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Lowe’s creates credit card incentive

BY HBSDEALER Staff

Customers paying with their Lowe’s Consumer Credit Card receive an immediate discount of 5% on in-stock and special order purchases bought in stores or online at lowes.com, Lowe’s said.

Customers with single-receipt purchases of $299 or more can choose between the 5% discount or special financing currently advertised.

Some fine print applies to the deal, described by the retailer as a "new, simple way to save every day." The special financing and 5% discount can’t be combined. The offer isn’t valid on previous sales, purchases of services or gift cards and can’t be used in conjunction with any coupon, military discount, employee discount or Lowe’s low price guarantee.

The Lowe’s Consumer Credit Card is issued by GE Money Bank.

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Newell Rubbermaid Q1 earnings up 23%

BY HBSDEALER Staff

With its international business leading the way, Atlanta-based Newell Rubbermaid announced first quarter sales of $1.303 billion, down slightly from $1.306 billion in the same quarter last year.

Net income for the quarter was $75.7 million, up 23.4% from $58.4 million in the year-ago quarter.

With these numbers, Mark Ketchum, president and CEO said the year was off to a good start. “We remain confident in our ability to meet our full year guidance of 4% to 5% core sales growth, gross margin expansion of 50 to 75 basis points and normalized EPS growth of 10% to 12%," he said. "Our international businesses led the way, building on already strong momentum, with core sales growth of almost 5%. Developing markets, where we have substantially increased our focus and investment, grew double digits in the first quarter.”

Special mention was given to Irwin’s GrooveLock Pliers, which showed strong momentum, Ketchum said. At Lenox, an innovative hole saw with a slotted design for easy plug removal is expected to boost sales in the second quarter.

Other Newell Rubbermaid brands include Sharpie, Graco, Levolor and Paper Mate.

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Behr recognized by Greenguard

BY HBSDEALER Staff

Behr Process Corp. announced that two of its paint lines meet guidelines of the Greenguard Environmental Institute (GEI). Behr’s recently certified products include all Behr Premium Plus and Premium Plus Ultra interior paints, including the Behr Premium Plus interior/exterior high-gloss series.

"Behr is proud to offer high-quality, environmentally-safe professional products," said Joe Richardson, senior VP of professional products and services for Behr Process Corp. "With this certification, our customers can be assured that their clients will have healthier indoor air quality in their home or business environments."

According to the U.S. Environmental Protection Agency, The America Lung Association, and the World Health Organization, indoor pollution is one of the greatest risks to human health. Behr’s certified low-chemical emissions products meet both Greenguard Indoor Air Quality and Greenguard Children & Schools standards, helping minimize the release of indoor pollutants into the air, and creating healthier living environments. Both certification programs ensure that products designed for use indoors, including spaces where children often reside, meet strict chemical emissions limits.

Behr is a subsidiary of Masco Corp.

 

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