Web Exclusive: Yoga pants trend turning into $30 billion dollar business

Web Exclusive

(CBS) - It might be time to toss the old sweat pants. Workout clothes for women are now a $30 plus billion dollar a year business. That's up 7 percent over last year.
Yoga pants, and sports bras have replaced sweats and spandex as part of a growing "active lifestyle" category. Top designers like Calvin Klein, are releasing their own lines of work-out wear to compete with popular chains like Lululemon and Athleta.  
Business appears to be booming at high-end jeweler Tiffany and Co. Its third quarter net income climbed 50% thanks to strong demand from customers in the Asia pacific region. Profits and sales blew past wall street's estimates and tiffany offered a bright profit outlook for the full year.
The Food and Drug Administration is ordering the genetic testing company "23-and-Me" to stop selling its personalized DNA kit. "23-and-Me" claims its kit can identify health risks for more than 250 diseases. But the FDA argues the Silicon Valley company has failed to show the technology is backed by science.  

Nissan carried out its first test of a driverless car on a public highway in Japan. The electric vehicle operated on its own, including steering, braking and accelerating. The goal is to have the vehicle on the market by in the next 5 to 6 years.


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