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.
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.
SodaStream reported strong revenue growth in the third quarter, but the company’s Americas division was nearly flat for the three month period ended September 30.
Overall sales declined in Fiskars’ third quarter, although the company highlighted a strong performance from its Scandinavian Living business.
As the retailer posted a third quarter loss, the Rent-A-Center board of directors has initiated a process to explore strategic and financial alternatives.