August 11, 2011

The weather is always a popular topic in discussions of retail performance, but it seems this recent quarter has produced a storm of exceptionally intense meteorological commentary.

The following are just some of the examples of CEOs talking about the weather taken from news reports of the past several days:

August 8, 2011

The challenges from unfriendly weather hit Scotts Miracle-Gro hard in the quarter ended July 2, as sales declined 10% to $1.06 billion.

The decline was driven primarily by poor weather across most of the United States throughout the duration of the lawn and garden season, as well as a more competitive promotional landscape and changes in certain retailer strategies within the mass merchandise channel, the Marysville, Ohio-based company said. 

April 2, 2011

Chicago -- Ace Hardware Corp. CEO Ray Griffith pointed to some positive metrics that should give encouragement to hardware retailers in 2011.

Speaking during the opening general session during the Ace Convention & Exhibits here in Chicago, he said across Ace, same-store sales at retail in the month of February were up an impressive 5.8% over last year. Transactions increased "an equally impressive" 3.6%, he said. 

"We have not seen that kind of increase in over 47 months -- not since February 2007," he said.

January 3, 2011

Russell Kennedy retired as president and CEO of ENAP, the New Windsor, N.Y.-based lumber and building material co-operative.

On an interim basis, CFO Steve Sallah will be acting chief operating officer.

Kennedy led the co-op -- the name is an acronym for "Everybody Needs a Profit" -- for the past five years. In a prepared statement, he pointed to his appreciation to and confidence in the current ENAP team.