San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
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.
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.
Charlotte, N.C. — Electrolux said it will donate up to $200,000 to the American Red Cross Disaster Fund to support the victims of Hurricane Sandy.
The manufacturer will donate $100,000 outright and will then match employee contributions up to another $100,000.