New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
New York — Whirlpool and GE each reported robust appliance performance 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.
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.
Indianapolis — Multiregional majap, CE and home furnishings chain h.h.gregg donated 54 Maytag appliances to local Boys & Girls Clubs of America in partnership with Maytag parent Whirlpool.
The donations were part of a 31-day “MayTag, You’re It” joint sweepstakes promotion, in which a Maytag laundry pair was awarded each day in May.
The partners said 29 Boys & Girls Clubs in 15 states and Washington, D.C., were selected to receive majap donations based on immediate improvement needs.
Benton Harbor, Mich. -- Whirlpool posted a strong gain in profit in the second quarter, reporting a net of $198 million, up from $113 million in the year-ago period.
Sales in the quarter for the company's Whirlpool, Maytag and KitchenAid appliances were $4.7 billion compared with the $4.5 billion reported during the same period last year. Excluding the impact of both foreign currency and Brazilian tax credits, sales increased almost 6 percent, the company said.
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.
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.
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.