Shoppers should be able to keep tabs on how much a washing machine or fridge costs to run for a year under plans to help families curb energy bills. Ministers will ask stores to display the annual electricity costs for white goods and appliances on price tags. This would bring them into line with…
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Dixons Cutting Costs Due To December Losses
Dixons (Currys etc.) has suspended a major supply chain technology rollout due to cost pressures, it has been reported. According to technical newswire Computerworld UK, the company has pulled back from deploying the supply chain module of a SAP enterprise resource planning solution to reduce cos…
Electrolux Merger Or Takeover?
Now this article really is a surprise and one I never thought I would be writing but, it is being mooted that Electrolux, the world’s second largest appliance manufacturer could be ripe for a takeover according to a Wall Street Journal article.
Arçelik Moving To India?
The Hürriyet Daily News has reported that four years after acquiring a Chinese company, Arçelik, Turkey’s biggest white goods maker (Beko in the UK), may be planning an investment that would enable it to manufacture appliances in India, on of the few expanding markets for large …
Electrolux Poised To Buy Daewoo As Entekhab Bill Stalls
Electrolux is still interested in buying Daewoo according to reports today, should the takeover of the bankrupt South Korean appliance maker by an Iranian rival fall through, Chief Executive Officer Keith McLoughlin said. Creditors of Daewoo last year agreed to an offer from Entekhab Industrial G…
LG Number One Market Share in Front-Load Washer Revenues
LG have issued the following press release: LG Electronics-brand residential front-load clothes washers achieved the number one share of the U.S. market, based on revenues, during the fourth quarter of 2010, according to market data from The Stevenson Company’s TraQline report. This marks the 16t…
Appliance Prices To Increase
Appliance makers LG, Whirlpool and Electrolux are raising prices to pass soaring raw material costs on to customers, but their attempts may not pass muster with bargain hungry shoppers. Both Whirlpool and Electrolux reporting quarterly profits that fell short of estimates as they grapple with tep…
Domestic & General Celebrates Five Million UK Customers
Domestic & General, the leading specialist warranty services group, is delighted to announce it has reached the milestone of five million customers in the UK. For over sixty years Domestic & General have been looking after people when things go wrong. Our primary focus is on providing pro…
Comet Closes Service Centres
As reported in the forums a few days ago, electrical retailer Comet which is owned by Kesa is to close fourteen UK service centres. The move will likely see the loss of around 114 jobs and a consultation period has begun on Monday over the redundancies.
Whirlpool Profits Hit By Increased Costs
Whirlpool is raising prices of its goods this year to combat rising costs of materials like steel, plastics and paint, echoing a similar move from Swedish rival Electrolux. Whirlpool missed quarterly profit estimates and plans to boost productivity as it waits for demand in mature markets l…