By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Washington — The U.S. Supreme Court has cleared the way for a trio of class-action lawsuits to proceed against Sears, Whirlpool and BSH over allegedly mold-prone washers.
The court yesterday refused to hear appeals by the three companies, which are accused of making and selling millions of front-load washers that allegedly developed mold or musty odors.
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.
Benton Harbor, Mich. — Whirlpool reported fourth-quarter GAAP net earnings of $181 million, compared with net earnings of $122 million for the same prior-year period.
Sales in the quarter were $5.1 billion, compared with $4.8 billion during the same prior-year period. Excluding the impact of both foreign currency and Brazilian (BEFIEX) tax credits, sales increased approximately 7 percent, led by strong growth in North America and Latin America.
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.
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.