GO
Loading...

Consumer Durables and Apparel

More

  • Under Armor profit falls 13.4 pct Tuesday, 21 Apr 2015 | 7:15 AM ET

    April 21- Sports apparel maker Under Armor Inc reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions. Under Armor in February acquired two fitness tracking services, Endomondo and MapMyFitness, for about $560 million. The company's net income fell to $11.7 million, or 5 cents per share, in the first quarter ended...

  • Under Armour profit falls 13.4 pct Tuesday, 21 Apr 2015 | 7:15 AM ET

    April 21- Sports apparel maker Under Armour Inc reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions. Under Armour in February acquired two fitness tracking services, Endomondo and MapMyFitness, for about $560 million. Under Armour's revenue rose about 25.5 percent to $804.9 million.

  • Shahidullah Azim, a vice president of the Bangladesh Garment Manufacturers and Exporters Association, said the pledge would help the U.N.-sponsored compensation fund reach its commitment to provide $30 million to the survivors of the collapse of the Rana Plaza factory complex— Bangladesh's worst industrial disaster. The Benetton Group announced Friday...

  • China's incredible shrinking factory Thursday, 16 Apr 2015 | 5:00 PM ET

    HUIZHOU, China, April 17- Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Cankun, an appliances factory in southern China featured in the documentary Manufactured Landscapes, had more than 22,000 manufacturing employees in 2005, according to its annual report. Some Hong Kong- owned factories in southern China...

  • Memphis Group revival permeates Milan furniture fair Thursday, 16 Apr 2015 | 1:58 PM ET

    MILAN— The Memphis Group, a postmodern design movement that launched at the Milan Furniture Fair in 1981, was back to permeate this year's fair, not just with its acid colors and fanciful squiggles but with its pervasive search for clarity between the artistic and commercial. It was the freshest idea I had seen at a time when one idea could take over the whole city, "...

  • Finding that her top toy choice, Shopkins- tiny grocery store characters made by Australia's privately-held Moose Enterprise- was sold out, Catie went directly to the Barbie row and picked out one of Mattel Inc.' s iconic dolls. Though Mattel, Hasbro and Lego control about 40 percent of the U.S. toy market, there's a growing niche for smaller companies such as Alex...

  • STOCKHOLM, April 8- White goods maker Electrolux said on Wednesday its North American appliances business would make an unexpected loss in the first quarter, partly due to costs related to adjustments to product lines in the region. Electrolux, a rival of Whirlpool Inc, makes nearly a third of its sales in North America and has been benefiting from firm demand in...

  • Race to the bottom: Cotton vs polyester prices Tuesday, 7 Apr 2015 | 6:15 AM ET

    By Henning Gloystein SINGAPORE, April 7- Bulging cotton inventories in China and slumping oil markets have triggered a race to the bottom between cotton and polyester prices. Futures prices in China, both the world's largest producer and importer, are also down a third. That significantly reduced U.S. exports to China, and added supply to a global cotton market...

  • 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.?

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • Electrolux uses motor industry ideas in productivity push Thursday, 19 Mar 2015 | 11:02 AM ET

    *30 pct of production remains in Europe, North America. The Swedish group has called an end to major plant moves out of Europe and North America. American CEO Keith McLoughlin is using modularisation, a motor industry technique that has come late to home appliances, and Electrolux has recruited from the likes of Volkswagen AG.

  • 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.

  • TORONTO, March 5- Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said. The ramp-up in Kit and Ace's growth plans comes as Lululemon Athletica Inc founder Chip Wilson, who announced...

  • 13 stocks that beat Warren Buffett Tuesday, 3 Mar 2015 | 8:16 AM ET
    Cleveland Cavaliers' LeBron James sits on the base line in front of Warren Buffett, left, in an NBA basketball game against the Charlotte Hornets Monday, Dec. 15, 2014, in Cleveland.

    These 13 stocks have beat the growth of Berkshire Hathaway in the years since 1985. USA Today reports.

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards, according to television news program "60 Minutes." CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida, Texas, Illinois and New...

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring containing levels of formaldehyde that were higher than those permitted under California's health and safety standards, according to television news program "60 Minutes". CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida,...

  • LONDON, Feb 25- AO World, the British online retailer of domestic appliances that soared at its flotation a year ago, cut its full-year earnings outlook on Wednesday and saw its shares crash by 46 percent at the open. AO, which has also moved into Germany as part of a wider European expansion plan, said some of the revenue growth this time last year was due to the extra...

  • UK furniture retailer DFS to float in London Friday, 6 Feb 2015 | 2:44 AM ET

    LONDON, Feb 6- British furniture retailer DFS said on Friday it intended to float on the London Stock exchange and expected the offer to raise gross proceeds of 105 million pounds. DFS, which is owned by private equity firm Advent International, has a quarter share of Britain's 3 billion pound upholstered furniture market. It has 105 stores in the UK, Ireland and the...

  • CHICAGO, Feb 4- If the U.S. dollar stays at current levels, Whirlpool Corp's revenue could take a hit of up $1 billion in 2015, but the world's largest appliance maker expects to protect its profits, Chief Executive Officer Jeff Fettig told Reuters on Wednesday. Raising prices in some foreign markets should offset some of the effects of the strong dollar, which...

  • CHICAGO, Feb 4- Whirlpool Corp on Wednesday said 2015 would be another solid year for U.S. sales of its washers, stoves and refrigerators because of the housing market's recovery and low oil prices, and its shares rose 6 percent. Whirlpool reported a net profit of $81 million, or $1.02 a share, down more than 55 percent from $181 million, or $2.26 a share, a year earlier.