Tag Archives: Farberware

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Last updated: August 14, 2014

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

Last updated: May 15, 2014

Spectrum Global Batteries & Appliances Boosts Q2 Profit by 6.8 Percent

Spectrum Brands

MIDDLETON, Wis.-Spectrum Brands Holdings’ Global Batteries & Appliances segment, parent of its personal-care and small-electrics lines, posted a 6.8 percent gain in second-quarter segment profit, which totaled $44.2 million. Net sales for the quarter, which ended on March 30, reached $480.9 million, up 2.6 percent from last year’s second quarter. Net sales of the segment’sMore »

Last updated: May 7, 2014

Polistina to Leave as Head of Spectrum Global Appliances

Spectrum

MADISON, Wis.-Terry Polistina, president of the global appliances division of Spectrum Brands, will exit his post effective Sept. 30, but will continue to serve on the company’s board of directors. When Spectrum completed its acquisition of Russell Hobbs—parent of the Black & Decker, George Foreman, Farberware, Toastmaster and Juiceman small-electrics brands—in June 2010, Polistina, thenMore »

Last updated: September 17, 2013

Cambridge Silversmiths Acquires Thirstystone

Cambridge Silversmiths

PINE BROOK, N.J.–Flatware maker Cambridge Silversmiths has acquired Thirstystone Resources, a manufacturer of coasters and decorative home entertainment products, for an undisclosed amount. Thirstystone will continue to function independently from its Gainesville, Texas headquarters as a separate division of Cambridge Silversmiths. Roger Freeman, founder and owner of Cambridge, said, “I am extremely enthusiastic about thisMore »

Last updated: September 16, 2013