News

Libbey to Distribute Reed & Barton Flatware in Foodservice

Reed & Barton

TOLEDO, Ohio-Libbey Glass Inc. will be the licensed distributor of Reed & Barton flatware products to the foodservice industries in the United States, Canada and their territories, effective Jan. 1. “We are extremely pleased that Reed & Barton will be joining the Libbey family,” said Rob A. Bules, vice president, U.S. and Canadian foodservice salesMore »

Last updated: November 20, 2014

Williams-Sonoma Collaborates with Tyler Florence, Ina Garten

Tyler Florence

SAN FRANCISCO-Williams-Sonoma is working with chefs Tyler Florence and Ina Garten on exclusive programs and events that will be employed across the retailer’s many platforms. Williams-Sonoma and The Florence Group together will identify emerging culinary trends and bring customers “new concepts and products” sold exclusively through Williams-Sonoma stores and Tyler Florence Test Kitchen, which isMore »

Last updated: November 20, 2014

Keurig Posts Strong Net Gains for Q4, FY

Keurig Green Mountain

WATERBURY, Vt.-Closing what Brian Kelley, its president and CEO, described as “an exciting year,” Keurig Green Mountain reported fourth-quarter net income of $141.1 million, up 11.1 percent. This brought net income for the fiscal year ending on Sept. 27 to $596.5 million, an increase of 23.4 percent. Kelley said Keurig executed successfully on its strategicMore »

Last updated: November 20, 2014

Spectrum Brands’ Housewares Post Q3, FY Net Gains

Spectrum Brands

MIDDLETON, Wis.-The Global Batteries & Appliances division of Spectrum Brands—which includes the Remington personal-care line and Russell Hobbs small electrics—reported net income of $66 million in Spectrum’s fourth quarter, up 18.3 percent over the fourth quarter of last year. This brought the division’s net income to $256.6 million, up 8 percent, for the fiscal yearMore »

Last updated: November 20, 2014

Gibson To Extend Crock-Pot License With Tools

The Crock-Pot collection

COMMERCE, Calif.-Gibson is expanding its licensed Crock-Pot collection to include tools and gadgets that will debut at the International Home + Housewares Show in March. Versatility is the key feature of the collection, which debuted earlier this year. The existing cookware and bakeware products can be used on the stovetop and in ovens, as wellMore »

Last updated: November 20, 2014

Target Q3 Net Gains; U.S. Sales Top Company Estimates

Target storefront

MINNEAPOLIS-With sales in its U.S. stores outperforming the company’s expectations, Target’s third-quarter net income moved up 3.2 percent to $352 million. Total net sales in the quarter, which ended on Nov. 1, were up 2.7 percent. Sales in the U.S. stores picked up 1.9 percent, including a better-than-expected same-store sales increase of 1.2 percent (Target’sMore »

Last updated: November 19, 2014

Small Appliances Get Bigger at Ambiente

A scene from the Ambiente fair

FRANKFURT, Germany-Ambiente continues to build its range of small electrical appliances, said show organizer Messe Frankfurt. The show, which takes place here Feb. 13-17, will include more exhibitors from this segment than in the previous year. “We are delighted by the continually growing interest in exhibiting small electrical appliances at the fair. As a result,More »

Last updated: November 20, 2014

Lowe’s Q3 Net Climbs 17.2 Percent

lowe's

MOORESVILLE, N.C.-A gain in sales and a watchful eye on expenses helped Lowe’s to a 17.2 percent increase in third-quarter net income, which totaled $585 million. Net sales in the quarter, which ended on Oct. 31, were $13.7 billion, up 5.6 percent and including a pickup of 5.1 percent in same-store sales. “Our employees’ unwaveringMore »

Last updated: November 19, 2014