Whirlpool Profit Falls 53% In Q1
BENTON HARBOR, MICH. – Higher costs, lower demand and a reduction in tax credits led to a 53 percent decline in Whirlpool’s first-quarter profits....
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BENTON HARBOR, MICH. – Higher costs, lower demand and a reduction in tax credits led to a 53 percent decline in Whirlpool’s first-quarter profits....
CHICAGO – Majap exhibitors continued to eschew last month’s Kitchen/Bath Industry Show (K/BIS), while some, including Whirlpool, GE and Sears, used their permanent facilities...
NEW YORK – It’s been a long time since shoppers have been greeted on majap retail floors by a “sea of white.” The advent...
WASHINGTON – Four offshore majap makers dodged a very large bullet today after the U.S. International Trade Commission (ITC) unanimously ruled in their favor...
MAHWAH, N.J. – Sharp Electronics Marketing Company of America (SEMCA) has consolidated distribution of its cooking and home-comfort lines down to two distributors within...
NEW YORK – Major appliances made a strong showing at last month’s 11th annual Architectural Digest Home Design Show (ADHDS), one of the country’s...
ORLANDO, FLA. – Last month’s restructuring of Whirlpool’s U.S. sales force moved it from a channel-based to a territory-based organization. Whirlpool buying group director...
WASHINGTON – Offshore majap makers are facing possible double-digit import duties on bottom-mount refrigerators following last week’s determination by the U.S. Department of Commerce...
ORLANDO, FLA. – Online marketing and a diversified product mix were among the top takeaways from MEGA Group USA’s biannual convention and buy fair....
ORLANDO, FLA. – While the major appliance market is still challenged, Nationwide Marketing Group executives said that trends and efforts by the group are...
ORLANDO, FLA. – As product general manager for GE Appliances, Brett BeGole is responsible for the company’s kitchen and laundry lines, and has a...
MILWAUKEE – U-Line, the premium undercounter appliance maker, said it is marking its 50th anniversary this year with a new line of modular under-counter...
HOFFMAN ESTATES, ILL. – Sears Holdings reported a net loss of $2.4 billion in its fiscal fourth quarter, and revealed the sale of 11...
BENTON HARBOR, MICH. — Whirlpool’s fourth-quarter earnings rose 19.9 percent to $205 million on improvements in its North American business. Net sales for the...
STOCKHOLM, SWEDEN – Lower prices, higher raw-material costs and weak demand contributed to a 68 percent decline in Electrolux’s fourth-quarter earnings. Profits totaled 220...
INDIANAPOLIS – hhgregg is looking to become the nation’s next appliance giant. The multiregional majap, CE and furniture chain predicted that white goods will...
WASHINGTON — Factory shipments of major appliances rose 3.7 percent in December, to some 5.1 million units. The increase was likely spurred by last-minute...
LAS VEGAS – LG Electronics unveiled a full roster of majaps at International CES last month, giving much of its Central Hall real estate...
LAS VEGAS – White goods found common ground with brown goods at Haier America’s International CES booth here earlier this month, where the company...
LAS VEGAS – Premium majap brand Thermador introduced a full-surface induction cooktop at 2012 International CES. Like all induction models, the company’s Freedom cooktop...
LAS VEGAS — LG is unveiling an extralarge capacity three-door refrigerator (model LFX31935) this week at International CES that features a proprietary “blast chiller”...
NEW YORK – All in all, 2011 is a year that most appliance retailers and manufacturers would probably prefer to forget. The category, which...
SEOUL, SOUTH KOREA – Young-Ha Lee has stepped down as president/CEO of LG Electronics’ digital appliance unit after seven years. He was succeeded by...
NEW YORK – Continuing a recent trend, major appliances held a prominent place in Black Friday promotional calendars last month. This year, French-style refrigerators...
HUNTINGTON BEACH, CALIF. – Fisher & Paykel Appliances will begin shipping the next phase of its popular DishDrawer dishwasher line this month in the U.S....
HARTFORD, WIS. – Broan-NuTone has added a fourth model to its Broan Evolution line of range hoods. Like its predecessors, the new QP4 was...
HUNTINGTON BEACH, CALIF. – Fisher & Paykel’s DCS brand will introduce an enhanced counter-depth French door refrigerator that utilizes the company’s “ActiveSmart” sensorcontrolled technology...
STOCKHOLM, SWEDEN – Weaker demand, lower prices and higher raw materials costs led to a 40.2 percent decline in Electrolux’s third-quarter profits, to $128...
Dacor has begun shipping the Renaissance line of 30-inch single and double wall ovens, representing its eighth generation of cooking products. The new models...
MEMPHIS, TENN. — Electrolux Major Appliances North America (EMA-NA) broke ground this month on two major construction projects in Tennessee. The company is converting...
HOFFMAN ESTATES, ILL. – Sears has expanded its premium Kenmore Elite private-label line with new cooking, refrigeration and laundry products that boast several state-of-the-art...
BENTON HARBOR, MICH. — Whirlpool launched its second annual Great American Road Trip last month, which will provide thousands of sales associates with face-to-face...
WASHINGTON — Big demand for room air conditioners during the dog days of August helped prop up wholesale sales of major appliances last month....
BUFFALO GROVE, ILL. – LG Electronics USA has officially opened its first U.S.-based R&D center for major appliances. The $6.5 million, 30,770-squarefoot facility, located...
ENGLEWOOD CLIFFS, N.J. – LG Electronics is bolstering its efforts to enforce MAP policy. While the manufacturer has long maintained limits on advertised discounts...
HUNTINGTON BEACH, CALIF. – A recent national survey fielded by Impulse Research on behalf of Bosch revealed two major consumer misperceptions about dishwashers. According...
MINNEAPOLIS – Best Buy has carried its Perfect Match TV promotion over to major appliances. Like the video version, the Perfect Match Promise for...
NEW YORK – Thirty-five percent of laundry-pair print ads offered instant rebates from January through July, an increase of 6 percent year over year,...
MOORESVILLE, N.C. — Lowe’s has eliminated a number of merchandising and regional divisions to improve efficiencies, increase speed to market for new products and...
Lowe’s, Samsung Top J.D. Power Ratings WESTLAKE VILLAGE, CALIF. — Samsung took the top spot in laundry and Lowe’s was No. 1 in retail...
PHILADELPHIA — National majap and CE distributor Almo Corp. has been tapped to provide the premium Bosch home appliance line to small- and medium-sized...
WILMINGTON, DEL. – The U.S. district court in Delaware has affirmed a March 2010 jury finding that LG side-by-side refrigerators infringe Whirlpool’s patented in-door...