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.
Manhattan Associates announced a CEO succession plan in conjunction with strong second quarter results that saw the provider of supply chain optimization services increase its full year profit forecast.
The Polaroid company may have went through its share of financial difficulties, but there is plenty of equity left in the brand name and Walmart’s Asda unit is looking to capitalize on it this month with a new line of consumer electronics.
Volume sales for U.S. consumer packaged goods have fallen since last year due to higher prices, less promotional support and soaring temperatures, according to Nielsen SVP consumer and shopper insights Todd Hale.