A quick look around the just opened Flatbush, Brooklyn location of
Sales and earnings at General Electric's major appliances segment were hit hard in the second quarter. Revenue dropped 11 percent to $1.4 billion, compared with $1.6 billion in the same period last year, and profit was off 22 percent, declining to $151 million, from $194 million in the same three months last year.
For the six months, GE's majap segment reported an 8 percent decrease in sales, to $2.7 billion, from $3 billion in the previous six-month period. Segment profit for the six months decreased 14 percent to $297 million, from $344 million in the same six months last year.