Koelnmesse aims for India
Another trade fair has been added to the Koelnmesse lineup of international events revolving around hardware and tools, this time in New Delhi.
The inaugural India International Hardware Show is slated for Oct. 28 to 30, 2009. The event, described as a one-stop-shop for tools, security, locks and fittings, home improvement and DIY, will offer companies an avenue to reach the developing market in India.
“India is the second largest country and has tremendous growth potential,” Mette Peterson, president and managing director of Koelnmesse, told HCN.com. “It has a well-educated and English-speaking population. Those are the main reasons for selecting India. We are looking to expand internationally like everyone else, and interest in India is growing.”
The India event will launch on a much smaller scale — approximately 160 international and domestic exhibitors are expected, along with about 4,000 visitors.
Koelnemesse is also looking forward to the China International Hardware Show slated for Shanghai Sept. 16 to 18, 2009. Some 1,948 exhibitors are forecast for China, along with nearly 40,000 trade visitors.
Sales dip, profits rise at Central Garden & Pet
Central Garden & Pet, a leading supplier of seeds, pottery, insecticides and other outdoor living products, reported net sales of $476 million for the second quarter of 2009, a decline of 2% from $485 million in the same quarter last year. Net income for the quarter, which ended on March 29, 2009, was $33 million, compared with $20.4 million in the second quarter of 2008, a 62% increase.
Second-quarter net sales for the garden products segment $248 million, a 2% decrease from $254 million in sales in the comparable period last year. Operating income for the garden segment was $36.7 million during the quarter versus $26.1 million a year ago. This reflects a 41% rise in profits.
Based in Walnut Creek, Calif., Central Garden & Pet is a supplier of lawn, garden and pet products under a variety of brands, including Pennington, Kaytee, Amdro, Sevin, Ironite, Norcal and New England Pottery.
True Value releases first-quarter results
True Value, the Chicago-based co-op, has reported revenues of $442.9 million, a decrease of 4.7% from $464.7 million for the same period a year ago.
Net margin for the quarter, which ended April 4, 2009, was $11.2 million, an increase of 115% over $5.2 million a year ago.
The economic recession has impacted the company’s financial results, True Value said in a statement. “We are well positioned to capitalize on the spring selling season, generating additional sales momentum from an expanded promotional campaign,” said president and CEO Lyle Heidemann. “Weather has improved in many areas of the country over the last few weeks, and our lawn and garden sales have responded, running well up over last year.”
True Value members operate more than 5,400 independent retailer locations. Sales in 2008 were $2.8 billion, according to the company.