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Dial

This article was originally published in The Rose Sheet

Executive Summary

More than 300 under-performing SKUs, representing one-quarter of Dial's product line, have been eliminated, CEO Herbert Baum announces during Dial's annual stockholders meeting June 7 in Scottsdale, Ariz. Reductions primarily taken from Specialty Personal Care division, firm says. Dial vowed in September to cut almost half, or 260 SKUs, from its existing 615 in the SPC category (1"The Rose Sheet" Sept. 25, 2000, p. 5). Firm continues to evaluate sale of SPC division, and "proceeds from the sale of any assets will be used to reduce debt," Baum says. Debt was reduced by $60 mil. in second half of 2000 and will be reduced by $80 mil.-$90 mil. more in 2001. Total debt at year end will be $500 mil., firm predicts. Baum reconfirmed sales growth estimates of 5% for 2001
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