Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

Leggett & Platt Q3 Net Drops 32.4 Percent

Leggett & Platt

CARTHAGE, Mo.-A significant spike in expenses led Leggett & Platt (NYSE: LE) to a downturn of 32.4 percent in its third-quarter net income, which totaled $48.2 million. Selling, general and administrative expenses jumped 53.9 percent in dollars and 344 basis points as a percentage of sales, to 13.2 percent. The rise in costs occurred partlyMore »

Last updated: October 23, 2014

Jarden Q3 Net Balloons as Sales Climb

Jarden

MIAMI-With sales making a double-digit gain, Jarden reported a 14.4 percent increase in third-quarter net income, which totaled $108.6 million. Net sales in the quarter, which ended on Sept. 30, rose 19 percent to $2.1 billion. All of Jarden’s segments contributed to this increase, according to Martin Franklin, the company’s executive chairman, “reflecting the strengthMore »

Last updated: October 23, 2014

Housewares Show Almost Sold Out

IHA_logo_bw

ROSEMONT, Ill.-The International Home + Housewares Show is more than 90 percent sold out, with less than five months to go before its opening day, according to the International Housewares Association, the show’s owner and operator. The show will host more than 2,100 exhibitors from throughout the world, including 400 new companies, IHA said. “WeMore »

Last updated: October 23, 2014

Ethan Allen Q1 Net Jumps 31.5 Percent

Ethan Allen

DANBURY, Conn.-Healthy sales along with stringent expense controls boosted Ethan Allen Interiors’ first-quarter net income by 31.5 percent, to $11.9 million. Net sales in the quarter, which ended on Sept. 30, totaled $190.7 million, up 5 percent from last year’s first quarter. The main driver for the top line came from Ethan Allen’s wholesale segment,More »

Last updated: October 22, 2014

Campbell Upped to QVC EVP

Mary Campbell

WEST CHESTER, Pa.-QVC has promoted Mary Campbell to executive vice president of U.S. commerce platforms. Campbell, who was previously senior vice president of commerce platforms, is now in charge of guiding the strategic direction of the company’s TV, web, mobile, tablet and social media while translating the QVC brand across all. She reports directly toMore »

Last updated: October 22, 2014

iRobot Net Nearly Doubles in Q3

iRobot Posts Loss in Q4; Net Falls 57 Percent for Year

BEDFORD, Mass.-In what Chairman and CEO Colin Angle characterized as an “outstanding third quarter,” iRobot delivered an 87.2 percent gain in net income, which totaled $14.6 million for the period ending on Sept. 27. Revenue in the quarter reached $143.5 million, up 15.3 percent. Much of the fuel for this increase came from the homeMore »

Last updated: October 22, 2014

Mattress Firm Completes Sleep Train Purchase

Mattress Firm

HOUSTON-Mattress Firm (NASDAQ: MFRM) has closed on its acquisition of The Sleep Train, the West Coast-based specialty mattress retailer. The purchase price was $425 million, subject to working capital and other “customary adjustments,” along with the assumption of certain additional liabilities totaling about $15 million, according to a Mattress Firm statement. Sleep Train operates aboutMore »

Last updated: October 21, 2014

Brown Jordan Names MacBeth SVP of Operations

Jeff MacBeth

ST. AUGUSTINE, Fla.-Jeff MacBeth has been promoted to senior vice president of operations at Brown Jordan International, a newly created position for the furniture manufacturer. MacBeth, who was previously vice president of operations, retains his current responsibilities over the daily operations of the company’s Charter Furniture and Winston Furniture Co. He will also handle specialMore »

Last updated: October 21, 2014