By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Greenwood, Miss. — Premium majap maker Viking Range continues to take its distribution in house.
In its latest two-step realignment, the vendor moved its distribution in Arizona and Southern Nevada from Milestone Distributors to Viking Range, LLC Distribution Southwest.
Milestone, based in Dallas, will continue to serve as the Viking distributor in New Mexico, Oklahoma and Texas.
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.
Greenwood, Miss. — Viking Range today announced the acquisition of two more of the company’s distributors.
Gateway Appliance Distributing and Kimball Distributing will be melded into a new firm called Viking Range, LLC Distribution Northwest. The deal’s financial details were not released.
In April Viking bought its Southern California distributor Sues, Young & Brown.
New York – Haier America has tapped industry veteran Rian Cain to run its major appliance business.
Cain joins Haier from American TV & Appliances, where he was sales and marketing VP. Prior to that he held the same title at Sharp Electronics, where he headed the manufacturer’s home appliance division. He began his career at Maytag, where he rose through the sales and marketing ranks over the course of his 22 years with the vendor.
Washington — Factory shipments of major appliances surged 11 percent in March, to 7.3 million units.
According to data from the Association of Home Appliance Manufacturers (AHAM), every major product sector contributed to the U.S. increase, with laundry pairs up 5.1 percent; refrigerators up 5.4 percent; ranges, ovens, cooktops and microwave ovens up 8.9 percent; dishwashers up 14.1 percent; and ACs up 23.9 percent.
Shipments were also ahead 5.4 percent year to date.
Stockholm, Sweden — Electrolux said sizzling first-quarter results in North America were offset by unfavorable exchange rates and weakness in Europe.
Net profits fell 28 percent to 361 million Swedish kronor (SEK) for the three months, ended March 31, while net sales slipped 2.1 percent to 25.3 billion SEK.
Operating income increased 15 percent excluding the 318 million SEK impact of currency fluctuations.
Benton Harbor, Mich. — Whirlpool reported higher net earnings and flat sales in the first quarter, ended March 31.
GAAP net earnings were $252 million, compared with net earnings of $92 million share reported during the same period last year, which were driven by continued favorable product price and mix and the benefit of cost- and capacity-reduction initiatives, the company said.
New York – Haier America has re-launched its environmental awareness website, Smarter Life, Better Planet, in advance of Earth Day on April 22.
The site will celebrate Earth Day by profiling environmental heroes like Rachel Carson, considered the founder of the Green movement, and Mary Crowley, a sailor and educator who is working to clean up the Pacific Ocean.
Greenwood, Miss. — Viking Range today announced plans to acquire its distribution partner Sues, Young & Brown.
The company has been the exclusive distributor for Viking in Southern California since 1987. No financial details on the deal were announced.
The Sues, Young & Brown management team will remain in place, and it will continue with its marketing, warehousing and service support for Viking going forward.
The distributor has been in business since 1944 and showcases Viking’s entire product line in vignettes to the public, Viking said.
Washington — Factory unit shipments of key major appliance categories rose 8 percent in February after falling 9 percent one year prior.
The Presidents Day-period pickup followed a nearly 2 percent uptick in total majap volume in January, the Association of Home Appliance Manufacturers (AHAM) reported.
However, a nearly 46 percent decline in dehumidifier shipments, and a 21 percent drop in room air volume, limited total February wholesale sales to a 0.7 percent gain, AHAM’s monthly shipment data show.