Plastic packaging hurt by oil prices
According to an article in the New York Times, Home Depot’s executive VP merchandising Craig Menear is among those encouraging alternatives to expensive plastic packages.
Plastic packaging known as clamshells — the kind that usually require cutting tools to open — are being affected by the price of oil. The article reports Wal-Mart has pledged to reduce its packaging by 5% in the five years ending 2013.
At Home Depot, Menear said most of the Atlanta-based retailers are working on ways to cut costs and waste from packaging, the article reported.
While plastic packaging is unfriendly to the environment, it has been described as an effective deterrent to shoplifting.
Home Depot extends dividend streak
As The Home Depot holds its annual shareholders meeting today, it announced its 97th consecutive cash dividend.
The company announced that its board of directors declared a first-quarter cash dividend of 25 cents per share. The dividend is payable on June 30 to shareholders of record on the close of business on June 16. The dividend — the same amount it paid last quarter — marks the 97th consecutive quarter Home Depot has paid a cash dividend.
The company’s shareholders meeting takes place today at the Cobb Galleria Centre in Atlanta.
Reliance Worldwide expands support for SharkBite and Cash Acme
Reliance Worldwide has added two regional sales managers to support the continued growth of its SharkBite and Cash Acme plumbing product brands.
Industry veteran Mark Kleinhenz was named as northeast regional sales manager. Kleinhenz joins Reliance from Connecticut-based distributor Plimpton & Hills Corp., and previously he served with Banco America.
Brian Clark will serve as western regional sales manager, following an extensive background that includes Kohler Co. and Husqvarna.
The new positions are part of a strategic effort by Reliance to expand its customer support network.