Lifetime Brands Q4 income declines
Lifetime Brands reported fourth-quarter net income was $5.4 million, compared with $13.9 million in the prior-year period. Consolidated net sales for the quarter ended Dec. 31, 2011, totaled $137.6 million, down 3.5% from consolidated net sales of $142.6 million in the fourth quarter of 2010.
For the year ended Dec. 31, 2011, net income was $14.1 million, compared with $20.3 million in 2010. Consolidated net sales were $444.4 million, up 0.3% from consolidated net sales of $443.2 million for 2010.
"Despite the company’s financial results trailing those of the prior year, I am proud of Lifetime’s achievements in 2011,” said Jeffrey Siegel, Lifetime’s chairman, president and CEO. “In 2011, we made several important investments that will accelerate our growth by broadening our product base and diversifying our geographic base. In January, we formed Housewares Corporation of Asia Limited, a Hong Kong-based joint venture that supplies direct import kitchenware programs to retailers in North, Central and South America.
"In November, we acquired Creative Tops Holdings Limited, a leading UK supplier of private-label and branded tableware and kitchenware products. In addition, in February 2012, we announced that we had entered into a joint venture to market Mikasa branded dinnerware, glassware and giftware products in China.“
No comments found
Sears closure count increases, including 10 hardware stores
According to an article in the Chicago Tribune, the closing of 43 Sears hometown dealer stores and 10 Sears Hardware stores are planned for the first half of 2012.
The latest revelation on Sears’ plans to cut its expenses and transform its business came from its annual report, which was released late Wednesday.
In a filing, Sears said: “We will continue to invest in our online properties. By integrating our vast store network with our online properties, we believe that Sears Holdings will succeed in the rapidly evolving retail environment. The Web and mobile platforms integrate shopping and marketing in a very different way than stores and traditional media have in the past.”
At the end of 2011, Sears has 2,172 Kmart and domestic full-line stores and 1,338 specialty retail stores in the United States operating through Kmart and Sears, and 500 full-line and specialty retail stores in Canada operating through Sears Canada, a 95%-owned subsidiary. The company said it plans to close 173 stores and change the format of eight stores in the first half of 2012.
This post has helped me to
This post has helped me to have another perspective. I am researching this topic for a paper I am writing. Your article provided me great insight of my topic. John
This article has some great
This article has some great and useful information about this subject. Thank you for sharing it in an easy to read and understandable format. corporate team building training
Estetik cerrahi vücudun
Estetik cerrahi vücudun birçok bölgesinde gerçekleştirilebilir, örneğin yüz, göğüs ve karın. tamponsuz burun estetiği Günümüzde estetik ameliyat olmak utanılacak bir şey değildir. Aksine hem tıp alanında oluşan gelişmeler, hem de tüm dünyada insanların yaşam standartlarının yükselmesine bağlı olarak güzellik kavramının estetik cerrahi plastik cerrahi içinde bir yan daldır. plastik cerrahi , Estetik cerrahi vücut imajının daha güzel ve mükemmele ulaştırılmasını sağlamak için yapılan ameliyat ve girişimlerle uğraşır. Burada tıbbi bir problemden çok estetik problemler söz konusudur.
sears had the writing on the
sears had the writing on the all, and today best buy just announced more of the same. Thanks for writing this, regards, video production
Sears loses another appliance merchant
Dev Mukherjee, president of the home appliances business at Sears for the past 16 months, has departed the company, according to an article in the Chicago Tribune. A replacement will be named “in a few weeks,” according to a Sears spokesman.
Mukherjee is the third head appliance merchant to leave Sears in four years, according to the newspaper. He joined the company in 2007 as senior VP innovation before being named as president of toys and seasonal business in 2009. Mukherjee is a former marketing executive at Microsoft Corp. and IBM.
No comments found