New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
ATLANTA – Strength in majaps, an improving housing market, and better operational execution helped fuel third-quarter sales and earnings gains for The Home Depot and Lowe’s.
The increases came in sharp contrast to Sears, which reported weakness in its core appliance business as it continued to shed majap market share.
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.
WASHINGTON – Factory shipments of major appliances rose 7 percent in unit volume in October 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.
ENGLEWOOD CLIFFS, N.J. – LG Electronics has expanded its “door-in-door” French door refrigerator line with three new models that respectively offer extra capacity, double freezer drawers and dual ice makers.
LAS VEGAS – Electrolux and Viking Range are topping the short list of majap makers to exhibit at February’s Kitchen & Bath Industry Show (KBIS).
The manufacturers said their decisions to return after multiyear absences were influenced by the show’s concurrent run with the International Builders’ Show (IBS), which draws the homebuilder and designer trades.
The shows will be held together for the first time Feb. 4-6, 2014, at the Las Vegas Convention Center under the banner of “Design and Construction Week.”
SAN DIEGO – Columbus Day is the fourth-largest holiday for majap retail circulars, and laundry, as it is for most events, was the most heavily promoted category of the period last month, a new proprietary study by market research firm Gap Intelligence shows.
Retailers began releasing their Columbus Day circulars a week before the holiday, and h.h.gregg led a seven-chain pack monitored by Gap with a total of 44 laundry ads in 17 major and mid-sized U.S. markets — down from a high of 74 inserts over the Labor Day period.
NEW YORK – Electrolux, GE and Whirlpool each reported robust appliance performance in North America 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.
NEW YORK — U.S. chain-store sales rose 5.1 percent year over year in September, according to a new report from the International Council of Shopping Centers (ICSC).
The trade group’s preliminary figure is based on a compilation of available sales results for 11 publicly traded chains, and excludes gasoline stations and September’s tally from Gap Inc., which has not yet reported.
The report is far rosier than MasterCard’s assessment of September, which pegs total retail sales growth at 3 percent year over year.
LOUISVILLE, KY. – GE Appliances has appointed Rob Posthauer general sales manager with responsibility for all sales activities within the retail and contract channels.
He succeeds Mike McDermott, who left in September to head Lowe’s building and maintenance businesses.
Posthauer, a former Maytag manager, joined GE in 2004 and most recently served as general manager of GE’s Home Depot business, earning a Vendor of the Year award from the home improvement chain in 2012.
SAN DIEGO – Appliances are on the upswing at Conn’s and Fry’s, two major multiregionals that are growing their majap businesses and, in the case of Conn’s, opening up new stores and markets.
That fact hasn’t been lost on LG and Samsung product managers, observed Christine Boersing, home appliance analyst for market research firm Gap Intelligence, who has tracked their ad spend at the big-box chains for the previous two months.
IRVINE, CALIF. – Bosch contributed wall ovens, cooktops, range hoods and Axxis laundry pairs to last month’s Decathlon 2013, a collegiate competition by the Department of Energy to design, build and operate attractive and efficient solar-powered homes. The majaps can be seen in Caltech’s entry, above, dubbed DALE for “dynamic augmented living environment.”