Readers Respond: Spring employment on the rise
The unemployment rate produced by the bureau of labor statistics is running at a super-low 4.1%. But regardless of the tight labor market, home improvement stores are going to face increased activity in the aisles and in the checkout lanes during the busy spring-selling season.
As they do every year, Home Depot and Lowe’s have announced massive spring hiring sprees. For readers of HBSDealer, there is definite hiring movement at work — 59% plan some type of hiring spree. But the sprees are commonly described as “minor. “
Specifically, HBSDealer posed the question: “The big boxes announced massive spring hiring sprees. What's your spring strategy for human resources?”
Here is the breakdown of responses:
- Minor hiring spree — 43%
- Maintain current staff levels — 36%
- Major hiring spree — 16%
- Actually, we’re reducing staff — 5%
Corian adds ‘Resilience Technology’
The DuPont Corian Design business is pointing to its new manufacturing process called Resilience Technology as the key to an improved version of Corian Solid Surface. The company is also pointing to superior damage forgiveness, easier and quicker stain removal, and less need for maintenance.
Corian Solid Surface with Resilience Technology also is quicker and easier to renew. Its surface looks new for a longer time and is easily maintained by occasional washing with water and a slightly abrasive pad by end-users or homeowners. This gentle washing visibly removes low-level scratches. These superior properties are built into the material and the performance is permanent, lasting for the entire life of the material, the company says.
These improvements aim to further increase the possibilities of Corian Solid Surface in a variety of commercial applications – such as hospitality, education, healthcare, retail, offices and food service – as well as in the residential market.
A patent-pending invention, the Resilience Technology is based on a series of chemistry and process innovations developed by the research and development team of Corian Design. This technology, the company says, acts as an overall enhancer of the performance of all the attributes of Corian Solid Surface.
The four colors of Corian Solid Surface with Resilience Technology are: Summit White, Stratus (a gray tone); Keystone (a color inspired by the look of concrete); Cool Gray (combining small particles of different sizes into a gray matrix).
"In summer 2017, we launched the Make Your Space campaign, marking the beginning of a new era for Corian®. This campaign is materialising in new marketing initiatives, new collaboration opportunities with customers, specifiers and industry, in the development of innovative colors, textures and functionalities. Within such vision, we are now launching the Resilience Technology which will demonstrate once again Corian Design as a superior solution for interior design and architecture, perfectly aligned with our Make Your Space tagline,” said Julie Eaton, global business director, Corian Design.
Masco posts strong Q4
Masco, the home improvement products giant, reported fourth quarter 2017 sales increased more than 6% to $1.87 billion from 2016 fourth quarter sales of $1.76 billion.
For the fourth quarter the Livonia, Mich.-based manufacturer and supplier also reported a net income of $137 million – up more than 30% from a net income of $105 million in the fourth quarter a year ago.
Full-year 2017 sales increased nearly 4% to $7.64 billion from full-year sales of $7.36 billion in 2016. The company reported a full-year net of $618 million, a 24% increase from a 2016 net income of $498 million.
Within Masco’s product segments plumbing product sales rose 9% for the quarter, decorative architectural product sales increased 12%, cabinetry products fell 5% during the period, and windows and specialty products dropped 3%.
“We finished 2017 with a great fourth quarter,” said Keith Allman, Masco president and CEO. “Our plumbing products and decorative architectural products segments delivered strong top- and bottom-line growth. Additionally, we closed on the acquisition of Mercury Plastics, Inc. in our Plumbing Products segment, and reached an agreement to acquire The L.D. Kichler Co.”
Masco’s portfolio of brands include Behr paint, Delta and Hansgrohe faucets and fixtures, KraftMaid and Merillat cabinets, Milgard windows and doors, and Hot Spring spas.