5/3/2013

Lifetime Brands Inc. posted a loss of $632,000 in the first quarter as revenue dropped 9.5% to $98.7 million. The owner of the Cuisinart and KitchenAid brands attributed the decline to a weak economy in the U.K. and higher duties on ceramic products in the EU. CEO Jeffrey Seigel said the company still expects net sales to increase 4% to 6% this year.

Full Story:
HFNMag.com, NBC News

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