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hhgregg May File For Bankruptcy Next Month: Report

hhgregg is reportedly preparing to file for bankruptcy.Unnamed sources familiar with the matter told the local Indianapolis Business Journal that the Chapter 11 filing may come as soon as March, although the company is still seeing an out-of-court solution to avoid bankruptcy.The retailer, which reported a 24 percent decline in sales during the October-December holiday period, announced last week...

Major Appliance Biz Begins 2017 With A Bang

The major appliance industry got off to a solid start in the new year.According to the latest monthly vendor data compiled by the Association of Home Appliance Manufacturers (AHAM), factory shipments of white-goods were up 6.4 percent in January, to approximately 5.4 million units.What’s more, the numbers were up for every major product category year over year, as retailers stocked up for...

Exclusive: Sears Licenses Kenmore Brand To Permasteel For Gas Grill Line

Sears Holdings has taken another step toward monetizing its portfolio of famed house brands.The retailer has forged a deal with Permasteel, a Pomona, Calif.-based maker of competitively priced grills, decorative ice chests and outdoor patio heaters, to manufacture and sell a line of Kenmore and Kenmore Elite branded gas grills to other U.S. retailers.Sears said the agreement represents “the first...

New Age Adds Raycop Allergen Vacuums To Product Array

New Age Electronics, the national CE, IT and gaming distributor, has expanded its growing small appliance roster with the addition of allergen vacuums from Raycop.Under terms of a newly inked agreement, New Age, a division of global supply-chain services company Synnex, will distribute the manufacturer’s Raycop RS2 and Lite product lines to the North American retail channel.Raycop's RS2 and Raycop...

Electrolux Preparing ‘Historic’ Frigidaire Push

Electrolux is about to unleash its pent-up manufacturing and marketing might behind its iconic Frigidaire brand.Starting in April and extending through the summer, the Swedish majap maker will introduce more than 700 new products (including various finishes and product variations) across the Frigidaire, Frigidaire Gallery and Frigidaire Professional badges, spanning all appliance categories.The...

Staples Testing 3D Printing Service

New York — Staples is testing 3D printing services in two stores through a partnership with hardware and software provider 3D Systems. ...

Samsung Launches Smart Home Service

Seoul, South Korea – Samsung will begin rolling out a proprietary connected-home platform in the U.S. and Korea this month. Its Smart Home Service, first announced at 2014 International CES, will allow users to operate select Samsung home products including smart TVs, majaps, cameras, smartphones and wearable devices through a single application, which connects the devices through a wireless home...

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