×

Consumer Discretionary Consumer Durables and Apparel

  • *Korea Inc says to invest $12.8 billion in U.S. in five years. But Moon, who will be accompanied by more than 50 South Korean business leaders, is also expected to face pressure to address his country's large trade surplus with the United States. Samsung's investment news was followed up by a statement from South Korea's biggest business lobby that 52 companies...

  • *Korea Inc says to invest $12.8 billion in U.S. in five years. But Moon, who will be accompanied by more than 50 South Korean business leaders, is also expected to face pressure to address his country's large trade surplus with the United States. Samsung's investment news was followed up by a statement from South Korea's biggest business lobby that 52 companies...

  • SEOUL, June 28- Samsung Electronics Co Ltd has agreed to open a $380 million home appliance manufacturing plant in the United States, in South Carolina, it said on Wednesday. The South Korean firm had launched talks to build a factory in the United States as worries about protectionist policies under U.S. Commerce Secretary Wilbur Ross said in a statement on...

  • A sold sign stands outside a new home in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois.

    Credit Suisse starts its price target for D.R. Horton shares at $38, representing 14 percent upside from Thursday's close.

  • DETROIT, June 20- Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down on Oct. 1 after 13 years as chief executive and will be replaced by the firm's current chief operating officer, Marc Bitzer. "Jeff has done an exceptional job over a long and successful career," said Robert Wetenhall, an analyst at RBC Capital...

  • DETROIT, June 20- Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down as chief executive on Oct. 1 and will be replaced by the firm's chief operating officer, Marc Bitzer.

  • FRANKFURT, June 20- Growth in German sales of robotics and automation equipment, an engine of the country's export-driven economy, is expected to accelerate to 7 percent this year, lifted by demand from foreign manufacturers. Germany exported 57 percent of its robotics and automation equipment last year, with China accounting for 10 percent of sales, making it...

  • FRANKFURT, June 20- Growth in German sales of robotics and automation equipment, an engine of the country's export-driven economy, is expected to accelerate to 7 percent this year, lifted by demand from foreign manufacturers. Germany exported 57 percent of its robotics and automation equipment last year, with China accounting for 10 percent of sales, making it...

  • SHANGHAI, June 20- Foreign investors are betting U.S. index publisher MSCI will finally agree to include China- listed shares in its emerging markets benchmark this week, stepping up their buying of Chinese blue-chips that could gain from inclusion in the index. In May, overseas investors bought a net 19.8 billion yuan of mainland shares via the "Connect" schemes...

  • A man checks in with the Conde Nast front desk at One World Trade Center in New York.

    Conde Nast is ending Style.com, its first foray into online fashion retail, after just nine months.

  • TORONTO, June 1- Athletic apparel maker Lululemon Athletica Inc on Thursday said it would close most of its money-losing Ivivva girls stores and boost investment in its online business as it reported quarterly profit that beat analysts' forecasts. The company forecast full-year net revenue of $2.53 billion to $2.58 billion, below its previous guidance of...

  • The company reported adjusted per-share profit of 32 cents in the first quarter ended April 30, beating the 27 cent average forecast of analysts, according to Thomson Reuters I/B/E/S. The company said it would close 40 Ivivva stores, out of a total of 55, and expected to take $50 million and $60 million in Ivivva restructuring charges in fiscal 2017, including...

  • The company reported a net loss of $204 million, or $2.48 per share, in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. Ralph Lauren posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...

  • Ralph Lauren reported a net loss of $204 million, or $2.48 per share in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. The company posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...

  • BERLIN, May 18- Foreign investment in Germany stayed at the same level year-on-year in 2016, Germany's trade and investment agency said on Thursday, despite the economy growing at its fastest rate for five years. The agency said foreign investment created at least 29,000 new jobs in Germany and the number of foreign investors rose 2 percent, with 1,944 new...

  • The company forecast second-quarter adjusted profit in the range of 15 to 17 cents per share, far below analysts' average estimate of 23 cents per share, according to Thomson Reuters I/B/E/S. Apparel retailers such as Aeropostale Inc, Wet Seal and BCBG Max Azria Group LLC have filed for bankruptcy over the last two years and industry experts say many more may...

  • Abercrombie & Fitch is working with an investment bank to field takeover interest from other retailers, sources said on Tuesday.

  • *Q1 op profit SEK 1.54 bln vs forecast 1.33 bln. STOCKHOLM, April 28- Home appliance maker Electrolux reported a bigger than expected rise in first-quarter earnings on Friday and said it would step up cost-trimming efforts in the face of mounting raw materials prices. The rival of U.S. Whirlpool Corp stuck by its forecast for market demand to grow 2-3 percent in...

  • SHANGHAI, April 26- China stocks extended gains for a second day on Wednesday, as renewed optimism about the U.S. economy and easing concerns about regulatory tightening on the mainland lifted sentiment in global equity markets. "China's deleveraging can only go gradually," Chi Lo, economist at BNP Paribas Investment Partners wrote in a report on Wednesday.

  • SHANGHAI, April 20- China's stock investors are chasing up the country's version of the "Nifty 50" index as their love affair with trendy small caps fades amid a regulatory crackdown on speculation and concerns that the economy may lose momentum later in the year. Now Chinese investors are piling into their approximate counterparts such as home appliance maker...