Coleto Brands (Progress Lighting and Kichler) Maintains Pricing Stability Amid Economic Uncertainty
Coleto Brands, which owns Progress Lighting and Kichler, is committed to pricing stability. The company will keep current pricing through 31 May 2025. In a letter, leaders acknowledged challenges from geopolitical issues and inflation. They assured partners they are monitoring market conditions to reduce disruptions.
In a letter to the industry, the company’s leadership emphasized the importance of predictability for its partners. By keeping pricing steady, Coleto Brands aims to provide stability in an environment of economic uncertainty. The company’s decision reflects its ongoing commitment to fostering strong partnerships despite market volatility.
“For the past three years, we have diligently endeavored to hold our pricing steady in support of our partnership despite market volatility, demonstrating our commitment to your success,” the letter stated.
Four company executives signed the letter: Mark Lape, Vice President of Trade Channel Sales; Kym Bailey, Vice President of Retail Sales; Todd Roy, Vice President of Builder and specification Sales; and Jason Johnson, Vice President of eCommerce Sales.
Coleto Brands also reassured partners that they would continue to monitor developments and provide updates as necessary. The company encouraged partners to reach out to their sales representatives or customer care teams for further inquiries.
Coleto Brands underscores its long-term dedication to its partners by holding a pricing firm, reinforcing trust and stability in an unpredictable market.
Read the letter below:
