Shoplifter of the Month: Undercover perpetrator
Beware the employee impersonator.
A shoplifting suspect who may have impersonated a Lowe’s employee was arrested Oct. 13 after an off-duty police officer became suspicious, according to an article in the Herald-Citizen.
Off-duty police officer Shannon Smith was shopping at a Lowe’s store in Cookeville, Tenn., when she allegedly saw a man take a Paslode cordless nail gun out of the store without paying. She contacted other officers, then watched the suspect leave with another individual in a newer model white Toyota.
Police were able to stop the vehicle based on Smith’s description. An officer allegedly found the nail gun still in its box and five hypodermic syringes. Arrested were the driver, Rainn Wanos Martin, 31, and Brent Lee Hamby, 29, the passenger. Both were cited for shoplifting and for possession of drug paraphernalia.
Lowe’s employees told officers they saw one of the suspects in the store wearing a Lowe’s apron. An employee apron was later found that had been “cut completely in half down the back,” according to the police report.
Tillman appointed to lighting company board
Cree Inc., the Durham, N.C.-based manufacturer of LED lighting products, has elected Robert Tillman to its board of directors. Tillman, 67, is the former president and CEO of Lowe’s. After his retirement from Lowe’s in 2005, he became a member of the board of directors of the Bank of America Corp. until 2009.
Tillman will serve on the compensation committee of Cree’s board of directors, the announcement said.
Cree is a publicly traded company with annual revenues of $867 million. Its products include LED fixtures and bulbs for both the retail and commercial markets and semiconductor solutions for wireless and power applications.
Quarterly sales slip 3.2% at Huttig
Huttig Building Products, the St. Louis-based distributor, reported net sales of $127.2 million for its last fiscal quarter, which ended Sept. 30, a 3.2% decline from sales of $131.4 million in the same period of 2009.
Sales declined in building products but increased in all other product categories in 2010 from 2009, the company reported in an SEC filing. Millwork sales increased approximately 6% in 2010 to $58.4 million. Building product sales decreased approximately 15% in 2010 to $54.9 million. Wood products sales increased approximately 15% to $13.9 million in 2010.
The company posted a net loss of $4.5 million for the three-month period, compared with $1.1 million for the same period a year ago.
On Sept. 30, Huttig amended and restated its existing credit agreement with a four-year, $120 million, asset-based senior secured revolving credit facility, according to the filing.
Huttig is a two-step distributor of lumber, panels, decking, windows, doors, fasteners and other building materials. The company serves 41 states through 27 distribution centers.