ATLANTA—Sales of Remington-branded products fell by 6 percent in parent Spectrum Brands’ first quarter, falling after posting a whopping 35 percent increase in the fourth quarter of the company’s 2007 fiscal year.
In a Webcast conference call involving financial analysts, Kent Hussey, Spectrum’s chief executive officer, said most of the sales drop occurred in North America, and cited “a lack of retailer promotional support.” International sales of Remington products gained 11 percent for the quarter, thanks to favorable currency translation and increased market share.
