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Newell Rubbermaid posts declines in Q2
Newell Rubbermaid’s net sales declined 1.9% to $1.52 billion in the second quarter ended June 30. Net income declined 23.8% to $111.8 million. But those declines didn’t prevent CEO Michael Polk from looking at the bright side and pointing to momentum.
Core sales, which exclude the impact of changes in foreign currency translation, grew by 0.4%. And net sales for the first six months were $2.85 billion, up 1.0 % from the first-half results last year.
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Schimenti Construction to build Buybuy Baby in Fashion Center, Paramus, N.J.
Ridgefield, Conn. -- Schimenti Construction has announced that it has been selected to build a new Buybuy Baby in the Fashion Center, Paramus, N.J. The 53,028-sq.-ft. store will be on the third floor of the shopping mall.
Designed by Greenberg Farrow Architecture, Arlington Heights, Ill., the store will present a construction challenge in that is has very limited accessibility for bringing in required construction materials.