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Consumer Durables and Apparel

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  • Dec 4- Canadian apparel maker Gildan Activewear Inc forecast a loss for the current quarter as it cuts prices in its printwear business to attract more orders from retailers. The company, whose rivals include Hanesbrands Inc and L Brands Inc, forecast a loss of 30 cents per share for the first quarter ending Jan. 4. Net income rose to $122.7 million, or $1 per share, in...

  • Gildan Activewear's quarterly profit rises 27 pct Thursday, 4 Dec 2014 | 7:21 AM ET

    Dec 4- Canadian apparel maker Gildan Activewear Inc's quarterly profit rose 26.8 percent, helped by higher sales of its printwear and branded apparel and its acquisition of Canadian hosiery company Doris Inc.. Net income rose to $122.7 million, or $1 per share, in the fourth quarter ended Oct. 5 from $96.8 million, or 79 cents per share, a year earlier.

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

    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.

  • ATHENS, Nov 28- At Greek home appliance retail chain Electroniki, a washing machine cost 497 euros six years ago. Greece has muddled through 20 consecutive months of deflation, or continuously falling consumer prices- a phenomenon that economists say could soon infect the whole euro zone. Yet alarm over low inflation in other parts of southern Europe does not...

  • *Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...

  • NEW YORK, Nov 21- Middleby Corp, maker of high-end kitchen appliances for both professional and home cooks, has become a new favorite of fund managers as it benefits from changing American dining habits. That push away from Big Macs has spurred Middleby's revenue growth, which hit 14 percent in its current fiscal year, and prompted 81 mutual funds, including those...

  • Magistrate Judge Janet King in Atlanta rejected a claim by Steven Slawson, co-founder of Titan Capital Management, that his May indictment should be tossed because it did not allege he knew an insider disclosed illegal tips for personal gain. Attorney Sally Quillian Yates in Atlanta did not respond to requests for comment on Monday. Meanwhile, a federal...

  • NEW YORK, Nov 5- U.S. imports of synthetic apparel this year have overtaken cotton garments for the first time in decades, according to the latest U.S. government data, confirming the cotton industry's fears that cotton is losing the battle to manmade fibers. Of 19.43 billion square-meter equivalents of apparel shipped to the United States through September,...

  • *Banks owed are FirstRand, Standard, Barclays, Investec. JOHANNESBURG, Nov 5- Four of South Africa's biggest banks are owed $53 million by Ellerine, the money-losing furniture firm that African Bank Investments cut funding to just before the lender collapsed, documents showed. The restructuring plan shows Ellerine owes 241 million rand to FirstRand, 150 million...

  • Oct 28- Whirlpool Corp on Tuesday posted a higher quarterly profit as the housing recovery in the United States lifted sales of its washers and dryers, cooktops, stoves and refrigerators. Benton Harbor, Michigan- based Whirlpool posted a third-quarter profit of $230 million, or $2.88 a share, up from $196 million, or $2.42 a share, a year earlier.

  • 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.

  • Oct 28- Whirlpool Corp on Tuesday posted a higher quarterly profit, lifted by increased sales of its washers and dryers, cooktops, stoves and refrigerators in North America and Europe. But the world's largest maker of home appliances lowered its full-year profit outlook, citing costs from its acquisitions of Indesit Company SpA and Hefei Rongshida Sanyo...

  • Whirlpool posts higher profit Tuesday, 28 Oct 2014 | 6:17 AM ET

    Oct 28- Whirlpool Corp posted a higher quarterly profit on Tuesday on increased sales of its washers and dryers, cooktops, stoves and refrigerators in North America and Europe. The company, the world's largest maker of home appliances, posted a third-quarter profit of $230 million, or $2.88 a share, up from $196 million, or $2.42 a share, a year earlier.

  • Under Armour shares fall as sales growth slows Thursday, 23 Oct 2014 | 11:07 AM ET
    Under Armour

    Sports apparel maker Under Armour reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading.

  • Oct 23- Sports apparel manufacturer and retailer Under Armour Inc reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading. Under Armour also raised its full-year 2014 sales forecast for the third time. Under Armour said net income rose to $89.1 million, or 41 cents per share, in the third quarter ended...

  • Oct 23- Sports apparel manufacturer and retailer Under Armour Inc reported a 22 percent rise in quarterly profit due to strong demand for its sports footwear and outdoor apparel. The company, known for its Highlight football cleats and SpeedForm Apollo running shoes, said net income rose to $89.1 million, or 41 cents per share, in the third quarter ended Sept. 30,...

  • UPDATE 1-Retailer Conn's says could sell itself Monday, 6 Oct 2014 | 8:43 AM ET

    Oct 6- Electronics and home appliance retailer Conn's Inc said it would consider selling itself as part of a review of strategic options. Shares of the company, which has a market capitalization of about $1.20 billion, were up 8 percent at $35.60 in premarket trading on Monday. Activist shareholder David Einhorn's Greenlight Capital Inc and hedge fund Luxor...

  • Retailer Conn's says could sell itself Monday, 6 Oct 2014 | 7:18 AM ET

    Oct 6- Electronics and home appliance retailer Conn's Inc said it would consider selling itself as part of a review of strategic options. Conn's, which also adopted a poison pill takeover defense, has engaged BofA Merrill Lynch as financial adviser and Vinson& Elkins LLP as legal counsel to assist in the process. Other options include separation of its retail and...

  • Farah left Ralph Lauren in May as executive vice chairman after serving as president and chief operating officer for nearly 14 years. Ralph Lauren's annual revenue more than tripled to $7.45 billion in 2014 from $1.95 billion in 2000 during Farah's tenure.

  • *Restructuring charges of 50 million euros through 2016. AMSTERDAM, Sept 23- Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.