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Consumer Durables and Apparel

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  • Dryers: Homes' energy guzzlers just got greener Wednesday, 18 Feb 2015 | 8:46 AM ET

    Clothes dryers, perhaps the last of the major household appliances to be included in the U.S. Environmental Protection Agency's program, became available in 45 Energy Star models starting Presidents' Day weekend, according to the EPA. All of the energy-efficient models include moisture sensors to ensure that the dryer does not continue running after the...

  • La-Z-Boy misses Street 3Q forecasts Tuesday, 17 Feb 2015 | 4:39 PM ET

    MONROE, Mich. _ La-Z-Boy Inc. on Tuesday reported fiscal third-quarter profit of $17.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. La-Z-Boy shares have increased almost 3 percent since the beginning of the year.

  • 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

    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...

  • -An administrative law judge found Walmart threatened employees trying to organize workers at two stores in California, in a victory for workers' rights groups challenging labor practices at the retail giant. Geoffrey Carter, National Labor Relations Board Administrative law judge in Washington, D.C., told the company to stop applying pressure on employees...

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a quarterly loss, withdrew its 2015 profit forecast, and said its chief financial officer had resigned as its mainly low-income customers struggle with credit payments. The company reported a net loss of $3.1 million, or 8 cents per share for the third quarter ended Oct. 31, compared...

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a third-quarter loss and withdrew its 2015 profit forecast, sending its shares down as much as 40 percent in premarket trading. Shares of the company, which also said CFO Brian Taylor had resigned, were set to open at a more than two year-low on Tuesday. The company reported a net loss of...

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

    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