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  • Spectrum thinks over repositioning manufacturing

    During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production. 

     

    Responding to a question about the rising costs of wages and freight for overseas small appliance manufacturing, Spectrum Brands CEO David Lumley said: “We are looking at that.”

     

    He added that a first opportunity might be for North America manufacturing — Mexico or the Caribbean.

  • Weather Trends: May 2013

    Following the second warmest retail May in 2012, this year will trend colder, especially across the Eastern half of the nation. Colder temperatures in the East will cause a dip in year-over-year demand for seasonal products like apparel, sun care, cold beverages, lawn and garden supplies, ice cream and fans/air conditioners. May 2013 is setting up to be a more active month for severe weather than last year with the highest risk periods in early May and again during retail week three. Localized demand for chainsaws and other clean-up products will be needed in the South and Midwest.

  • North American new home construction boosts Masco Q1

    Taylor, Mich.-based Masco Corp. reported first-quarter net sales of $1.88 billion, up 3.9% from the same quarter last year.

     

    Net income for the giant manufacturer of home improvement and building products was $47 million, up from $33 million in the prior-year quarter. 

     

  • Report: Mother’s Day spending to be nearly flat

    Los Angeles -- Mother's Day spending will be nearly flat this year as more Americans return to work and have less spare time, according to a new report by market research firm IBISWorld.

    The report forecast a 0.2% rise in purchases on Mother's Day gifts this year over last year, for a total of $17.1 billion.

  • Leslie's Poolmart to grand-open two stores on path to 48

    Phoenix -- Leslie’s Poolmart, parent to Leslie’s Swimming Pool Supplies, said Monday that it will grand-open two stores on May 3, putting the retailer on track toward opening its previously announced 48 new stores between March and May 2013.

    The May 3 grand openings are in Springfield, Pa., and in Oceanside, Calif.

     

  • Smart appliances from Whirlpool

    BENTON HARBOR, Mich. — Global appliance leader Whirlpool Corporation has launched a line of smart appliances with 6th Sense Live technology. 

     

     

    The company’s flagship Whirlpool brand is making smart home management a reality in the Chicagoland area with the release of a suite of smart appliances along with a free mysmartappliances app, which is already available in the iTunes app store.

     

  • North American strengths buoys Electrolux Q1

    Electrolux reported net sales decreased 2% to $25.3 million compared with the same period last year. On an organic basis, adjusted for acquisitions, divestments and changes in exchange rates, sales increased 3.8% compared with the same period last year.

     

  • Duck brand assembles with The Avengers

    AVON, Ohio — Duck brand Duck Tape is joining forces with Marvel superheroes the Avengers. The Avengers Duck Tape features Captain America, Thor, Hulk and Iron Man. 

     

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