By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Factory sales of full-size household vacuum cleaners fell 6.2 percent during the first quarter of 2002 to 4.9 million units, the Vacuum Cleaner Manufacturers Association (VCMA) reported.
In announcing the decline, the trade group noted that the comparable year-ago quarter was the best in industry history, when a record 5.3 million units were sold. Moreover, sales during the first three months of 2002 improved slightly from the fourth quarter of 2001, which VCMA interprets as "a sign of the general economic recovery."
Breaking out the results by month, March sales slipped 6.7 percent to 1.9 million units, compared with the same period last year. Once again, the industry was up against stiff comps as March 2001 stands as the biggest month ever for vacuum cleaner factory shipments at nearly 2 million units.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.