RPM Coatings purchases Italian company
RPM Performance Coatings Group, a Medina, Ohio, holding company that owns consumer brands Zinsser, Rust-Oleum, DAP and Varathane, has purchased API, an Italian flooring and deck coating business. The purchase price was not disclosed.
Based in Genoa, Italy, API is a $28 million company that produces and installs epoxy and polyurethane flooring systems for the Italian building market. It specializes decking solutions for cruise ships, mega-yachts and naval applications.
"API enhances RPM’s presence in the decorative flooring market and will complement the strengths of our Stonhard and Flowcrete commercial polymer flooring businesses," said Frank Sullivan, RPM chairman and CEO. API will continue to be lead by its current management team, which includes grandsons of the company founder.
RPM International, a holding company, owns subsidiaries in the specialty coatings, sealants, building materials and related industries that serve both industrial and consumer markets.
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Shoplifting sting nets grocery stores, pawn shop
A police operation targeting businesses that allegedly buy stolen merchandise for resale resulted in nine arrests in New Britain, Conn., according to an article in the Hartford Courant.
The owners of four small grocery stores, three store clerks and one pawn shop owner were charged with organized retail theft and other offenses on Aug. 11 after undercover officers and informants offered to sell items provided by the New Britain Home Depot and Target stores to pawn shops and small neighborhood markets. In each case, the person who went into the store told the owner or clerk that the items had been stolen, police said. In one instance, a store owner bought $291 worth of merchandise for $29 in cash.
Police went to all seven pawn shops in New Britain and to all the small neighborhood grocery stores, according to the article. Clerks and owners at most pawn shops and small markets did not want to buy the purportedly stolen goods, according to authorities. "There were plenty of businesses that indicated they wanted to operate within the law, and that’s fantastic," a police spokesman said.
I really like shopping so
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When I worked in Woolworths
When I worked in Woolworths on Saturdays in the 80s, 2 guys came into the store and took ALL the racks of clothes and loaded them into a van outside - which was parked on yellow lines with their hazzards on. No one thought to question them as everyone thought they were employees from the company and were acting on orders to take the stock away. Some days later it became clear that these men were thieves who had stolen the whole clothing range and this is actually huge amount of wageday advance for me! I'll never forget their audacity.
Home Depot’s Q2: The tale of the tape
The Home Depot’s Craig Menear, executive VP merchandising, said the company’s strong 4.3% comp-store sales performance in the second quarter was boosted by outdoor projects, storm-related repairs and steady strength in core departments.
Performance was aided by Home Depot’s improved supply chain and merchandising tools, he said.
"At the end of the first quarter, we chose to carry more inventory to keep our stores fully stocked with seasonal product," Menear told analysts during the company’s earnings-report conference call. "This was the right decision. Improvements in the weather combined with our merchandising tools and enhanced transportation network allowed us to end the first half with inventory turns flat to last year."
Departments that beat the company average comp included building materials, electrical, kitchens, indoor garden, outdoor garden and tools. Comps in lighting were flat, he said, while lumber and millwork showed negative comps for the quarter.
Menear said that market share gains were captured in five of 13 departments in the quarter — flooring, plumbing, electrical, lighting and kitchens.
The heat wave contributed to strength in the company’s "air movement" category — ceiling fans, air conditioners and portable fans showed double-digit positive comps in the quarter, he said.
Menear pointed to a handful of innovative products positioned well for the third quarter. Among them: DeWalt hand tools and its new line of 20-volt lithium ion power tools, Home Decorators Collection faux wood blinds, Martha Stewart Living specialty finishes and Trim & Door paint by Glidden.
Supply chains are the key to
Supply chains are the key to the development of industry worldwide. I have started this business recently, I own a small restaurant, but before opening it I have made a lot of research on the supply chains, restaurant supply store providers, and many other things I should know, like accounting practice and legal regulations. The fact that the supply chain industry is in full growth makes me think I will probably be able to enhance my income in the next few years. More supply agents means more competitive names on the market, which leads to more affordable supplies, isn`t this true?