Lifetime Brands sees Q4 sales rise
Lifetime Brands, maker of houseware and kitchen products under such brands as Kitchenaid, Farberware and Cuisineart, reported that consolidated net sales for the fourth quarter were $154.8 million, an increase of 12.5%, compared with consolidated net sales of $137.6 million in the fourth quarter of 2011.
Net income was $15.2 million in the 2012 period, compared with $5.4 million in the prior-year period.
Consolidated net sales for the year were $486.8 million, an increase of 9.5%, compared with consolidated net sales of $444.4 million for 2011.
Net income was $20.9 million in 2012, as compared with $14.1 million in 2011.
Jeffrey Siegel, Lifetime’s chairman, president and CEO commented, “Lifetime finished 2012 on a very positive note. For the quarter, consolidated net sales increased 12.5% on an actual basis and 8.6% on an organic basis. During the quarter, we acquired the business and assets of Fred & Friends, a line of innovative products featuring fun kitchen tools, tabletop accessories, party goods and giftware products."
Thermador bolsters its one-two-free promotion
Irvine, Calif.-based Thermador opened up its One, Two, Free promotion to include its fleet of Thermador ranges.
The 2013 One, Two, Free promotion offers two qualifying purchase package options for the ultimate culinary kitchen upgrade:
The deal has two options for consumers:
• Buy any professional range or buy any cooktop or rangetop and double or triple combination oven and get a free Emerald Dishwasher ($1,549 value).
• Buy a Pro Grand Steam range OR buy any cooktop, rangetop and any double or triple combination oven and steam/convection oven and get a free Sapphire Dishwasher ($1,899 value).
The 30-in. professional range was not previously included in the company’s One, Two, Free program.
“Since its debut in 2008, Thermador’s One, Two, Free promotion has given culinary enthusiasts unmatched savings opportunities while helping them create the kitchens of their dreams,” said Zach Elkin, director, brand marketing of Thermador. “Opening up our program to include the entire fleet of Thermador ranges — as well as the ongoing opportunity to save up to $6,097 — gives home cooks an array of cooking appliance options regardless of their kitchen size.”
Thermador will support its 2013 program with new point-of-sale materials and other on-floor collateral throughout the year.
Retail group encouraged by sales data
As the Retail Industry Leaders Association (RILA) sees it, the figures released Wednesday by the U.S. Department of Commerce exceeded expectations despite headwinds caused by extreme weather in the Northeast and a continued adjustment to higher payroll taxes.
Monthly retail sales figures for February totaled $421.4 billion, an increase of 1.1% over the previous month, and 4.6% over February 2012.
“While gasoline prices helped lift the overall sales in February, core retail sales were also strong and demonstrate the resilience of consumers in a slowly recovering economy,” said RILA president Sandy Kennedy. “Recognizing the continued challenges consumers face, retailers remain nimble, adjusting marketing, promotions and product assortments to earn their share of consumer spending.”
In addition to gasoline sales, home improvement and grocery retailers saw substantial gains in February, while sales at department stores, sporting goods retailers and home furnishing retailers slipped over the previous month.
The February retail sales gains come as retailers draw closer to action on federal legislation to level the playing field between Main Street retailers and their online-only competitors. Non-store retailers were up 1.6% from January 2013 and 15.7% February of last year.
RILA said: “Many continue to exploit a loophole that allows them to avoid collecting the state sales tax due on every sale made.” According to RILA, this special treatment gives them a perceived price advantage over brick-and-mortar stores, in some states as high as 10%.