14435 Fri, 05/09/2008 - 12:01pm
GARDEN CITY, N.Y.–Lifetime Brands’ tabletop division will make a “dramatic” turnaround this year, according to Jeff Siegel, chairman, president and chief executive officer.
Although the division played a significant role in an overall drop in sales volume for the first quarter of the year, as discussed in the company’s earnings conference call yesterday, business should pick up for the remainder of the year, Siegel said. He said he was “very, very happy” with the division. New tabletop products, shown at the recent housewares and tabletop shows, received “tremendous placement” with customers with whom there was little or no placement last year, Siegel said. He attributed this success to “management that understands that it is the design of the products” that sells the product.
Glenn Simon, former president of Sakura, joined the company as president of the tabletop division earlier this year.