Electrolux Design Lab 2008 Finalists

Electrolux’s Design Lab 2008 finalists have been announced and, as the promotional video (click the read more to view it) shows it has some very different ideas about appliances as usual. This year’s nine Design Lab finalists inventing and designing a variety of ambitious devices that might make …

Mitsubishi To Quit Washing Machine Business

Although Mitsubishi Electric Corporation doesn’t sell large appliances in the UK it is interesting that it plans to terminate its washing machine business, which started in 1956. Production will be terminated in October 2008, with marketing slated for termination as soon as it runs out of invento…

AIG In Financial Trouble!

The BBC and others have reported this morning that shares in American International Group (AIG), the world’s largest insurance firm have fallen 18% to $23.84, their biggest fall in more than two decades. It had reported another quarterly loss as profits were wiped out by writedowns on mortgage-re…

MFI – Mergers & Rows

There seems to be a lot of news but not a lot of substance over what’s going on at MFI. So far there’s rumours of a merger with Homeform, a British rival, which owns brands Moben, Kitchens Direct, Sharps and Dolphin. As time wears on this seems to be more and more widely reported giving more weig…

Kesa (Comet) Issues Warning As Sales Drop

Kesa Electricals, owner of the Comet chain, has warned that falling sales will lead to a loss in the first half. Like-for-like sales at its Comet stores sank 9.9% in the three months to the end of July, against a 0.4% rise in the first quarter

More Bad News For Currys & Comet as Casino Come To The UK

It has emerged that there is yet more bad news for beleagured British electrical retailers today, when it emerged that French retail giant Casino is entering the UK internet market. Casino plans to launch its electricals-led cdiscount.com with cut-price goods offered at between 20% and 50% off co…

Extended Warranties To Come Under Fresh Scrutiny

The Guardian has reported that extended warranties sold with electrical goods look as they will fall under fresh scrutiny by consumer rights activists and the Office of Fair Trading. The Consumer Protection from Unfair Trading Regulations – which came into force because of an EU directive at the …