site stats
July, 2015 |

Archive for » July, 2015 «

Newell Rubbermaid Extends Earnings Winning Streak; Stock Hits High NWL

Newell Rubbermaid (NYSE:NWL) stock rose to a 16-year high Friday after the company reported strong second-quarter results and raised its full-year earnings guidance.

Earnings per share minus one-time items for the company, the maker of housewares and office products sold under its namesake and Sharpie, Levelor, Paper Mate and other brands, rose 9% to 64 cents, beating estimates by 2 cents.

Newell has topped earnings estimates every quarter for more than two years.

 View Enlarged Image

Revenue grew 2.6% to $1.56 billion in Q2, vs. consensus for $1.54 billion, on strong sales across all five product segments and in all geographic regions.

The Atlanta-based company raised its 2015 EPS guidance to $2.14 to $2.20, up from $2.10 to $2.18. The new midpoint is above Wall Street consensus for $2.16.

Full-year core sales growth guidance was raised to 4%-5% from 3.5%-4.5%. However, that will be offset by ongoing currency impact, the company said, resulting in the overall sales growth rate remaining unchanged from its prior outlook for 3%-4% growth.

President and CEO Michael Polk said that growth came “despite unprecedented foreign exchange pressure on earnings.”

The company guided for 5%-6% negative currency impact on core sales growth, up from its outlook for 4.5%-5.5% earlier.

Newell Rubbermaid shares were up 1% to 43.24 in above-average volume in Friday afternoon trading on the stock market today. The stock hit 44 in the morning, the best in 16 years.

Among peers, Libbey (AMEX:LBY) also announced Q2 financial results Friday.

The maker of tableware, ceramic dinnerware, metal flatware and other household items said Q2 EPS fell 25% to 77 cents, 3 cents better than expected. Revenue slid 4% to $214.1 million, vs. forecasts for $226.5 million. Libbey rose more than 4% intraday.

Highly rated Middleby (NASDAQ:MIDD), which sells appliances under Middleby Marshall, Southbend and other brands, rose less than 1%. Middleby boasts a 94 IBD Composite Rating, meaning it has outperformed 94% of all stocks on key metrics such as sales and profit growth.

Follow James DeTar on Twitter: @IBD_JDeTar.

Category: Dinnerware  Tags: ,  Comments off

Welcome to your True Home

MANILA, Philippines – They say that home is where the heart is. And True Home is where you’re bound to find most everything your heart longs to have in your own home. True Home, of course, is the newest destination for housewares, furnishings, decor, and small kitchen appliances, which opened recently at the 3rd level of Greenbelt 5, Makati.

If you love to cook, you’ll love Jamie Oliver’s six-piece knife set, which includes a 7-1/2-inch chef’s knife, 8-inch carving knife, 8-1/2-inch bread knife, 6-inch utility knife, 4-inch paring knife, and a beech wood block. Imagine whipping up Jamie’s own piri piri chicken with sweet potato wedges or his chargrilled fish kebabs using his cutting-edge razor-sharp knives made of Japanese MoV stainless steel in your own kitchen! But of course, Jamie wouldn’t put his name on a product that does not spell quality — make that excellent quality.

Or picture yourself making tea with Rachael Ray’s curvy whistling teakettle or baking some cheesy lasagna, potato gratin, meat casserole or breads, cakes, and pies on Rachael Ray’s multi-purpose Bubble Brown Oven Ovals Stoneware sets that come in vibrant colors. They’re both functional and decorative — sure to perk up a table setting and warm the hearts of your guests.

True Home carries a houseful of brands that include: Corelle (dinnerware); Mikasa (silverware, plates, serve ware); Pfaltzgraff (dinnerware, kitchen tools); Libbey (glassware, mason jars); Schott Zwiesel (fine glassware); Lipper (beautifully-crafted kitchen gadgets); KitchenAid (multi-tasking mixers); Scanpan (awardwinning Danish cookware); Epicurean and Architec (cutting boards); Cuisinart (small kitchen appliances like coffee makers and food processors); Kassatex (fine linens, luxurious pillows and sheets, which you can find at Neiman Marcus and Bloomingdales); Avanti (towels); Bombay (home accessories, wall decor).

There are assorted knick-knacks from Wallpops Wall Decal, Vidivi and La Mediterranea vases, Umbra frames, and Nextime clocks to brighten up every nondescript nook and cranny of your home.

For the obsessive compulsive neatness freaks, there are the the stainless steel pedal bins, the touch-free Simple Human and Brabantia waste bins that come in eye candy colors — think pink, you’d probably hate to soil or spoil it with your dirty trash.

Urbanites for whom space is a luxury will find a true friend in True Home as it carries smart storage solutions from Elfa, Nexxt, and Sterilite.

“The Elfa storage closet system is really designed for people living in condos — they’re truly space savers and you can change the parts, or the entire configuration, of your closet every now and then,” says True Value general manager Stanley Co. (Yes, True Home is a bigger houseware section of True Value.)

Note that Elfa’s practical closet shelves and Sterilite’s storage containers and drawers can be used in any room in your home, your garage, pantry, or even your office.

 

 

 

Since True Home opened in Makati last May 15 (its first store opened last April at Robinsons Magnolia), people have been buying up assorted products like the very popular Olde Thompson spice racks. (Olde Thompson, a trusted American brand since 1944, helps you organize your spices and keeps them within reach, literally at your fingertips. The spice rack bottles are filled with different spices and they have unique caps with flip lids that allow you to shake and pour the spices.) The day I visited, there was only one set left.

Among the bestsellers, too, are the assorted drinking bottles like Klean Kanteen that my officemates are raving about because it really insulates your cold drink for six hours and your hot drink (tea, coffee or even soup) for 24 hours (just as it promises). “These hydration bottles are very popular among runners as well as school kids who bring them to school and office people who bring them to work,” Stanley points out. “They’re BPA-free and can be used as well by those who are into juicing.”

There are assorted small and big jars where you can store candy, food, or just anything you wouldn’t want lying around the house. “I put screws, hooks, etc. in my jars,” Stanley tells us.

He adds with a smile, “We help you organize your home — and your life. There’s something for everyone here in True Home. For homemakers and homebakers, we have a lot of gadgets that will make their lives easier and more exciting. We have no hardware for guys, but we have something for guys who cook.”

For the shoppers’ convenience, True Home is divided into different product categories: bed bath, kitchen dining, storage, home decor, laundry. “It’s pretty much balanced,” Stanley describes. “We have something for condos and bigger homes. And we’re bringing in more products and opening more stores. We’re members of True Value in the US and by virtue of being a member, we get access to a lot of merchandise they offer and we get a special price.”

Surely, it feels good to be at True Home.

Category: Accessories  Tags: ,  Comments off

Don’t Be Grossed Out, the Bacteria on These Petri Dish Plates Is Art

Looking for a great prank to pull on a germaphobe? Invite them over for dinner, but serve it on these colorful plates that look like modern art, but are actually microscopic images of bacteria grown in a petri dish. Bonus germaphobe prank: just don’t wash your hands during meal prep.

Created by Brazilian artist and photographer Vik Muniz, these six unique plates don’t come with a microscopic price tag, though. Made in France, the porcelain plates sell for $550 and are limited to just 2,500 sets.

Muniz is best known for his photographic experiments recreating famous imagery and pop culture moments using everyday objects like powdered sugar or chocolate syrup. So while not a household name here in North America, his work has been exhibited all over the world, which probably helps explain why this dinnerware is so pricey.

Advertisement

[MoMA Store]

Category: Dinnerware  Tags: ,  Comments off

Shares of Whirlpool Corporation (NYSE:WHR) Sees Large Outflow of Money

Whirlpool Corporation (NYSE:WHR) During the most recent session, the shares traded at 0.7 points or 0.39% higher at $179.45. The money flow data is unimpressive with the net money flow value of $(-0.97) million. As per the intraday data, the upticks measured $0.13 million and the downticks measured $1.1 million. As a result, the up/down ratio registered a value of 0.12. The shares have seen 1.9% price change for the week.

Whirlpool

Whirlpool Corp. has dropped 0.73% in the last five trading days, however, the shares have posted positive gains of 2.93% in the last 4 weeks. Whirlpool Corp. is up 1.93% in the last 3-month period. Year-to-Date the stock performance stands at -7.29%.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of Whirlpool Corp /De/, Perez William D had purchased shares worth of $188,790 in a transaction dated on May 11, 2015. A total of 1,000 shares were purchased at a price of $188.79 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Company has received recommendation from many analysts. RBC Capital initiates coverage on Whirlpool Corporation (NYSE:WHR).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, RBC Capital announces the price target of $210 per share. The rating by the firm was issued on May 8, 2015.

Whirlpool Corporation (NYSE:WHR) witnessed a decline in the market cap on Thursday as its shares dropped 0.35% or 0.63 points. After the session commenced at $178.27, the stock reached the higher end at $179.899 while it hit a low of $176.56. With the volume soaring to 557,734 shares, the last trade was called at $178.12. The company has a 52-week high of $217.11. The company has a market cap of $13,968 million and there are 78,418,000 shares in outstanding. The 52-week low of the share price is $139.85.

Whirlpool Corporation (Whirlpool) is a manufacturer and marketer of home appliances. Whirlpool operates in four segments: North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. Whirlpool manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. The Company also produces hermetic compressors for refrigeration systems. It is a producer of home appliances in North America and Latin America and has a presence in markets throughout Europe and India. Its portfolio of brands includes Whirlpool, Maytag, KitchenAid, Brastemp and Consul.

Category: Kitchenaid  Tags: ,  Comments off

Three new businesses in Bay Area

COOS BAY — Rod Howard’s passion is so close to his day job. So close.

Seriously — it couldn’t be closer. After 2 p.m., Howard leaves the kitchen of Gilly’s New York Deli and goes next door to Hotrod Kustom Guitars at 125 Anderson Ave. in Coos Bay.

There he builds and customizes electric guitars and rehearses with his band Dust Bowl Rising.

Howard has been building and refinishing guitars commercially for a year, using skills he learned working on his own guitars over the past 25 years.

Howard uses automotive paints to create durable, UV-resistant finishes. He can refinish your guitar, build a new one to your liking or sell you one he refinished.

Prices are reasonable because he prowls eBay looking for components and finds guitars to refinish anywhere.

His website, http://gillysnydeli.wix.com/hotrodkustomguitars/, has photos of his past works, including a tie-dyed-looking guitar commissioned by guitarmaker Bruce Wall for Chris Hicks of the Marshall Tucker Band.

Although just a few guitars are on display in the shop, Howard has big plans for the space. He has teachers lined up to teach guitar, drums, piano, flute and sax; other teachers are welcome to call him if they’d like to offer lessons in his space. There’s rehearsal space for rent upstairs. And a recording studio is in the works.

Howard can often be found there in the afternoon, but for best results, call him for an appointment at 541-294-1801 or email hotrodkustomguitars@gmail.com.

Category: Accessories  Tags: ,  Comments off

Ideas to organize your pantry cabinet

Local News

Interfaith Peace Walk in Richland

Category: Cookware Pans  Tags: ,  Comments off

Retail jobs mean more than ‘Just A Buck’ to workers with developmental …

ROCKY RIVER, Ohio — They work hard every day at Just A Buck discount store, stocking shelves, running the cash register, greeting customers and unloading trucks.

Just A Buck employs about 50 people with all types of developmental disabilities, from Down Syndrome to cerebral palsy, at its three stores in Parma, Rocky River and South Euclid.

“We’re a training program, a stepping stone for them to become successful in other employment opportunities,” said Kim Pritchard, retail operations manager.

Solutions at Work owns Just A Buck. The nonprofit is an affiliate of the Cuyahoga County Board of Developmental Disabilities that provides employment, training, career growth and customized support for people with developmental disabilities.

The board supports 235 people with developmental disabilities who are competitively employed in the community and 445 people who work in enclaves like Just A Buck, with a team of their peers supported by staff who perform paid work while learning  job skills. Examples of enclaves include custodial, landscaping, food service, and industry-specific tasks based on the needs of employers.

In addition to its three Just A Buck Stores, Solutions at Work also owns Cleveland Crops, where workers learn farming skills on four different sites. They also get food service training at the Crops Café at Virgil Brown in the Cuyahoga County Department of Job and Family Service administration building, and culinary arts training at the Cleveland Crops Food Innovation Center.

“People with disabilities have much to offer employers and contribute positively to a business’s bottom line, including reduced turnover, high performance level and loyalty, and increased diversity,” said Marie Barnie, board communications manager. “Our employment training programs are a vital resource to help individuals learn needed job skills in community settings and to highlight the great potential of this untapped labor pool.”

Just A Buck sells school, party, pet and baby supplies, as well as jewelry, cosmetics, scarves, drinking glasses, electronic accessories, toys, sunglasses, dinnerware, socks and kitchen gadgets, all for $1.

But for the workers, it’s about more than just a paycheck.

Jack Pachan of North Olmsted said he likes learning new skills and meeting new friends at the store in the River Plaza shopping center on Center Ridge Road in Rocky River.

Zach Williamson of Cleveland was all smiles when he talked about the friends he met at work and how much he enjoys using the cash register.

“The customers look for Zach because he’s always so cheerful, and says hi to everyone. You don’t get that at other places,” Marylou Schier, retail coach at the Rocky River store, said. “If they come in and they don’t see him, they say, ‘Where’s Zach?’ He has a big smile on his face all the time.”

After they are trained, SAW helps workers fill out applications for permanent jobs.

“When they come to us, they may need a little more help,” Pritchard said. “Our goal is to help them become more independent and ready for competitive employment.”

Employees have moved on to work at nursing homes and other stores, including Giant Eagle, Kmart, Marc’s, Target and TJ Maxx.

For more Rocky River news, like me on Facebook.

Follow me on Twitter:

Category: Dinnerware  Tags: ,  Comments off