Consumer Discretionary Consumer Durables and Apparel

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  • STOCKHOLM, Nov 3- Fashion retailer Hennes& Mauritz said on Tuesday it had agreed with IndustriALL Global Union to jointly train its direct suppliers and their workers in how to improve relations and dialogue between social partners. The Asian garment industry has been shaken by labour unrest over low wages and poor working conditions, such as pay protests in...

  • WASHINGTON, Nov 19- AB Electrolux's CEO argued on Thursday that his company should be allowed to buy General Electric's appliance business despite documents describing a consolidated U.S. market, saying the GE deal would not push up prices for consumers. The Department of Justice asked a federal court in July to stop Sweden's Electrolux, which makes...

  • Best Buy focuses on growth, bets on appliances Wednesday, 18 Nov 2015 | 6:05 PM ET

    *Best Buy will report quarterly earnings on Thursday. *Sears' woes create opportunity for Best Buy in appliances. CHICAGO, Nov 18- Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.

  • WASHINGTON, Nov 9- The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric's appliance business but the companies accused antitrust enforcers of failing to acknowledge powerful and growing competition from overseas manufacturers. The Department of Justice...

  • WASHINGTON, Nov 5- AB Electrolux is not in settlement talks with the U.S. Justice Department on its bid for General Electric's appliance business, a lawyer for Electrolux said on Thursday as the two sides prepared for a trial starting next week. The United States asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan...

  • This underwear comes with a 'no wedgie' guarantee Wednesday, 4 Nov 2015 | 9:12 AM ET
    Tommy John underwear claims to have solved the "wedgie" issue.

    Tommy John is trying to get men to invest in better undergarments with its Air briefs, which it claims never bunch.

  • STOCKHOLM, Nov 3- Fashion retailer Hennes& Mauritz said on Tuesday it had agreed with IndustriALL Global Union to jointly train its direct suppliers and their workers in how to improve relations and dialog between social partners. The Asian garment industry has been shaken by labor unrest over low wages and poor working conditions, such as pay protests in...

  • Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil, and tumbling oil and commodities prices. The problems are clearly not across the board, as shown by better-than-expected results reported last Thursday by technology heavyweights Amazon.com Inc, Google-owner Alphabet Inc, and...

  • Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil, and tumbling oil and commodities prices. The problems are clearly not across the board, as shown by better-than-expected results reported last Thursday by technology heavyweights Amazon.com Inc, Google-owner Alphabet Inc, and...

  • "Nobody wants to hear about pricing getting more competitive in any kind of retail environment," analyst Megan McGrath at MKM Partners said. Chief Executive Jeff Fettig told analysts that rapid currency depreciation, including those of Brazil, Canada, Russia and the European Union, would reduce 2015 annual sales by about $2.5 billion. Fettig also said declining...

  • Skechers stock plummets on ugly revenue miss Friday, 23 Oct 2015 | 8:46 AM ET
    Pedestrians pass in front of a Skechers store in New York.

    Skechers USA reported lower-than-expected rise in quarterly comparable sales and revenue, sending its shares down 35 percent after market.

  • Whirlpool revised its outlook for full-year 2015 GAAP net earnings per diluted share to a range of $9.75 to $10.25 from a range of $9.50 to $10.50 and its full-year ongoing business earning per diluted share to $12 to $12.50 from $12 to $13. The world's largest maker of home appliances now expects 2015 full-year capital spending to be at $700 to $750 million, down...

  • Lululemon product chief to leave in exec shuffle Thursday, 22 Oct 2015 | 6:53 AM ET
    A Lululemon Athletica store in Pasadena, California.

    Lululemon Athletica said its chief product officer is leaving after just two years with the premium yogawear retailer.

  • *Others wanted to meet outside Bangladesh or hold video calls. DHAKA, Oct 15- Business executives from global clothing giants H&M Inditex and Gap have canceled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. The United States and Canada have asked their...

  • *Others wanted to meet outside Bangladesh or hold video calls. DHAKA, Oct 15- Business executives from global clothing giants H&M Inditex and Gap have cancelled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. The United States and Canada have asked their...

  • Oct 9- Sears Holdings Corp named Sean Skelley as president of home services, the latest in a string of appointments made by the struggling retailer. Skelley, who has worked for over 20 years with U.S. electronics chain Best Buy Co Inc, will look after Sears' home services business which provides customers with home appliances repairs and home improvement...

  • GE combines technologies into energy efficiency company Wednesday, 7 Oct 2015 | 10:39 AM ET

    Oct 7- General Electric Co said on Wednesday it had started a company to focus on energy efficiency to help corporate and other customers lower their energy bills and better manage power distribution. The company, which will be run by Maryrose Sylvester, who has been president of GE Lighting, will begin with $1 billion in revenue, and is expected to grow to $5...

  • *American Apparel bets on financial, fashion turnaround. CHICAGO, Oct 6- American Apparel Inc plans to revamp its struggling fashion business under a restructuring plan that would give ownership to the Standard General hedge fund, which rescued RadioShack earlier this year, lawyers said at a hearing on Tuesday. American Apparel Inc, the country's largest "Made...

  • SHANGHAI, Oct 6- A U.S. clothing industry group is urging the United States Trade Representative to blacklist Alibaba Group Holding Ltd's popular Taobao shopping website for persistent intellectual property rights violations despite pledges by the e-commerce firm to curb the problem. Alibaba said on Tuesday it was willing to discuss outstanding issues...

  • Nikkei retreats as investors wary in data-heavy week Monday, 28 Sep 2015 | 2:35 AM ET

    TOKYO, Sept 28- Japanese stocks fell on Monday as investors took profits from gains made on Friday ahead of key economic indicators scheduled for release this week in Japan, China and the U.S. JFE Holdings shed 4.3 percent while Nippon Steel and Sumitomo Metal lost 3.3 percent. Electrical appliance retailer Yamada Denki gained 5.2 percent while household goods...