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Industry Dashboard for May 20, 2013

BY HBSDEALER Staff

Even though housing starts retreated in April, the Home Channel Stock Roundup shows nothing put gainers for the month and the year.

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Caesarstone signs exclusive deal with IKEA US

BY HBSDealer Staff

Menashe, Israel-based Caesarstone Sdot-Yam, manufacturer of engineered quartz surfaces, announced that it has entered into an agreement with IKEA US as the exclusive non-laminate countertop vendor. 

Caesarstone will source, finish and distribute countertop products, including mainly Caesarstone quartz surfaces as well as other materials. 

“We are excited to begin this important relationship with one of the world’s great retailers,” said Yosef Shiran, CEO of Caesarstone. “IKEA has been a driving force in bringing great modern design and tremendous value to a wide range of consumers around the world, particularly through their customized kitchen and bath product lines."

According to the announcement, Caesarstone’s four collections of products — Classico, Supremo, Motivo and Concetto — are available in more than 40 countries around the world.

 

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Optimus recalls portable electric heaters

BY HBSDealer Staff

Optimus Enterprises of Anaheim, Calif., announced a recall Portable Infrared Radiant Quartz Electric Space Heaters due to a fire hazard.

The recall affects some 355,000 units that were sold at Northern Tool, Best Buy Market Place, Family Dollar, Heartland, Rite Aid and other stores nationwide and online at Amazon.com, ebay.com and Walmart.com from October 2011 through December 2012 for between $25 and $30.

The heater design can fail to prevent ignition of nearby combustible materials that come in contact with the unit, posing a fire hazard to the consumer. No incidents or injuries have been reported. 

The product was manufactured in China by Dongguang Hong-Hwa Electric Co., according to the recall announcement.

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