T-shirt maker Gildan Activewear's fourth-quarter net profit nearly halved, missing Wall Street estimates, as higher costs and an unfavourable product mix offset gains from higher selling prices and improved manufacturing efficiencies.
Lululemon Athletica Inc reported a higher quarterly profit as sales gains from the clothier's new stores outstripped a weaker Canadian dollar and economic downturn, but the company cut its full year outlook as it braced for tough times.
Shares of Urban Outfitters Inc fell as much as 22 percent Thursday, a day after the apparel retailer posted flat same-stores sales for November and warned sales trends could worsen further during the rest of the holiday season.
The U.S. plan for the emerging field of nanotechnology lacks vision, fails to assess risk and leaves the industry vulnerable to public mistrust, the National Research Council said in a report released on Wednesday.
Pacific Sunwear of California Inc shareholder NWQ Investment Management Co LLC cut its passive stake in the athletic-clothing retailer to 0.01 percent from 10.87 percent, according to a regulatory filing Nov. 28.
The White House reviewed a Democratic plan on Monday to bail out stricken automakers with up to $15 billion in loans, a bid that would also clear the way for longer-term help if industry meets certain conditions.