The Urethane Blog
July 15, 2021
Casper and Bed Bath & Beyond Announce National Partnership Bringing Together the Experts in Sleep
Bed Bath & Beyond’s Redesigned and Soon-to-Reopen Flagship Store in NYC to Include a One-of-a-Kind Branded Shop by Casper
July 15, 2021 08:00 AM Eastern Daylight Time
UNION, N.J. & NEW YORK–(BUSINESS WIRE)–Casper Sleep Inc. (“Casper”) (NYSE: CSPR) and Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced a new national partnership that brings Casper’s award-winning suite of sleep offerings to Bed Bath & Beyond® customers through the Bed Bath & Beyond website and mobile app, and in select Bed Bath & Beyond stores. As part of the partnership, Casper will open its first, one-of-a-kind branded shop-in shop at Bed Bath & Beyond’s newly designed flagship store in New York City, which is set to reopen on July 22 after undergoing a substantial renovation to modernize the shopping experience for customers.
“We are thrilled to partner with Bed Bath & Beyond, a beloved brand centered around customer experience and quality home products, as they expand their sleep offerings”Tweet this
Casper will create immersive in-store shopping experiences of its award-winning suite of sleep offerings to Bed Bath & Beyond customers, including the Casper Cooling Collection™ – a new line of innovative cooling products developed with the brand’s most technologically-advanced solutions to minimize nighttime overheating and help sleepers love their tomorrow. In addition to the flagship store located at 620 6th Avenue in New York City, Bed Bath & Beyond’s store in the city’s Tribeca neighborhood and in Bridgewater, NJ, allow customers to experience Casper in-person. Casper products will become available at additional Bed Bath & Beyond locations across the U.S. in the coming months. In addition to in-store purchasing, Casper products are eligible for Buy Online & Pickup In Store or home delivery, making it easy for Bed Bath & Beyond customers to get their items home.
“We are pleased to strengthen our authority in the sleep category by forging this strategic partnership with Casper to make its exceptional and innovative suite of sleep solutions available to our customers,” said Joe Hartsig, EVP and Chief Merchandising Officer of Bed Bath & Beyond, and President of Harmon Stores. “Casper is an ideal complement to our bedding collection, which now feature high-quality and affordable items from our NestwellTM, Wild SageTM and Simply EssentialTM line of Owned Brands. We’re proud that Casper’s first shop-in-shop will be inside our flagship store, and look forward to together serving New Yorkers and all omni-channel customers.”
“We are thrilled to partner with Bed Bath & Beyond, a beloved brand centered around customer experience and quality home products, as they expand their sleep offerings,” said Emilie Arel, President and Chief Commercial Officer at Casper. “It’s an honor to bring the unique Casper shopping experience and latest sleep solutions with Snow Technology to a legacy retailer that shares our mission of helping millions of people achieve a more comfortable night’s sleep, and we’re excited for the significant opportunities this partnership will create.”
Just as Bed Bath & Beyond continues to transform its offerings in the bed category — including through recently launched Owned Brands such as Nestwell, Wild Sage and Simply Essential – this partnership allows Casper to extend its commitment to delivering high quality, innovative, and expertly-designed products that meet growing customer trends. The Casper full product assortment features top-rated mattresses and award-winning sleep accessories, including the Casper Original Mattress, Casper Nova® Hybrid and Casper Wave Hybrid Mattresses with Snow Technology, Original Pillow, Hyperlite™ Sheets, Glow Light, and more.
According to Bed Bath & Beyond’s recent “The Way We Nest” study, approximately 80% of Americans surveyed say their bed is their happy place and 76% view the bedroom as their sanctuary. To help customers find the perfect bed linens for their sleep and nesting preferences, Bed Bath & Beyond customers can utilize the “Nestwell to Rest Well GuideTM.” The interactive guide also includes design tips for styling a bed by interior designers at Decorist, as well as advice from renowned sleep wellness expert, Dr. Shelby Harris.
Casper’s footprint continues to grow with leading retailers, in addition to its e-commerce platform, and now includes more than 70 Casper retail store locations. The brand remains focused on increasing accessibility for consumers to purchase wherever they prefer to shop.
About Casper
Casper (NYSE: CSPR) believes everyone should sleep better. The Sleep Company has a full portfolio of obsessively engineered sleep products—including mattresses, pillows, bedding, and furniture—designed in-house by the Company’s award-winning R&D team at Casper Labs. In addition to its e-commerce business, Casper owns and operates Sleep Shops across North America and its products are available at a growing list of retailers.
About Bed Bath & Beyond
Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.
Bed Bath & Beyond operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, buybuybaby.com, buybuybaby.ca, facevalues.com and decorist.com
July 13, 2021
“I’m Not Seeing This As Transitory”: Paint Supplier PPG Raises Prices For Second Time This Year Due To “Obvious” Inflation
by Tyler DurdenMonday, Jul 12, 2021 – 07:00 PM
Paint supplier PPG knows that inflation isn’t just “transitory”.
In fact, the company, who supplies to major manufacturers like Ford and Boeing, is raising the prices of its paint and coatings solely as a result of “inflation in raw material and logistics costs”, according to a new Bloomberg article.
Chief Executive Officer Michael McGarry made sure PPG was one of the first to raise prices earlier this year, as the company anticipated an inflationary environment. Now, they’re raising prices again.
McGarry said: “What we’re obviously studying now is the need to be out with a third set of price increases. Inflation is across-the-board, it’s obvious and customers don’t have a lot of good ways to counter the argument that we need to have price relief.”
And it isn’t like PPG is just a localized business experiencing a one-off in costs: the company is in more than 70 countries and is still “feeling the pinch from the prices of oil, freight and distribution going up and raw materials running scarce”.
“I’m not seeing this as transitory. This work-from-home phenomenon is going to lead to additional wage inflation, because people are going to have the opportunities to figure out where they want to work,” McGarry continued.
McGarry says the trend is visible in the U.S. and he expects to see it “spread to other regions”.
Meanwhile, one man’s finished product is another man’s raw material: the price of paint and coatings going up will add to raw material supply costs for companies like Stellantis, who is one of PPG’s biggest customers. This comes as other raw materials for automakers, like copper, aluminum and steel, are all rising in price as well.
PPG generates about 40% of its revenue in the U.S., Bloomberg notes. It has boosted pricing for 17 consecutive quarters and McGarry says the steak should continue through the rest of this year.
July 13, 2021
“I’m Not Seeing This As Transitory”: Paint Supplier PPG Raises Prices For Second Time This Year Due To “Obvious” Inflation
by Tyler DurdenMonday, Jul 12, 2021 – 07:00 PM
Paint supplier PPG knows that inflation isn’t just “transitory”.
In fact, the company, who supplies to major manufacturers like Ford and Boeing, is raising the prices of its paint and coatings solely as a result of “inflation in raw material and logistics costs”, according to a new Bloomberg article.
Chief Executive Officer Michael McGarry made sure PPG was one of the first to raise prices earlier this year, as the company anticipated an inflationary environment. Now, they’re raising prices again.
McGarry said: “What we’re obviously studying now is the need to be out with a third set of price increases. Inflation is across-the-board, it’s obvious and customers don’t have a lot of good ways to counter the argument that we need to have price relief.”
And it isn’t like PPG is just a localized business experiencing a one-off in costs: the company is in more than 70 countries and is still “feeling the pinch from the prices of oil, freight and distribution going up and raw materials running scarce”.
“I’m not seeing this as transitory. This work-from-home phenomenon is going to lead to additional wage inflation, because people are going to have the opportunities to figure out where they want to work,” McGarry continued.
McGarry says the trend is visible in the U.S. and he expects to see it “spread to other regions”.
Meanwhile, one man’s finished product is another man’s raw material: the price of paint and coatings going up will add to raw material supply costs for companies like Stellantis, who is one of PPG’s biggest customers. This comes as other raw materials for automakers, like copper, aluminum and steel, are all rising in price as well.
PPG generates about 40% of its revenue in the U.S., Bloomberg notes. It has boosted pricing for 17 consecutive quarters and McGarry says the steak should continue through the rest of this year.
July 12, 2021
BASF Group releases preliminary figures for the second quarter of 2021 and increases forecast for full year 2021
Q2 2021:
- Sales expected to be €19,753 million
(Q2 2020: €12,680 million) - EBIT before special items expected to be €2,355 million
(Q2 2020: €226 million) - EBIT expected to be €2,316 million
(Q2 2020: €59 million)
Outlook 2021:
- Sales expected between €74 billion and €77 billion
(previous outlook 2021: €68 billion to €71 billion) - EBIT before special items expected between €7.0 billion and €7.5 billion
(previous outlook 2021: €5.0 billion to €5.8 billion)
Ludwigshafen – July 9, 2021 – BASF Group has released preliminary figures for the second quarter of 2021. Sales increased by 55.8 percent in the second quarter of 2021 to €19,753 million (Q2 2020: €12,680 million). This was driven by higher prices (+35 percent) and volumes (+28 percent); negative currency effects (–7 percent) had an offsetting effect. The average analyst estimates for BASF Group’s sales in the second quarter of 2021 amount to €17,157 million.
In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since the fourth quarter of 2020. EBIT before special items is expected to amount to €2,355 million, a considerable increase compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: €226 million). At €1,965 million, the average analyst estimates for EBIT before special items of BASF Group in the second quarter of 2021 are considerably below this figure.
The Chemicals, Materials and Industrial Solutions segments considerably exceeded average analyst estimates for EBIT before special items in the second quarter of 2021. EBIT before special items was slightly below analyst consensus in the Surface Technologies segment and significantly below average analyst estimates in the Agricultural Solutions and Nutrition & Care segments. In Other, EBIT before special items was on the level of average analyst estimates.
BASF Group’s EBIT is expected to be €2,316 million in the second quarter of 2021, considerably above the figure for the prior-year quarter, which was weak due to the pandemic (Q2 2020: €59 million). EBIT in the second quarter of 2021 includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business. The analyst consensus for EBIT in the second quarter of 2021 is €1,929 million.
Outlook 2021 for the BASF Group
Based on the strong business development in the first half of 2021 (Sales H1 2021: €39,153 million; EBIT before special items H1 2021: €4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items. For the full year 2021, BASF Group now expects sales of €74 billion to €77 billion (previous outlook 2021: €68 billion to €71 billion; analyst consensus 2021: €68,654 million; full year 2020: €59,149 million). EBIT before special items is now anticipated to reach between €7.0 billion and €7.5 billion in 2021 (previous outlook 2021: €5.0 billion to €5.8 billion; analyst consensus 2021: €6,299 million; full year 2020: €3,560 million). The considerably increased earnings expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021.
This outlook is based on the following assumptions regarding the global economic environment in 2021:
- Growth in gross domestic product: 5.5 percent (previously: 5.0 perce)
- Growth in industrial production: 6.5 percent (previously: 5.0 percen)
- Growth in chemical production: 6.5 percent (previously: 5.0 percent
- Average euro/dollar exchange rate of $1.20 per euro
(previously: $1.18 per euro) - Average annual oil price (Brent crude) of $65 per barrel
(previously: $60 per barrel)
BASF’s forecast assumes that there will be no severe restrictions on economic activity due to measures to combat the COVID-19 pandemic in the second half of 2021.
https://www.basf.com/global/en/media/news-releases/2021/07/p-21-260.html
July 12, 2021
BASF Group releases preliminary figures for the second quarter of 2021 and increases forecast for full year 2021
Q2 2021:
- Sales expected to be €19,753 million
(Q2 2020: €12,680 million) - EBIT before special items expected to be €2,355 million
(Q2 2020: €226 million) - EBIT expected to be €2,316 million
(Q2 2020: €59 million)
Outlook 2021:
- Sales expected between €74 billion and €77 billion
(previous outlook 2021: €68 billion to €71 billion) - EBIT before special items expected between €7.0 billion and €7.5 billion
(previous outlook 2021: €5.0 billion to €5.8 billion)
Ludwigshafen – July 9, 2021 – BASF Group has released preliminary figures for the second quarter of 2021. Sales increased by 55.8 percent in the second quarter of 2021 to €19,753 million (Q2 2020: €12,680 million). This was driven by higher prices (+35 percent) and volumes (+28 percent); negative currency effects (–7 percent) had an offsetting effect. The average analyst estimates for BASF Group’s sales in the second quarter of 2021 amount to €17,157 million.
In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since the fourth quarter of 2020. EBIT before special items is expected to amount to €2,355 million, a considerable increase compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: €226 million). At €1,965 million, the average analyst estimates for EBIT before special items of BASF Group in the second quarter of 2021 are considerably below this figure.
The Chemicals, Materials and Industrial Solutions segments considerably exceeded average analyst estimates for EBIT before special items in the second quarter of 2021. EBIT before special items was slightly below analyst consensus in the Surface Technologies segment and significantly below average analyst estimates in the Agricultural Solutions and Nutrition & Care segments. In Other, EBIT before special items was on the level of average analyst estimates.
BASF Group’s EBIT is expected to be €2,316 million in the second quarter of 2021, considerably above the figure for the prior-year quarter, which was weak due to the pandemic (Q2 2020: €59 million). EBIT in the second quarter of 2021 includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business. The analyst consensus for EBIT in the second quarter of 2021 is €1,929 million.
Outlook 2021 for the BASF Group
Based on the strong business development in the first half of 2021 (Sales H1 2021: €39,153 million; EBIT before special items H1 2021: €4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items. For the full year 2021, BASF Group now expects sales of €74 billion to €77 billion (previous outlook 2021: €68 billion to €71 billion; analyst consensus 2021: €68,654 million; full year 2020: €59,149 million). EBIT before special items is now anticipated to reach between €7.0 billion and €7.5 billion in 2021 (previous outlook 2021: €5.0 billion to €5.8 billion; analyst consensus 2021: €6,299 million; full year 2020: €3,560 million). The considerably increased earnings expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021.
This outlook is based on the following assumptions regarding the global economic environment in 2021:
- Growth in gross domestic product: 5.5 percent (previously: 5.0 perce)
- Growth in industrial production: 6.5 percent (previously: 5.0 percen)
- Growth in chemical production: 6.5 percent (previously: 5.0 percent
- Average euro/dollar exchange rate of $1.20 per euro
(previously: $1.18 per euro) - Average annual oil price (Brent crude) of $65 per barrel
(previously: $60 per barrel)
BASF’s forecast assumes that there will be no severe restrictions on economic activity due to measures to combat the COVID-19 pandemic in the second half of 2021.
https://www.basf.com/global/en/media/news-releases/2021/07/p-21-260.html
Everchem Updates Archive 
Sign Up for Email Updates