Fourth quarter net sales at Spectrum Brands were up 5.8% as the company reported strength in its home and garden as well as hardware and home improvement businesses.
Author Greg Sleter
Nearly 7 in 10 Americans said they are planning to or considering shopping over the Thanksgiving holiday weekend, according to a survey from the National Retail Federation.
J.C. Penney’s third quarter comparable store sales came in above its own forecast as the department store retailer cited home products as among the top performers in the three month period ended October 28.
The move by retailers to close stores and reduce inventory levels had a negative impact on third quarter results at Lifetime Brands, company officials said.
Sears Holdings is closing an additional 63 stores that includes 45 Kmart locations and 18 Sears stores.
Third quarter revenue at Hamilton Beach was down as company officials pinned the decrease on sales volumes in the United States mainly attributable to the timing of shipments.