New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Louisville, Ky. — GE has filed an antitrust suit against Whirlpool and four of its subsidiaries and suppliers for conspiring to inflate the price of refrigerator compressors.
The suit, filed last week in a federal court here, claims the subsidiaries, Embraco North America and Whirlpool S.A., colluded with European suppliers Danfoos A/S and Household Conpressors Holding SpA, to limit compressor production, raise prices, and allocate GE’s purchases among themselves to avoid competition.
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.
Stockholm, Sweden — Strong operational performance in Electrolux’s North and South American divisions drove a 32 percent increase in fourth-quarter net income, the Swedish majap maker reported.
Companywide profits topped 291 million kronor for the three months, ended Dec. 31, while net sales edged up 3 percent to 29.2 billion kronor.
Benton Harbor, Mich. – Whirlpool said currency fluctuations, restructuring charges and lower tax credits in Brazil contributed to a 40 percent drop in fourth-quarter net earnings, to $122 million.
Net sales for the three months, ended Dec. 31, slipped 2.4 percent, to $4.8 billion.
The nation’s largest majap maker said profits improved considerably on an apples-to-apples basis, and sales rose 2 percent, thanks to higher wholesale prices, a greater mix of high-margin products, productivity improvements, and the benefits of cost-cutting and factory closures.
Washington — The U.S. International Trade Commission (ITC) has imposed stiff import duties on clothes washers made in South Korea and Mexico by Daewoo, Electrolux, LG and Samsung.
Today’s unanimous 6-0 decision confirmed last month’s ruling by the U.S. Commerce Department that the manufacturers sold imported washers here below fair value and harmed the domestic washer industry.
Las Vegas — LG Electronics plans to introduce its full 2013 line of smart appliances next week at International CES.
The platform, which includes refrigerators, laundry pairs, ovens and robotic vacuum cleaners, boasts an upgraded Smart Control feature that allows users to operate the appliances with voice commands via nearfield communications (NFC)-enabled smartphones, or to monitor them remotely over the Internet and on LG smart TVs.
The Woodlands, Texas – Multi-regional majap, CE and furniture chain Conn’s is no longer doing business with Whirlpool.
Conn’s acknowledged the split with the world’s largest appliance manufacturer to TWICE but declined to comment.
Similarly, Whirlpool confirmed that the two companies “have mutually decided that Whirlpool Corporation’s brands will no longer be carried at Conn’s locations.”
The products have also been removed from Conns.com.
Atlanta – The Home Depot has added Samsung kitchen and laundry products to its major appliance assortment.
The rollout began last Sunday to all 2,250-plus stores and is expected to be completed this Sunday, when the new product offering will also be available online at HomeDepot.com.
The No. 3 white-goods retailer also introduced Whirlpool, Electrolux and Frigidaire branded kitchen and laundry majaps online and in select stores earlier this year in a bid to grow market share.
Mooresville, N.C. - Lowe’s has added LG Electronics to its majap assortment.
Starting in the first quarter of 2013, the No. 2 home improvement chain will carry LG kitchen and laundry products in all 1,700-plus stores and online.
The offering will include refrigerators, washers, dryers, dishwashers and ranges.