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Creekvine Designs promotes “quick ship” programs

BY HBSDEALER Staff

The designer of outdoor furnishings, structures and accessories says its made-in-the-USA business model could help keep product flowing.

Recognizing that casual retailers’ inventories are currently at a low point, Pittsburgh, Pa.-based Creekvine Designs is poised to provide quick and drop ship services for their extensive American-Made product line. 

The company announced its drop ship and quick ship capabilities to fill in-season order requests. 

 "The state of the economy has created a situation in which many retailers can no longer manage large inventories or large warehouse space," said Tim McTighe, owner, Creekvine Designs. "As the majority of our products are manufactured right here in Pennsylvania, we are able to fill orders quickly and take the burden off the retailer."

McTighe, added that the Creekvine Designs warehouse is designed to accommodate large orders, or one-offs.

 

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Slight dip in sales at Owens Corning

BY HBSDEALER Staff

Owens Corning has reported net sales of $1.24 billion for its first fiscal quarter of 2011, a 2% decrease from sales of $1.27 billion in the first quarter of 2010. 

First-quarter 2011 net earnings were $24 million, compared with net earnings of $48 million a year ago. 

In composites, net sales increased during the first quarter of 2011 compared to the same period in 2010.  More than half of the increase in net sales was the result of higher selling prices during the quarter.

Net sales in the building materials segment were lower in the first quarter of 2011 compared with the same period in 2010.  Most of this decrease was related to lower sales volumes within the roofing business. Sales were also negatively impacted by the fourth-quarter 2010 divestiture of the North American masonry products business and lower sales in the insulation business.

In the roofing business, lower shingle volumes accounted for approximately three-fourths of the decrease in net sales during the quarter. Insulation showed lower net sales in the first quarter of 2011 than in the same period in 2010 due to lower sales volumes that were partially offset by higher selling prices. Lower sales volumes continue to persist given the current state of the U.S. housing market. Pricing actions taken in the United States in the second half of 2010 resulted in higher selling prices in the first quarter 2011 as compared to the first quarter of 2010.  

"Owens Corning delivered profit in line with our expectations for the first quarter driven by continued strong performance in the composites and roofing businesses," said chairman and CEO Mike Thaman. The company made investments to expand its composites capacity and convert insulation facilities to produce its new EcoTouch insulation product, according to Thaman. 

“We expect that these investments — combined with improving economic conditions and our recent pricing actions — will improve profitability throughout the balance of the year," Thaman said.

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Attendance climbs at stair industry event

BY HBSDEALER Staff

The Stairway Manufacturers’ Association’s (SMA’s) annual conference in Charlotte, N.C., attracted 20% more attendees than last year’s event in St. Louis, the SMA announced.

During the conference, the membership ratified a new mission statement: "To be the greatest resource of knowledge and tools contributing to the success of our members and the stair industry." The SMA is currently reviewing its advertising and display policy to determine if less restrictions would be beneficial to its mission.

Also at the event, the 2011 SMA StairCraft Award winners were announced. "Best Curved Stairway" and "Best Stair Part" were awarded to Arcways of Neenah, Wis.; "Best Straight Stairway" was awarded to Seattle Stair and Design of Seattle. StairCraft Award Winners are chosen on the basis of aesthetic value, stair safety, quality, and technical challenge. 

The association will hold a conference in Indianapolis Nov. 11-13. 

 

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