Housewares

Lifetime Brands Q2 Net Loss Hits $3.2 Million

Lifetime Brands

GARDEN CITY, N.Y.-Lower gross margin and increased expenses led Lifetime Brands to a second-quarter net loss of $3.2 million, compared to a net loss of $568,000 in the second quarter of last year. Gross margin in the quarter, which ended on June 30, was down 207 basis points to 35.42 percent—the result, according to LifetimeMore »

Last updated: August 5, 2014

Newell Rubbermaid Q2 Net Climbs 37.2 Percent

Newell Rubbermaid

ATLANTA-In what Michael Polk, president and CEO, described as “very strong second-quarter results across all key metrics,” Newell Rubbermaid posted second-quarter net income of $150.6 million, up 37.2 percent from the second quarter of last year. Net sales in the quarter, which ended on June 30, gained 3.1 percent to finish at $1.5 billion. TheMore »

Last updated: July 31, 2014

Hamilton Beach Q2 Net Drops 31.5 Percent

Hamilton Beach

CLEVELAND-Even though sales moved up during the quarter, the Hamilton Beach brand posted a 31.5 percent decline in second-quarter net income, which totaled $1.4 million. Net sales for the small electrics label, a subsidiary of NACCO Industries, were $118.4 million, up 3.3 percent, for the quarter ending on June 30. The gain resulted primarily fromMore »

Last updated: July 31, 2014

EveryWare Gets Investment from Monomoy, Amends Credit Agreements

EveryWare Global

LANCASTER, Ohio-Monomoy Capital Partners, an investment firm, has agreed to invest $20 million in EveryWare Global, which has also amended its term loan agreement and asset-based lending (ABL) facility. The investment is in return for EveryWare’s series A senior redeemable preferred stock, with a liquidation preference of $21.2 million and warrants to purchase 4,438,005 sharesMore »

Last updated: July 31, 2014

Typhoon to Distribute Kilner, Price & Kensington

typhoonlogoWEB

NEW YORK–Typhoon Homewares will now distribute sister brands Kilner and Price & Kensington, in addition to Typhoon and Mason Cash, in the U.S. It will showcase all four brands together for the first time at NY Now in August. Parent company The Rayware Group said the move demonstrates its focus on building its U.S. operationMore »

Last updated: July 31, 2014

Gibson’s Peanuts Party

Peanuts product

COMMERCE, Calif.–Gibson said it is prepared for the fall 2015 release of a new Peanuts 3D movie with a wide assortment of licensed tabletop and housewares goods. Collections include Feelin’ Groovy, Festive Sketch and Peanuts Words as well as “bold new interpretations” of Peanuts artist Charles Schulz’s characters in tabletop, hydration, serveware and other categories.More »

Last updated: August 12, 2014

MSLO Posts First Q2 Profit Since 2008

MSLO

NEW YORK-For the first time in six years, Martha Stewart Living Omnimedia (MSLO) reported net income in a second quarter, posting $1.8 million in the quarter ending on June 30. Dan Dienst, MSLO’s CEO, said the black bottom line owed to the company’s focus on managing expenses “without in any way sacrificing our high-quality contentMore »

Last updated: July 30, 2014

Spectrum Appliance-Unit Q3 Profit Climbs

Spectrum Brands

MIDDLETON, Wis.-Increased sales of personal-care products and batteries helped boost net income for Spectrum Brands’ Global Batteries and Appliances Unit by 9.4 percent, to $49.1 million, in the company’s fiscal third quarter ending on June 29. Net sales in the global personal-care product category (represented by the Remington brand) edged up 1.8 percent in theMore »

Last updated: July 30, 2014