In This Issue
Retail ops restructured as going gets tough for Wyevale GCs
Retailers must act now to redeem expired gift vouchers says HTA
July was only average for garden centres sales volumes
More garden retailers signing up to industry Xylella crisis campaign
Burgon & Ball to roll out 70 new lines at Glee
Scotts Miracle-Gro buoyant but Europe revenue falls 6%
Town & Country is sold to EP Barrus
Clothing was smart June highlight for GCA centres
Still pretty in pink? Or is orange the new ‘in’
Lighting the way for profit growth within garden retailing
Millbrook walk 60 miles for Air Ambulance
The mighty apple goes ‘on tour’
Driving ban for Blackpool garden centre owner on drink charge
Ornamental grasses are August Plants of the Moment
Get your own copy of GTN Xtra
Sales of Impatiens on the rise
Xylella fastidiosa - a threat to the U.K. Horticulture industry
Orchid feeds currently selling well
La Hacienda sold to US company
Duke of York leads the way for autumn seed potato sales
New comparison website aims to offer platform for trades
Train or repel – keeping pets in check
Growing media sales drop by 17% during July
Three men went to mow...
New appointments at RSW International
Bestsellers Top 50 charts every week
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Email neil.pope@tgcmc.co.uk, or trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700


Scotts Miracle-Gro buoyant but Europe revenue falls 6%

Scotts Miracle-Gro in the US has announced 8.6% year-on-year revenue growth for the third quarter of the year, despite consumer business that was “behind original expectations” in its home market and a 6% drop in its European business (which includes the UK).

Europe consumer turnover fell to $222.9 million but was flat when excluding the impact of foreign exchange rates.

The company is in the process of selling its European and Australian businesses to Exponent Private Equity LLP in a deal expected to be completed this autumn.


Overall revenue of $1.08B included US consumer sales up by 5% with a 20% increase in profit. ‘Other’ segment sales increased by 36%, driven by acquisitions and organic growth in the Hawthorne Gardening Company subsidiary, which saw sales growth of 21% in the quarter.

 

On a positive note, CEO Jim Hagedorn (right) reported a strong start to August, with US garden centres and hardware stores – accounting for almost two-thirds of sales – up more than 4% with gains in nearly every major product category. “Clearly, we’ve seen challenges in the mass retail market this year due to tighter inventory management and changes in merchandising strategies,” he explained. “That said, we remain encouraged by the success of our new product launches this year and by the fact that consumers remained engaged in lawn and garden activities and continued to seek out our brands.”

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