Consumer Discretionary Consumer Durables and Apparel

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  • Local market leader Hanssem Co Ltd, with sales of more than $1 billion in 2014, saw a 31 percent increase in revenue for the first nine months of 2015 and a doubling in its share price for the year as it opened 27 of its larger stores in 2014 and 2015. Shinsegae Co Ltd's Jaju chain opened 10 stores in 2015, bringing its total to 149.. Swedish giant IKEA, whose single...

  • HONG KONG— A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company. Basel- based Syngenta said in a statement that ChemChina's cash offer is worth the equivalent of 480 francs a share, including a special 5 franc dividend for shareholders if...

  • Whirlpool quarterly profit more than doubles Friday, 29 Jan 2016 | 6:10 AM ET

    The world's largest maker of home appliances said net earnings rose to $180 million, or $2.28 per share, in the fourth quarter ended Dec. 31, from $81 million, or $1.02 per share, a year earlier. Whirlpool said ongoing business earnings rose to $4.10 per share from $3.52. Net sales fell 7.4 percent to $5.56 billion.

  • 'Super Bowl' of golf business underway in Florida Thursday, 28 Jan 2016 | 1:29 PM ET
    Golfer

    More than 40,000 golf professionals and fans are gathered in Orlando, Florida, for the annual PGA Merchandise Show.

  • *Sees demand growing in 2016 in Europe and N.America. STOCKHOLM, Jan 28- A failed attempt to buy General Electric's white goods business pushed Sweden's Electrolux into the red in the fourth quarter of 2015 and left the home appliances maker casting around for an alternative strategy. Electrolux will seek to regroup under new Chief Executive Jonas Samuelson,...

  • *Q4 op loss SEK 202 mln vs forecast 300 mln loss. *Sees demand growth in 2016 in Europe and N America. STOCKHOLM, Jan 28- Sweden's Electrolux skidded to a loss in the fourth quarter, suffering a hangover from the collapsed purchase of General Electric's white goods business that has left the home appliances maker needing a strategy reboot.

  • FRANKFURT, Jan 21- German lighting group Osram is convinced large shareholders will warm to its new strategy of expanding in the general LED lighting market, it said on Thursday. Osram, the only global company left that focuses solely on lighting, saw its shares plunge in November after it announced a surprise 1 billion-euro investment in a new LED semiconductor...

  • Retail execs talk shop: Is the consumer spending? Thursday, 21 Jan 2016 | 7:00 AM ET
    Retail execs talk shop: Is the consumer spending?

    Present and former retail CEOs discuss the state of the US consumer.

  • Home appliances to return to J.C. Penney after 30 years Tuesday, 19 Jan 2016 | 10:00 AM ET

    Jan 19- Department store operator J.C. The chain will sell kitchen and laundry appliances in a range of price points from GE, Hotpoint, LG Electronics Inc and Samsung Electronics in 22 pilot stores starting Feb. 1. "The introduction of major appliances will help us continue to significantly improve sales and gross profit per square foot in our home department,"...

  • *Value of Brazil's M&A deals slumped 30 pct last year. SAO PAULO, Jan 15- Banco Bradesco BBI SA, which ended last year as the top-ranked advisor for mergers and acquisitions in Brazil for the first time in nearly two decades, expects a worsening recession and weakening currency to fuel takeover activity in coming months. The investment banking unit of Banco...

  • Jan 15- General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes weeks after GE walked away from a deal to sell the business to Sweden's Electrolux for $3.3 billion, following months of opposition from...

  • China's Haier buying GE appliance unit for $5.4B Friday, 15 Jan 2016 | 3:11 AM ET
    A Sears customer shops near General Electric appliances in Schaumburg, Illinois, September 8, 2014.

    Chinese appliance maker Haier is buying General Electric's appliance unit for $5.4 billion to expand its global presence.

  • Sportswear goes mainstream as 'athleisure' gains momentum Wednesday, 23 Dec 2015 | 12:37 AM ET
    Lululemon clothing on display in Pasadena, Calif.

    Flared track pants and tracksuits will be trendsetters next season outside the gym as 'athleisure' gains momentum.

  • WASHINGTON, Dec 16- Whirlpool Corp filed a complaint with the U.S. International Trade Commission on Wednesday against what it said were cheap imports of washing machines from China, which could end in duties on goods made by companies including Samsung Electronics and LG Electronics. In 2012, the United States slapped duties on washers from South Korea and...

  • STOCKHOLM, Dec 7- Shares in Sweden's Electrolux slumped more than 10 percent on Monday after a $3.3 billion deal to buy General Electric's appliance business fell through. But the U.S. Department of Justice said the deal would reduce competition and drive up prices, and asked a federal court in July to stop it from going ahead. "It is a major disappointment for...

  • WASHINGTON, Dec 2- AB Electrolux's deal to buy General Electric Co's appliance business will tie together two companies facing stiff competition from Asian competitors and be good for consumers, Home Depot Inc executive Bob Baird testified in U.S. federal court on Wednesday. The Justice Department is asking a judge to stop Sweden's Electrolux, which makes...

  • Fast Retailing CEO: Go global if you want to succeed Friday, 27 Nov 2015 | 1:44 AM ET

    Globalization is the buzzword fuelling the success of Japan's richest man, Fast Retailing CEO and president Tadashi Yanai.

  • HELSINKI, Nov 26- Applying 17 proven national low-carbon strategies globally could reduce greenhouse gas emissions by 25 percent by 2030, according to a study by the Finnish think tank Sitra. The report said Brazil's drive to reduce deforestation could be copied in Indonesia and elsewhere, and Japan's program to make household appliances more efficient...

  • Asia's female role models, not runway models Thursday, 26 Nov 2015 | 12:29 AM ET

    American designer Carrie Hammer made her mark at Shanghai Fashion Week with the models she used on the runway.

  • Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, dealing a blow to the hedge fund's intense, four-month effort to drive changes at the storied home furniture company. Tuesday's early results hand a victory to Ethan Allen's long time CEO, Farooq Kathwari, who has led the company in...