Textron Buys Electrolux’s Finance Business
The distribution finance group of Textron Financial, based here, has acquired the inventory finance business of Electrolux Financial (EFC). The newly acquired unit is...
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The distribution finance group of Textron Financial, based here, has acquired the inventory finance business of Electrolux Financial (EFC). The newly acquired unit is...
Thanks to a feature set that includes high energy and water efficiency, large capacities, great performance, and bold, futuristic styling, front-load washers have captured...
The once-staid major appliance business has been anything but in recent seasons. Thanks to enormous shifts in channel preference; an overheated housing market; successful...
What LG Electronics touted as the world’s first washing system to incorporate steam technology was debuted to the trade last month at the Kitchen/Bath...
Kirschman’s, a five-store appliance and electronics retailer with $60 million in annual sales and based in New Orleans, has chosen to stay with the...
Given the distraction of a multi-billion-dollar merger with a former competitor, Whirlpool unveiled a truncated assortment of new additions to its laundry and kitchen...
Electrolux brought high concept to the Kitchen/Bath Industry Show (K/BIS), held here last month at McCormick Place. The centerpiece of its mammoth exhibit booth...
At this past weekend’s Kitchen/Bath Industry Show (K/BIS), held here at McCormick Place, GE unveiled two new bottom mount refrigerators under its premium Monogram...
Attendees at this month’s Kitchen/Bath Industry Show, which opens its doors April 20 for a four-day run at the McCormick Place exhibition center, here,...
Retailers largely lauded Whirlpool’s long-anticipated acquisition of Maytag, which closed late last month after the United States Department of Justice (DOJ) cleared the way...
The Home Depot has expanded its major appliance departments in test stores in anticipation of possible additions to its white goods brand assortment, a...
White goods are on a roll for the NATM Buying Corp., which enjoyed a 10 percent increase in unit sales of majaps year-to-date and...
Sears Holdings said it will convert its 50 Sears Essentials locations to downsized Sears Grand stores beginning next quarter. Sears Essentials was introduced one...
In a keynote address at the Nationwide Marketing Group’s recent PrimeTime! convention here, Jim Campbell, president/CEO of GE Consumer & Industrial, urged white-goods dealers...
Best Buy has completed its previously announced purchase of Pacific Sales Kitchen and Bath Centers, the nation’s 10th largest white-goods dealer. Pacific, a privately...
Whirlpool and Maytag have agreed to not close their planned merger before March 30 without the say-so of the U.S. Department of Justice in...
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Whirlpool posted record sales and earnings for the fourth quarter and full year in 2005. The company reported global net earnings of $126 million...
Three majap manufacturers have announced changes in their senior ranks this month. The highest-level switch was LG’s appointment of Soon H. Kwon to president...
GE turned heads at this month’s International Builders’ Show (IBS), held here at the Orange County Convention Center, and not just because of its...
An expert on major appliances — or majaps as the trade lingo goes — I am not. If a device has a processor, hard...
Thermador has developed a collection of modular built-in refrigerators that will allow consumers, designers and builders to further customize kitchens by placing separate refrigerator...
Whirlpool and Maytag have moved back the shareholder vote date for their proposed merger to Dec. 22, to give stockholders time to receive and...
Maytag has named Arthur Learmonth acting president of the company’s appliance division, a new position. Learmonth, previously head of Maytag’s service unit, assumes expanded...
Sharp is now shipping its AX-700S superheated steam oven, which is built upon a unique technology that combines heat, steam and superheated steam to...
Maytag has set Dec. 16 as the date for shareholders to either endorse or vote down the company’s proposed acquisition by Whirlpool. In a...
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Record third-quarter revenue, unit shipments and operating profit highlighted financial results at the North American operation for majap maker Whirlpool, with market share results...
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Whirlpool’s acquisition of Maytag moved closer to possible completion this month with Whirlpool’s filing of a prospectus and a proposed proxy statement for Maytag...
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Viking and Sub-Zero tied for top honors as the two “most prestigious brands,” according to a survey by the Luxury Institute. Wolf came in...
The major appliance industry continues to lead other business sectors when it comes to customer satisfaction, and within white goods, Whirlpool, GE and Maytag...
Major appliances, including products under Sears’ private label Kenmore brand, will be sold in about 50 Kmart stores by year’s end as the two...
A coalition of 15 states and the city of New York has sued the federal Department of Energy (DOE) for failing to adequately raise...
In arguments addressing antitrust concerns stemming from its proposed acquisition of Maytag, Whirlpool has indicated “a complete lack of opposition to the transaction” from...
BrandSource executives commented about industry issues and other future plans for the buying group at their annual convention here last week. Here are a...
Scottsdale, Ariz. — Despite a decline in membership, the MARTA Cooperative of America is enjoying its best year in recent memory, with group volume...
President Bush has signed into law a federal energy bill that could help boost sales of energy-efficient appliances by providing tax credits to vendors...
Whirlpool is poring over Maytag’s confidential due diligence documents in an effort to submit a formal acquisition bid for the company by Aug. 9...
Haier America Trading has dropped its bid for Maytag in the wake of Whirlpool’s surprise $1.33 billion offer to acquire the ailing appliance giant....