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At Pier 1 Imports, double-digit positive comps

BY HBSDEALER Staff

Posting its fifth consecutive quarter in the black, Fort Worth, Texas-based Pier 1 Imports reported third-quarter sales of $353.8 million, up from $327.1 million in the same three months last year.

Comp-store sales for the quarter increased 10.2%.

"With sales and margins exceeding our expectations and the overall leveraging of expenses, we are reporting net income for our fifth consecutive quarter," said Alex W. Smith, president and CEO.

The company posted net income of $21.0 million, down from $38.8 million in the same quarter last year.

Merchandise margins for the first nine months were 58.6% of sales compared with 54.4% of sales in the same period last year.

 

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EPA fines manufacturer for ‘unproven claims’

BY HBSDEALER Staff

The U.S. Environmental Protection Agency has fined Monterey Park, Calif.-based Kinetic Solutions Inc. — doing business as Rabbit Air — $82,400 for allegedly selling unregistered and misbranded pesticides and making unproven claims about their effectiveness.

EPA maintains that Kinetic Solutions Inc. made illegal public health claims for its air purifier branded “Nano Silver Pre filter” and the filter’s ability to control over 650 types of bacteria, a violation of the Federal Insecticide, Fungicide, and Rodenticide Act.  In addition, its air purifiers did not list a valid EPA Establishment Number on the packaging, a federal requirement that helps regulators keep track of where pesticides and devices are produced.

“More and more manufacturers are touting “nano” particles as antimicrobial,” said Jared Blumenfeld, Regional Administrator of EPA’s Pacific Southwest region. “EPA takes unsubstantiated claims very seriously, and as with the case against Kinetic Solutions, we will take action against unregistered products.”

EPA will not register a pesticide until it has been tested to show that it will not pose an unreasonable risk when used according to the directions.

 

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New on the Web: Bonnie’s Outdoor Living

BY HBSDEALER Staff

The e-commerce site Bonnie’s Outdoor Living was recently launched by online entrepreneur Bonnie Wilson.

The Bradshaw, Neb.-based online retailer has an emphasis on outdoor activities, such as camping and boating, and it also offers categories including gardens, grills and bird-related merchandise. The site is linked to Bonnie’s Garden Statues, which has a focus firmly in home, decor and garden.

 

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