Electrolux Increases Estimate of Full-Year U.S. Appliance Demand
Appliance Magazine - Breaking News, October 31, 2013
Swedish-based appliance giant Electrolux reported third quarter 2013 net sales of SEK 27,258 million (approx. US$4,213 million), up slightly from SEK 27,171 million in the third quarter of 2012. Income in 3Q 2013 was SEK 656 million (approx. $101 million), up from 3Q 2012''s SEK 923 million. Organic...
National Presto Saw Big Drop In Quarterly Appliance Sales
Appliance Magazine - Breaking News, October 31, 2013
National Presto Industries, Inc. (Eau Claire, WI) said third quarter 2013 sales were down 19.6% in its Housewares/Small Appliances business, compared to third quarter 2012 sales. "Housewares/Small Appliances sales were off 19.6% reflecting cautious customer ordering," said Maryjo Cohen, president of...
Spectrum Brands Deadbolt Turns Smartphone Into House Key
Appliance Magazine - Breaking News, October 31, 2013
Spectrum Brands'' Kwikset brand launched the Kevo smart lock, a Bluetooth-enabled deadbolt for the home. Homeowners can install Kevo and download a mobile iPhone app to serve as a key for the lock. The app allows the homeowner to: * unlock the door with their smartphone * send electronic keys (eKeys...
Appliance Store Sales Up in September
Appliance Magazine - Breaking News, October 31, 2013
Electronics and appliance stores'' sales were up in September, as were sales in most other retail sectors with the exception of automobiles, according to the National Retail Federation''s read of data from the U.S. Census Bureau. Factoring out car, gas station, and restaurant sales showed sales gain...
Manitowoc Commercial Appliance Earnings Up Slightly
Appliance Magazine - Breaking News, October 31, 2013
The Manitowoc Company, Inc., reported third quarter 2013 sales of $1.015 billion, up 7.1% from $947.5 million in the third quarter of 2012. The company has two primary business segments: the Foodservice Segment, making commercial appliances, and the Crane Segment. The third quarter overall sales inc...
Consumer Sentiment on Technology Spending Highest Since 2007
Appliance Magazine - Breaking News, October 29, 2013
October 2013 consumer confidence toward technology spending jumped to the highest level since 2007 and sentiment toward the overall economy increased two points in October, according to data from the Consumer Electronics Association (CEA). CEA''s Index of Consumer Technology Expectations (ICTE), mea...
Color Trends in Kitchen Design
Appliance Magazine - Breaking News, October 29, 2013
Australian-based kitchen design firm Freedom Kitchen says timber grain and blocks of color are trending. The firm''s National Sales and Design Manager Susan Hasler said four top color trends should be considered by homeowners when developing a kitchen design palette: Color Blocking is currently a st...
Gree Ranked No. 1 in Chinese CAC Market Share
Appliance Magazine - Breaking News, October 25, 2013
Gree was named No. 1 in Chinese commercial air-conditioner (CAC) industry, with a market share of 15.2%, according to Chinese industry magazine HVAC Info. The Chinese CAC Industry Development Report for the first half of 2013 assessed 60 CAC manufacturers, including major players such as Daikin, Mid...
Spectrum Brands Opens New World Headquarters
Appliance Magazine - Breaking News, October 25, 2013
Small appliance maker Spectrum Brands Holdings said its world headquarters, several North American divisional operations, and its technology center have moved into a new, more economical and energy-efficient facility in a suburb of Madison, WI. In January 2012 the company announced plans to move to ...
Lennox International 3Q Revenue Up 8%
Appliance Magazine - Breaking News, October 25, 2013
Lennox International Inc.''s third quarter 2013 revenue was up 8% at constant currency, led by 13% growth in its Residential HVAC business. Revenue in 3Q 2012 was $868 million, up 8% at constant currency from 3Q 2012 and up 7% when including the negative impact of foreign exchange. "In our Residenti...
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