Tag Archives: Built NY

Lifetime Brands Q2 Net Loss Hits $3.2 Million

Lifetime Brands

GARDEN CITY, N.Y.-Lower gross margin and increased expenses led Lifetime Brands to a second-quarter net loss of $3.2 million, compared to a net loss of $568,000 in the second quarter of last year. Gross margin in the quarter, which ended on June 30, was down 207 basis points to 35.42 percent—the result, according to LifetimeMore »

Lifetime Q1 Loss Jumps; Sales Gain 20 Percent

Lifetime Brands

GARDEN CITY, N.Y.-Although sales rose by a robust 20 percent, Lifetime Brands’ first-quarter net loss reached $2.9 million, compared to a net loss of $632,000 in its first quarter of last year. Net sales totaled $118.4 million in the quarter, which ended on March 31, and gross margin gained 63 basis points to finish atMore »

Tovolo to Grow in Japan

Tovolo

SEATTLE, Wash.–Kitchen tool and gadget company Tovolo is expanding its Japanese presence by establishing a nationwide distributor partnership with EntreX Inc. EntreX is a widely respected Japanese importer and distributor of branded kitchen, home and gift products, including Vitamix, Built NY and Umbra. Tovolo said this partnership with EntreX will allow it to grow itsMore »