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Consumer Discretionary Consumer Durables and Apparel


  • July 14- Apparel maker Guess Inc said Victor Herrero would replace co-founder Paul Marciano as chief executive in August. Herrero joins Guess after a stint as head of Asia Pacific for Inditex Group, which owns brands such as Zara and Massimo Dutti. Guess also said Paul Marciano would replace Maurice Marciano as chairman of the board and continue to serve as chief...

  • HONG KONG/ BEIJING, July 14- The call of the world's biggest smartphone market is proving irresistible for entrepreneurs in China, where even purveyors of concrete mixers, refrigerators and rock music are mimicking local trailblazer Xiaomi Inc with their own handsets. China had 155 smartphone brands selling over 1,000 handsets a month as at end-March, from 110...

  • Dylan's Candy Bar and Alice + Olivia founders dish Wednesday, 8 Jul 2015 | 12:23 PM ET
    Dylan Lauren (left) and Stacey Bendet Eisner

    Having it all: business built on passion, time for family, and control. Dylan Lauren and Stacey Bendet spill the jellybeans.

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • Change at the top at Nike Wednesday, 1 Jul 2015 | 6:00 AM ET
    Change at the top at Nike

    Nike Chairman Phil Knight announces plans to step down; says he plans to stay involved with the company.

  • HONG KONG, June 24- China's GOME Electrical Appliances Holding Ltd plans to buy Beijing Dazhong Home Appliances Retail Co Ltd for 3.83 billion yuan, formalizing its control of a company it has been managing for around eight years. GOME said it would buy the whole of Beijing Dazhong from Beijing Zhansheng Investment Co Ltd in a deal set off against a 3.6 billion...

  • June 15- Lumber Liquidators Holdings Inc terminated the employment of its chief merchandising officer, making him the latest top-level executive to leave the wood floorings retailer amid allegations it sourced laminates from China that contained excessive levels of a known carcinogen. A report by CBS's "60 Minutes" in March alleged that the company's...

  • *Dollar drops on optimism of Greece deal with creditors. *Intel drops after rating cut; biggest drag on indexes. June 2- U.S. stocks erased earlier losses to turned positive on Tuesday afternoon on optimism that Greece would strike a deal with its creditors, while weak U.S. data and bearish comments from a Federal Reserve board member allayed fears of a near-term...

  • *Juno jumps on report of AstraZeneca interest. June 2- U.S. stocks were lower in late morning trading, paring some of their losses earlier in the session, as weak factory orders data and bearish comments from a Federal Reserve board member allayed fears of a rate hike coming sooner rather than later. "Interest rates are not going to matter if they're rising because of...

  • Greece must repay four loans totaling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. The leaders of Germany, France and Greece's international creditors agreed late on Monday to work with "real intensity" as they try to reach a deal that would prevent a default. "Stocks have been trying to break...

  • Electrolux Q1 profit falls less than expected Friday, 24 Apr 2015 | 3:32 AM ET

    Home appliances maker Electrolux reported a smaller-than-expected fall in first-quarter earnings on Friday.

  • Can Adidas be 'cool' again? One exec thinks so Friday, 27 Mar 2015 | 1:36 PM ET
    An Adidas Store is shown at the Galleria Mall in Houston.

    Can Adidas recover from 7 percent sales slip to become 'cool' again in the U.S.?

  • Up for grabs: NBA uniform and apparel contract Monday, 16 Mar 2015 | 4:18 PM ET
    A shopper walks past Adidas AG merchandise in Beijing, China, on Sunday, Feb. 26, 2012. Adidas, the exclusive maker of National Basketball Association (NBA) uniforms.

    Adidas announced it will not be renewing its partnership with the NBA when its current contract expires following the 2016-2017 season.

  • Whirlpool profit drops due to acquisition costs Wednesday, 4 Feb 2015 | 10:30 AM ET
    An employee works on a Whirlpool washing machine at the company's operations plant in Clyde, Ohio.

    Whirlpool on Wednesday said its fourth-quarter profit fell due to costs from recent acquisitions, but excluding costs, the results beat expectations.

  • Global auto sales remain on uptrend: IHS Monday, 2 Feb 2015 | 5:00 AM ET
    Toyota dealership, auto dealer, auto sales

    Car sales are set to rise again this year, albeit at a slower pace, continuing a five-year recovery, boosted by Chinese and U.S. demand, IHS forecasts.

  • Teen fashion retailers are going out of style Wednesday, 7 Jan 2015 | 6:40 PM ET
    A Deb Shop in Westland, Michigan

    Deb Shops, the once popular teen fashion retailer, won court approval on Wednesday to begin going-out-of-business sales for nearly 300 stores.

  • China tech firms bet on Misfit Wearables Thursday, 4 Dec 2014 | 8:41 PM ET
    China tech firms bet on Misfit Wearables

    Sonny Vu, President & CEO of U.S. start-up Misfit Wearables, discusses the firm's $40 million investment from Chinese tech firms Xiaomi and JD.com

  • Global Brands teams up with David Beckham Wednesday, 3 Dec 2014 | 7:20 PM ET
    Global Brands teams up with David Beckham

    Bruce Rockowitz, CEO of Global Brands, and football star David Beckham discuss their new project to build brands with high profile sports and entertainment icons.

  • Whirlpool posts higher profit but reduces forecast Tuesday, 28 Oct 2014 | 11:11 AM ET
    A customer talks to a sales associate in front of a row of Whirlpool washing and drying machines.

    Whirlpool posted a higher profit on increased sales of its washers and dryers, cooktops, stoves, and refrigerators in North America and Europe.