The August 19 edition of HOMEWORLD BUSINESS® revealed the 14th annual “People To Watch” in housewares during the next 12 months.
Selected by HomeWorld Business editors, “People To Watch” represents a cross section of a diverse housewares business— from established to newly installed company leaders; from large to small operations, from big-box to specialty retailers; from trade show managers to celebrity endorsers.
The HomeWorld “People To Watch” are in the spotlight not only for how they might impact their respective organizations in the coming months, but also for how they might impact the overall housewares business.
Dave Albert, Spectrum Brands, President, Home & Personal Care Appliances
CREDENTIALS: Named to his current position at Spectrum Brands in early 2019, Dave Albert is no stranger to the company nor the consumer products marketplace. At Spectrum, he has held a variety of executive positions including vp/international with the company’s Hardware & Home Improvement Division and vp/gm of Canada and Asia Pacific. Albert feels this work history along with other positions he has held throughout his career gives him the experience to reinvigorate the division he now oversees.
WHAT TO WATCH: A year ago, Spectrum had the Home & Personal Care Appliance division up for sale. Unable to find a buyer willing to pay an acceptable price, the division today remains a key part of the company. While the division forged ahead with its product development efforts and continued to showcase new products across a host of segments, Spectrum did lose some retail shelf space to competitors. But Albert is confident his division will be able to regain what was lost.
“Appliances is a part of Spectrum Brands and we are committed to the business,” he said. “We will continue to invest in it and make it a larger part of Spectrum Brands.”
Having brands that include Black + Decker, Russell Hobbs, George Foreman and Remington, as well as distribution at a host of key retailers, Albert and his team have a solid foundation from which to build on. One area of focus for Spectrum will be engagement with the end-user as part of its product development efforts. “We will be focusing on getting back to consumer insights in a big way,” he said. “We need to do a better job capturing insights and category trends direct from consumers and use them to design product solutions that we can share with our retail customers to grow the business.”
PERSPECTIVE: While challenges including competition from other suppliers and tariffs face Spectrum Brands, Albert is confident about the future of his division and its ability to rebound and boost sales.
“We have amazing brands, a global presence and a very powerful new product machine,” he said. “When we marry that with consumer insights, it will give us a competitive advantage in the marketplace.”
2020 HomeWorld Business People To Watch (click on name for profile):