By Lisa Johnston
New products on display at the American International Toy Fair, held in N
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.
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.
Louisville, Ky. — GE is rolling out an expanded collection of slate-finish kitchen appliances next month.
Slate was introduced a year ago as a fashionable alternative to stainless steel. The low-gloss, warm metallic gray matte finish is resistant to fingerprints, and has exceeded GE’s expectations in sales and popularity.
Louisville, Ky. – GE Appliances has created a new Artistry series kitchen platform that targets millennials with its clean, simple design and affordable pricing.
Louisville, Ky. — GE has begun producing its first U.S.-made front-load laundry pair.
The new ergonomically designed models feature a built-in 7-inch riser and extra-wide door to help reduce strenuous bends and long reaches.
GE invested more than $100 million to upgrade two assembly lines in Building 1 of its massive Appliance Park manufacturing complex here, where traditional top-load washers have been built for 60 years.
Little Falls, Minn. — A franchised RadioShack dealer has added a full line of GE appliances to one of his seven independently owned stores.
RadioShack’s more than 1,000 franchised locations can vary widely from the 4,700 uniform corporate stores, with owners given wide latitude with assortment and design.
Louisville, Ky. — GE has filed an antitrust suit against Whirlpool and four of its subsidiaries and suppliers for conspiring to inflate the price of refrigerator compressors.
The suit, filed last week in a federal court here, claims the subsidiaries, Embraco North America and Whirlpool S.A., colluded with European suppliers Danfoos A/S and Household Conpressors Holding SpA, to limit compressor production, raise prices, and allocate GE’s purchases among themselves to avoid competition.
Louisville, Ky. — GE began production last month of what it describes as the most energy-efficient and feature-laden top-load washer in the company’s history.
The new line, manufactured domestically at GE’s sprawling Appliance Park facility, here, was developed in response to rapid growth within the high-efficiency (HE) top-load category. Indeed, HE top loaders are now the fastest-growing segment of the washer market, a company spokesperson told TWICE, outpacing and even cannibalizing sales of front-load washers, which had enjoyed a decade-long ride.
TWICE recently attended a GE holiday soirée at 30 Rock hosted by chairman/CEO Jeffrey Immelt. While he wouldn’t talk shop about majaps (“Come on, it’s a party!” he admonished a reporter), he did paint an optimistic picture of America in remarks before the crowd. Here are the cocktail-napkin bullet points: