Just weeks after announcing its intent to sell its Global Batteries and Appliances segments, Spectrum Brands has taken its first step to shedding one of those businesses.
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.
Spectrum Brands has been ordered to pay $1.9 million in civil penalties related to defective carafes sold with Black + Decker SpaceMaker coffeemakers.
Spectrum Brands is partnering with China e-commerce giant JD.com to bring several of the former’s brands to the Chinese marketplace.
Spectrum Brands will debut a variety of kitchen electrics under the Black + Decker and George Foreman brands at the upcoming International Home + Housewares Show.
The first quarter net sales at Spectrum Brands Holdings saw a slight decrease of 0.6% to $1.21 billion compared to $1.22 billion in fiscal 2016. Excluding the negative impact of $18.8 million of foreign exchange, organic net sales increased 1% reportedly due to record results in the global batteries and appliance segment and improvements in the small electrics segment.
Fiscal year net sales at Spectrum Brands were up 7.4% as growth in the company’s hardware and home improvement, pet supplies and home and garden segments offset declines in its global batteries and appliances division, which includes small electrics and personal care products.
Third quarter sales at Spectrum Brands on an organic basis were up 3.7% as growth in its home and garden and battery divisions offset sales softness in small appliances and personal care.
Spectrum Brands featured a handful of new kitchen electrics at the company’s annual Holiday Showcase held Wednesday, July 13, in…
It was nearly a year ago that Spectrum Brands CEO Andreas Rouvé took the reigns of the consumer products company…