By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Seoul, South Korea – LG Electronics’ majap unit will create a new division around its Studio line of premium kitchen appliances to tap into increased demand for the category.
The manufacturer said the new LG Studio division will initially target the U.S. and Korean markets, and will help it double its distribution channels for high-end white goods.
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.
Las Vegas – LG Electronics said its latest crop of refrigerators will all have its trademarked door-in-door feature.
Greenwood, Miss. — Viking Range has developed and released a free iOS app to help consumers pick out the correct appliances for their kitchen.
The app gives the potential buyer access to an image gallery from Viking designed kitchens. It also contains colors, pricing and shows the different styles available.
After perusing the photos, the consumers can use that information to piece together their own Viking kitchen, the company said.
Washington, D.C. – Factory shipments of major appliances rose 7 percent in unit volume last month as retailers stocked up for the busy Black Friday period.
According to the Association of Home Appliance Manufacturers (AHAM), which compiles monthly wholesale data on imported and domestically produced products, vendors shipped some 4.6 million majaps to retailers in October, bringing the year-to-date total to 53.5 million pieces, up 4.1 percent from 2012.
London – The demand from emerging markets will spur solid growth in the major appliance sector worldwide, stated a report by IHS.
The research firm is forecasting a 4.5 percent increase in worldwide shipments this year, up from the incremental increase that took place last year. The company specifically cited demand from emerging markets, which are experiencing economic gains.
Greenwood, Miss. – Viking Range announced today it will exhibit at next year’s Kitchen and Bath Industry Show.
The appliance maker will be located in booth N1215 of the Las Vegas Convention Center. The show runs from Feb. 4-6, 2014.
Viking will use the show to display its wares to the designers, builders, architects and remodelers that will be attending the show.
Stockholm, Sweden — Electrolux said strength in its North American operations couldn’t offset the impact of weak European demand, unfavorable currency fluctuations, and higher marketing and capital investment costs during the third quarter.
The result, the world’s No. 2 majap maker reported, was a 29 percent decline in third-quarter profits to 656 million kronor, on essentially flat sales of 27.3 billion kronor for the three months, ended Sept. 30.
New York — Whirlpool and GE each reported robust appliance performance during the third quarter.
Whirlpool said net sales rose 4.4 percent to $4.7 billion for the three months, ended Sept. 30, on strong growth in North America, while profits rocketed 164 percent to a record $196 million due to higher revenue, increased productivity, and cost and capacity reductions.
Washington – Factory shipments of core laundry and kitchen majaps rose 6.3 percent last month as the white-goods industry’s rebound continued unabated.
According to the latest vendor data from the Association of Home Appliance Manufacturers (AHAM), more than 4 million washers, dryers, dishwashers, refrigerators, freezers, ranges and ovens were shipped last month through the retail and builder channels, and wholesale unit volume for the group is up 8.6 percent year to date.
Washington — Factory unit shipments of major appliances rebounded in August, rising 10.2 percent following an essentially flat July.
But excluding the impact of the soft room air season, the core laundry and kitchen categories together catapulted 15.3 percent last month as housing demand continued to grow and retailers stocked up for aggressive Labor Day promotions.