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Consumer Durables and Apparel

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  • 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.

  • 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.

  • CHICAGO, Feb 4- Whirlpool Corp on Wednesday said its fourth-quarter profit fell due to costs from recent acquisitions, but excluding those costs, the results beat market expectations. 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. Last July Whirlpool acquired a majority...

  • 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.

  • Jan 29- Outdoor footwear and apparel manufacturer and retailer Deckers Outdoor Corp cut its full-year forecast as demand for its UGG Australia branded sheepskin shoes slows in the United States. Deckers said it now expected a full-year profit of $4.58 per share, representing 12.6 percent year-on-year growth, and revenue of $1.8 billion.

  • Deckers profit, sales miss estimates as demand slows Thursday, 29 Jan 2015 | 4:31 PM ET

    Jan 29- Outdoor footwear and apparel manufacturer and retailer Deckers Outdoor Corp reported lower-than-expected quarterly profit and sales as demand for its UGG branded sheepskin shoes slowed in the United States. Deckers said net income rose to $156.7 million, or $4.50 per share, in the third quarter ended Dec. 31, from $140.9 million, or $4.04 per share, a year...

  • *India lawsuit has no effect on operations- Barra. BEIJING, Jan 16- China's Xiaomi Inc plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances. "One area that we are also looking to make some investments in is start-ups in India.

  • 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.

  • U.S. business spending plans gauge flat in November Tuesday, 23 Dec 2014 | 8:31 AM ET

    WASHINGTON, Dec 23- A gauge of business investment plans was unexpectedly flat in November, suggesting a slowdown in economic growth after a brisk expansion over the last two quarters. Overall orders for durable goods- items ranging from toasters to aircraft that are meant to last three years or more- unexpectedly fell 0.7 percent, even as Boeing reported a surge...

  • *Net was 347.5 mln yuan, revenue 26.6 bln yuan. BEIJING, Dec 15- Privately owned Xiaomi Technology Ltd Co booked 347.5 million yuan in net profit last year, according to a regulatory filing that showed the world's No.3 smartphone maker grappling razor-thin margins. "They're growing so fast and so lean, I wouldn't be surprised even if they were losing money," said...

  • *Fosun Intl moves to new insurance-based business model. A Club Med takeover would represent the most significant co-investment between Fosun and Fidelidade, the Portuguese insurance firm Fosun forked out $1.29 billion to buy in May, and advance Guo's goal of turning his Shanghai- based manufacturing and real estate-focused conglomerate into a...

  • WASHINGTON, Dec 11- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. The Commerce Department said on Thursday retail sales excluding automobiles, gasoline, building materials and food services, increased 0.6 percent...