Lifetime Brands appoints Jeffrey Evans as an independent director, enhancing go-to-market and merchandising expertise.
Quiver AI Summary
Lifetime Brands, Inc. has announced the appointment of Jeffrey Evans as an independent director on its Board of Directors, effective immediately. Evans, a veteran in the retail industry with over three decades of experience, is expected to bring significant expertise in go-to-market and merchandising strategies, particularly from his successful tenure with major retailers like Walmart and At Home. The company views Evans's background as crucial for enhancing its growth initiatives and navigating the challenges of online commerce. Evans expressed enthusiasm for joining the board and aims to help Lifetime Brands capture additional market share and drive shareholder value through innovative approaches.
Potential Positives
- Appointment of Jeffrey Evans as an independent director enhances Lifetime Brands' Board with significant go-to-market and merchandising expertise, which is expected to provide invaluable insights for gaining market share.
- Jeff Evans brings over three decades of relevant retail and consumer leadership experience, including pivotal roles at Walmart and At Home, ensuring that the company benefits from a proven track record in driving sustainable growth.
- His background in establishing digital and omnichannel strategies will guide the company's efforts in adapting to current trends in online commerce, potentially strengthening its market position.
- Evans' commitment to unlocking shareholder value reinforces Lifetime Brands' focus on growth initiatives and modernization, aligning with the company's strategic objectives.
Potential Negatives
- Appointment of Jeffrey Evans as an independent director may indicate a lack of strong internal leadership or vision, necessitating external expertise for future growth initiatives.
- Implication that the company needs to modernize and strengthen its digital and omnichannel strategies could suggest existing weaknesses in those areas, especially amidst a competitive online commerce environment.
FAQ
Who is the new independent director at Lifetime Brands?
The new independent director at Lifetime Brands is Jeffrey Evans, appointed to the Board of Directors effective immediately.
What expertise does Jeffrey Evans bring to Lifetime Brands?
Jeffrey Evans brings significant go-to-market and merchandising expertise, with extensive experience in retail leadership and growth strategies.
What previous roles did Jeffrey Evans hold before joining Lifetime Brands?
Prior to Lifetime Brands, Evans was President and Chief Merchandising Officer at At Home and held senior roles at Walmart for 16 years.
How does Lifetime Brands plan to benefit from Evans' appointment?
Lifetime Brands aims to gain market share, drive growth initiatives, and enhance digital and omnichannel strategies with Evans' guidance.
What brands does Lifetime Brands own?
Lifetime Brands owns well-known kitchenware brands like Farberware®, KitchenAid®, and Sabatier®, as well as tableware brands like Mikasa® and Pfaltzgraff®.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LCUT Insider Trading Activity
$LCUT insiders have traded $LCUT stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $LCUT stock by insiders over the last 6 months:
- VERONIQUE GABAI-PINSKY purchased 3,500 shares for an estimated $19,495
- DANIEL SIEGEL (President) has made 0 purchases and 2 sales selling 3,333 shares for an estimated $18,710.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LCUT Hedge Fund Activity
We have seen 44 institutional investors add shares of $LCUT stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ESSEX INVESTMENT MANAGEMENT CO LLC removed 233,522 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $1,527,233
- JB CAPITAL PARTNERS LP added 108,193 shares (+13.0%) to their portfolio in Q3 2024, for an estimated $707,582
- LSV ASSET MANAGEMENT added 93,500 shares (+inf%) to their portfolio in Q3 2024, for an estimated $611,490
- LEGATO CAPITAL MANAGEMENT LLC removed 80,757 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $528,150
- AMERICAN CENTURY COMPANIES INC added 67,437 shares (+41.8%) to their portfolio in Q3 2024, for an estimated $441,037
- NORTHERN TRUST CORP added 66,817 shares (+159.5%) to their portfolio in Q3 2024, for an estimated $436,983
- PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 39,528 shares (-6.9%) from their portfolio in Q3 2024, for an estimated $258,513
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Veteran Retail Industry Leader Adds Significant Go-to-Market and Merchandising Expertise
GARDEN CITY, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT) (“Lifetime” or the “Company”), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced the appointment of Jeffrey Evans as an independent director to its Board of Directors (the “Board”), effective immediately.
“We are pleased to welcome Jeff to the Lifetime Board as we lay the groundwork for the future,” said Jeffrey Siegel, Chairman of the Board of Lifetime Brands. “Jeff’s leadership and skill at developing pointed merchandising strategies at Lifetime’s mass market and warehouse club direct customers will provide invaluable insight to position the company to gain market share.”
Rob Kay, Lifetime’s Chief Executive Officer, added, “I am thrilled Jeff has joined our board. His successful track record of driving sustainable growth during his tenure with Lifetime customers’ Walmart, Sam’s Club and At Home will be influential in further developing our growth initiatives. At Lifetime, we’ve institutionalized a data driven approach to product innovation and importantly, as measures for our go-to market strategies. At this critical moment of ubiquitous online commerce, Jeff’s history of establishing digital and omnichannel strategies with precision will guide and deepen our recent initiatives. With the additive counsel from Jeff, we are well positioned to continue our progression to a modernized Lifetime.”
“Lifetime is a leader in the consumer durable space with a strong portfolio of recognized brands that inherently provide customers with exceptional value,” said Mr. Evans. “I am excited to join my fellow directors and the collective Lifetime team and lend my expertise with time tested tools and practical steps that will position Lifetime to access additional market share, deliver meaningful growth and further unlock shareholder value.”
Mr. Evans’ experience spans three decades of retail and consumer leadership experience. Most recently, Mr. Evans held the position of President and Chief Merchandising Officer of At Home, a private specialty Home Décor and Seasonal Retailer. Previously, he spent 16 years at Walmart in senior merchandising roles for both Sam’s Club and Walmart. From 2020–2022, he was EVP for Entertainment, Toy’s and Seasonal for both stores and the ecommerce segment. From 2017–2020, Mr. Evans was the SVP for Walmart Home and led an apparel division at Walmart US from 2012–2017. He began his career in 1990 with Filene’s department stores, a division of May department stores. Additionally, in 2022, Mr. Evans founded Biddeford Advisors LLC. He currently serves on the advisory board of Wholescale, a private customer engagement technology company.
About
Lifetime Brands, Inc.
Lifetime Brands is a leading global designer, developer and marketer of a broad range of branded consumer products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware®, KitchenAid®, Sabatier®, Amco Houseworks®, Chef’n® Chicago™ Metallic, Copco®, Fred® & Friends, Houdini™, KitchenCraft®, Kamenstein®, La Cafetière®, MasterClass®, Misto®, Swing-A-Way®, Taylor® Kitchen, Rabbit®, and Dolly® ; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Empire Silver™, Gorham®, International® Silver, Towle® Silversmiths, Wallace®, Wilton Armetale®, V&A®, Royal Botanic Gardens Kew®, Year & Day®, Dolly®, Royal Leerdam®, and ONIS®; and valued home solutions brands, including BUILT NY®, S’well®, Taylor® Bath, Taylor® Kitchen, Taylor® Weather, Planet Box®, and Dolly®. The Company also provides exclusive private label products to leading retailers worldwide.
The Company’s corporate website is www.lifetimebrands.com.
Contacts:
Lifetime Brands, Inc.
Laurence Winoker, Chief Financial Officer
516-203-3590
investor.relations@lifetimebrands.com
or
MZ North America
Shannon Devine / Rory Rumore
Main: 203-741-8811
LCUT@mzgroup.us
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
