Robinson Home Products adds to its team
Robinson Home Products, a company whose kitchen-enhancing brands include Oneida, appointed Melissa Gross to the position of business director, tabletop. Gross brings to Robinson Home Products over twenty years of experience in product development, including global manufacturing, sourcing, and buying.
She recently served as the director of product development for Shinola Detroit, LLC. where she was responsible for all sourcing, development, and production of the Shinola branded product, developing merchandising strategies and negotiating final pricing.
Prior to her employment with Shinola, Goss developed product lines for companies such as Springs Global US, Inc., Ralph Lauren Corporation, Williams-Sonoma, Inc., and others, establishing a successful record of sound business judgment, responsibility, and achievement.
Ross Patterson, President, Robinson Home Products, stated:
We welcome and appreciate Melissa's rich experience in brand and product management, both on the vendor side and on the buyer side of our industry,” said Ross Patterson, president, Robinson Home Products. “Melissa comes to us at a pivotal time in Robinson Home Products growth and expansion as we celebrate double-digit growth of our core businesses and enter a time of exciting, new owned-brand launches."
Gross will be based out of the Robinson Home Products, NYC office location.
PPG posts strong Q4 sales
PPG, the paint and coatings manufacturer, reported fourth quarter 2017 net sales of approximately $3.7 billion, up nearly 8% from 2016 net sales of $3.4 billion.
For the full-year 2017, PPG posted net sales from continuing operations of approximately $14.8 billion, up more than 3%, versus sales of $14.3 billion in 2016.
PPG also reported a fourth quarter net income from continuing operations of $184 million, nearly double a net income from continuing operations of $91 million in the fourth quarter 2016. The company’s 2017 full-year reported net income from continuing operations was $1.4 billion, soaring compared to a net income of $547 million in 2016.
Sales in PPG’s performance coatings segment, including consumer house paint, automotive refinishes, and aerospace products, were $2.1 billion during the quarter, up 7% over the prior year. Industrial coatings sales grew 8% to $1.6 billion for the quarter.
“In the fourth quarter, we delivered solid and balanced sales growth in each major region, and both reporting segments achieved at least 2% sales volume growth,” said Michael McGarry, PPG chairman and CEO.
The Pittsburgh-based company also reported that it will spend at least $2.4 billion on acquisitions and share repurchases in 2018.
Starts step back in December
The year of residential construction ended with a dud in December. Housing starts slipped to a seasonally adjusted annual rate of 1,192,000 — down 8.2% from the revised November estimate.
Single-family starts in December were at a pace of 836,000 — down 11.8% from the revised November figure. Single-family building permits were up 1.8%.
Compared to a year ago, December’s rate of total starts were down 6.0%. And for those looking for bright spots from a dreary report, single-family starts increased 3.5% year-over-year.
Despite the variety of declines contained in Thursday morning’s report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the preliminary 12-month total for 2017 housing starts — not the rate, but the actual number — rose to 1,202,000. That’s 2.4% above the 2016 figure of 1,173,800.
On a regional basis, the government data showed the following for December’s SAAR:
Year over year change
- Northeast — down 1.1%
- Midwest — down 19.8%
- South — up 2.8%
- West — up 12.0%
- Northeast — down 4.3%
- Midwest — down 2.2%
- South — down 14.2%
- West — down 0.9%
View the Census data here.