Consumer Durables and Apparel


  • *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.

  • Puma inks deal with Arsenal, throws a big party Wednesday, 30 Jul 2014 | 1:22 PM ET
    Arsenal's Santi Cazorla (L) celebrates with Olivier Giroud (R)

    Athletic shoemaker Puma teamed up with one of England's top-flight soccer clubs, Arsenal FC, to promote a sponsorship deal.

  • Nike earnings beat estimates; shares edge higher Thursday, 26 Jun 2014 | 4:15 PM ET

    Nike reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

  • Gillette aims for a swivel in sales from new razor Thursday, 1 May 2014 | 5:06 PM ET

    Gillette hopes its FlexBall razor can boost stagnant razor sales with a nifty new swiveling feature.

  • Retail earnings to blossom?   Thursday, 10 Apr 2014 | 2:27 PM ET
    Retail earnings to blossom?

    What to make of CEOs who blame weather for poor sales, and what investors can expect from spring sales, with Mary Epner, Mary Epner retail analysis.

  • Retailers feel spring fever   Thursday, 10 Apr 2014 | 2:25 PM ET
    Retailers feel spring fever

    Gap will report earnings after the closing bell. CNBC's Courtney Reagan reports on a few positive earnings surprises from other retailers.

  • Lululemon forecasts lower first-quarter results Thursday, 27 Mar 2014 | 7:18 AM ET
    A sign is displayed on a Lululemon Athletica Inc. store in Pasadena, California.

    Lululemon Athletica forecast lower-than-expected current-quarter results, after posting a profit that was almost unchanged from a year earlier.

  • As US speedskaters struggle, focus turns to suits Friday, 14 Feb 2014 | 9:28 AM ET
    Heather Richardson of the United States competes during the Women's 1000m Speed Skating event on day 6 of the Sochi 2014 Winter Olympics at Adler Arena Skating Center on February 13, 2014 in Sochi, Russia.

    U.S. speedskating team's miserable performance during the first week of the Olympics has turned the speculation to their high-tech skinsuits.

  • JC Penney's plan: Out with the new, in with the old Thursday, 12 Dec 2013 | 2:03 PM ET

    After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.

  • See it here: Kobe Bryant rolls out new hoops shoe Thursday, 5 Dec 2013 | 10:33 AM ET
    The “Kobe 9” basketball shoe, from Nike.

    Kobe Bryant debuted his latest pair of basketball shoes this week—the only question now is when he'll take the court in them.

  • Spanx billionaire learns not to use this word in UK Wednesday, 16 Oct 2013 | 10:10 AM ET

    Sara Blakely, the inventor of Spanx and founder of the women's undergarment company that's made her a billionaire, recounts an embarrassing BBC interview in which she used a word that has a very different meaning in England than it has in the U.S.