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General rolls out Multi-Pro Screwdrivers

BY HBSDEALER Staff

A retractable in-handle bit cartridge is just one of the selling features of General Tools & Instruments’ new Multi-Pro Screwdrivers.

The made-in-USA products offer convenient bit storage, selection and changeover. Additionally, the Palm Saver Cap is described as “the largest cap surface in the hand tools industry. It remains stationary while turning the driver handle."

A free merchandising display rack is available to retailers. The display holds 20 drivers and features high visual impact signage. It takes up less than 1 sq. ft. of counter space or can be wall-mounted with the included peg board adapter.

Three versions offer a variety of bits: Standard, Tamperproof and HVAC.

New York City-based General Tools will exhibit at the National Hardware Show May 6-8 at booth 6240.  

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Newell Rubbermaid buckles down in Q1

BY HBSDEALER Staff

Dealing with the adverse impacts of a harness buckle recall on some of its car seats and the weather-related slowdown in its home business, Newell Rubbermaid sales slipped 0.7% in the first quarter to $1.23 billion. 

“Strong core sales growth in Writing offset declines in Home Solutions and Baby, yielding normalized earnings per share of $0.35, flat with last year’s results,” said Michael Polk, CEO. 

Net income declined 2.4% to $52.9 million. 

Tools segment net sales were $187.8 million, a 0.4% decline compared with the prior year. Core sales increased 2.4% driven by strong volume and share growth on Lenox in North America and Irwin in Europe.

Polk expects “the company’s core sales and earnings per share growth to accelerate through the balance of the year as we significantly increase advertising and promotion investment levels in support of our brands and innovation.”

The company’s long list of consumer brands includes Sharpie, Paper Mate, Irwin, Lenox, Rubbermaid, Levolor and more.

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HCN Stock Watch: Lumber Liquidators posts gains

BY HBSDEALER Staff

Lumber Liquidators posted the biggest gain at the close of Thurday, with +2.16%. The other 29 stocks showed little movement in either direction.

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