Housewares

MSLO Q3 Net Loss Rises as Revenues Spiral Downward

MSLO

NEW YORK-The third-quarter net loss for Martha Stewart Living Omnimedia (MSLO) widened to $10.9 million from $4.3 million in last year’s third quarter, as revenues from all three business segments fell. Total net revenues in the quarter, which ended on Sept. 30, were $29.8 million, down 11.9 percent. Merchandising revenues (which include the company’s homeMore »

Last updated: October 28, 2014

Winter NY Now to Locate Entirely in Javits Center

NY Now

WHITE PLAINS, N.Y.-The upcoming winter edition of NY Now will take place entirely in the Jacob K. Javits Convention Center in New York City, with the NY Now New! collection and Artisan Resource moving from Passenger Ship Terminal Pier 94 to the Javits Center. Along with moving these sections to the Javits Center, Emerald Expositions,More »

Last updated: October 24, 2014

Newell Completes bubba Acquisition

Newell Rubbermaid

ATLANTA-Newell Rubbermaid (NYSE: NWL) has closed its acquisition of bubba brands, the drinkware manufacturer that had been owned by In Zone Holdings. The purchase price was $83 million. bubba brands is expected to deliver more than $50 million in net sales this year. Michael Polk, Newell’s president and CEO, said, “We look forward to leveragingMore »

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

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

Electrolux Net Grows 42 Percent in Q3

Electrolux

STOCKHOLM-Thanks to overall good market conditions throughout the world, Electrolux delivered a 42 percent jump in third-quarter net income, to SEK933 million (about $128.6 million, based on average currency values during the quarter). Net sales in the quarter, which ended on Sept. 30, came in at SEK28.8 billion (about $4 billion), increasing 6 percent. InMore »

Last updated: October 20, 2014

Newell Rubbermaid to Acquire Beverageware Maker Bubba

Newell Rubbermaid

ATLANTA–Newell Rubbermaid (NYSE:NWL) has signed a definitive agreement to acquire bubba brands, maker of durable beverage containers. Terms of the agreement were not disclosed. The acquisition will expand Newell Rubbermaid’s presence in on-the-go thermal and hydration beverageware. The company recently acquired the Contigo and Avex brands from Ignite Holdings, maker of thermal and hydration products.More »

Last updated: October 17, 2014