent," Hakan Bulgurlu told Reuters, citing Indonesia, Vietnam and the...