Recall announced for Ryobi battery pack
The Ryobi Lithium 18 VAh Battery Pack is being recalled by importer One World Technologies of Anderson, S.C.
The battery pack can overheat and burst while on a charger, posing fire and burn hazards to consumers, according to a release from the U.S. Consumer Product Safety Commission.
The product was sold at The Home Depot stores nationwide and in Canada, online at Homedepot.com, and at other retailers from September 2012 to December 2012 for about $99. About 54,200 are in the United States and 2,200 in Canada.
This recall involves Ryobi brand, Lithium 18 V 4Ah battery packs, with model P108 and part number 130429028.
One World Technologies has received four reports of battery packs overheating, resulting in minor property damage. No injuries have been reported.
The product manufacturer is Techtronic Industries (Dongguan) Co. of China.
On the other side of the world, Bunnings posts gains
The Australian home improvement and outdoor living retailer Bunnings posted revenue growth of 5.8% in the first half of the year.
Bunnings competes in Australia with Masters home improvement stores, a joint venture of Lowe’s and Woolworths.
For the six months ended Dec. 31, Bunnings grew its operating revenue by 5.8% to A$4.0 billion (US$4.11 billion). Earnings before interest and tax (EBIT) in the same period were A$518 million (US $531.9 million), equating to an increase of 6.8% over the prior corresponding period.
Total store sales increased 6.0% as comparable-store sales increased 3.4%, the company reported.
"Day-to-day trading outcomes were pleasing and the outlook is promising with further growth expected in consumer and commercial markets," said John Gillam, managing director of the Bunnings Group. "Our focus on value for customers, enhancements to service and services, as well as more merchandising innovation will help drive future growth."
He added that the retailer will accelerate the opening of its large format warehouse stores.
At the end of December 2012, Bunnings operated a network of 211 Bunnings Warehouse stores, 62 smaller-format Bunnings stores and 37 Bunnings Trade Centres across Australia and New Zealand.
Sherwin-Williams hires new ad agency
Sherwin-Williams Paint and Sundries Brands has selected Marcus Thomas to manage digital agency of record responsibilities for its Dutch Boy, Purdy, Krylon and Pratt & Lambert brands.
The group of brands opened a competition for the business in the fourth quarter of 2012. Marcus Thomas was selected from a group of five agencies in competition for the business.
Diversified Brands’ director of brand marketing Patricia Macko said Marcus Thomas demonstrates a deep understanding of the home improvement and professional decorator category. “Marcus Thomas’ ideas for new mobile and social programs proved to be outstanding, and we’re looking forward to working with them as we leverage new engagement points with our consumers and professional customers,” Macko said.