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LBL Lighting hires regional manager

BY HBSDealer Staff

Chicago-based LBL Lighting hired Jeremy Friedman as Midwest regional sales manager. 

He joins Generation Brands, the parent company of LBL Lighting, with more than 10 years experience in marketing sales and business development.

"We created the incremental role of a third regional sales manager to provide an increasingly focused, concentrated service to our reps, and Jeremy is well qualified to help them with the knowledge and toos to service our mutual customers," siad Steve Hurley, LBL Lighting VP.

Michael Howell remains LBL’s Western sales manager, and Kip Windham continues as the brand’s Eastern sales manager.

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HCN Stock Watch: Marginal gains

BY HBSDEALER Staff

The Dow and Nasdaq were both up by less than 1% at Thursday’s close, leaving HCN Top 30 stocks with similarly negligible upticks.

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Stanley Black & Decker sales increase 12%

BY HBSDEALER Staff

Construction and DIY (CDIY) business performed "admirably" for Stanley Black & Decker during its second quarter. But the real new news, according to President and COO James Loree was "the emergence of solid organic growth in industrial and a growing order book in security."

Stanley posted second quarter revenues of $2.9 billion, an increase of 12%. Net earnings increased to $187.1 million, up 20.1% from the same quarter last year.

In the CDIY segment, Stanley sales increased 9%, as headwinds in the North America outdoor market and a softer Latin America market dissipated, as the company expected. 

"Our DIY business continues to perform admirably due to a confluence of positive factors including favorable U.S. market conditions, share gains derived from new product introductions and revenue synergies, storng supply chain executition driven by Stanley Fulfillment System and growing penetration of emerging markets in connection with our organic growth initiative," said Loree.

Net sales in the industrial segment rose 28%. 

 

 

 

 

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