Food Storage

Newell Brands is launching a restructuring and savings initiative, Project Phoenix, the company said is intended to will its scale to reduce complexity, streamline the operating model and drive efficiencies.

Polder Products, LLC, is launching a food storage program in January 2023 centered on two primary lines offering what the company said are exclusive designs for optimizing food storage at home.

Newell Brands reported third-quarter net sales were $2.3 billion, a 19.2% year-over-year decline, citing a core sales decrease of 10.8% and impact from the sale of its Connected Home & Security business at the end of the first quarter 2022, unfavorable foreign exchange and certain category and retail store exits.