News

Mixed bag for Newell Rubbermaid in Q2

BY HBSDealer Staff

Newell Rubbermaid, whose brands include Irwin Tools, Lenox and Calphalon in addition to Sharpie and Paper Mate, reported second-quarter net sales of $1.47 billion, up 3.5% from the prior-year quarter.

Net income for the Atlanta-based company was $109.8 million, down 1.8% from the same quarter last year.

The company’s Home Solutions segment net sales were $399.1 million, up 2.0%. The growth was driven by strong results from Rubbermaid and increased distribution of Calphalon. 

Tools segment net sales were down 2.2% to $198.0 million. 

On July 15, the company announced the sale of its Teach platform, bring increased focus to the Newell Rubbermaid portfolio, the company said.

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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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