Sears finds shelf space for Sheffield
Some 900 mall-based Sears locations are selling tools from the Sheffield hardware line from Mineola, N.Y.-based GreatNeck Tools. Sears has become the first retailer to sell the Sheffield brand.
The Sheffield Hardware collection, which debuted at the 2008 National Hardware Show, includes approximately 60 tools, among them scissors, chisels, planes, pliers and tape measures, ranging in price form about $4.99 to $19.99. According to Sheffield, the price points are 35 percent to 40 percent below competitors.
“Sheffield has always stood for high quality tools at competitive prices,” said Steve Maltese, vp-e-commerce and public relations. “The Sheffield name resonates with consumers and Sears recognizes that. They’ve strategically selected key items to complement their own offerings while expanding their appeal to customers.”
Ferguson opens new Tennessee showroom
Ferguson, one of the leading plumbing and HVAC distributors in North America, has announced the opening of a new branch in Jackson, Tenn. The 4,500-square-foot showroom will sell plumbing fixtures, lighting and appliances.
Ferguson’s parent company, U.K.-based Wolseley, recently announced that it reduced Ferguson’s headcount by 1,110 workers and closed 50 branches during the past quarter, which ended on Oct. 31, 2008. These actions were taken in preparation for expected declines in commercial and industrial construction in the early 2009, the company said.
Ply Gem to shutter plants
Ply Gem Industries, a manufacturer of exterior building materials, has announced its intention to close two window and door manufacturing plants. They are located in Hammonton, N.J. and Phoenix. Approximately 306 employees will be affected.
In a prepared statement, Gary Robinette, Ply Gem’s president and CEO, attributed the decision to market conditions. The Hammonton and Phoenix locations were chosen because of their proximity to other Ply Gem facilities, according to the company.
On Nov. 10, Ply Gem reported third quarter net sales of $342.8 million, a 7.3 percent decrease from the previous year. Net loss before unusual items for the third quarter was $4.1 million, compared to net income of $11.6 million for the third quarter of 2007. Net loss for the past quarter including goodwill impairment, net of taxes was $190.8 million.