Kesa Electricals, the owner of the Comet chain of electrical stores, has unveiled a drop in sales but said it was holding market share and on course to top last year’s group profits. Comet same-store sales fell four per cent from January 9 to April 30 with total sales dropping by 3.4 per cent. Th…
Category: Domestic Appliance News
Domestic Appliance News
All the latest general news from the domestic appliance industry that we find all over the world, and stories that are of interest to the trade and public, often with our own unique non-politically correct spin on it.
We cover almost anything interesting to do with appliances or that affects the industry, including new product releases, scandals, recalls, mergers, takeovers and all the other juicy appliance news from around the world.
If you have a story to share, please let us know or contact us on admin@ukwhitegoods.co.uk or contact Kenneth here
Currys Report Increased Profits
DSGi, the owner of high street brands Currys and PC World beat second-half expectations, posting a 6pc rise in second-half underlying sales, and said it would hit full year pretax profit targets of between £80m and £90m. The company has also refinanced, finalising a new revolving synd…
Indesit Reports Strong Growth
The Indesit Company has announced “positive results” for the first quarter of 2010, with net profit of £16 million against losses of £15 million a year ago. Group revenues were up 1.8 per cent, at £601.4 million, and net financial indebtedness fell by £275.2 million to &…
Gorenje In Talks To Buy Asko
Details at this time are very, very sketchy as we’ve only just received initial reposts but, indications would seem to suggest that Gorenje is about to buy Swedish Asko, which is part of the Italian Antonio Merloni group and the end of 2008 from a bankruptcy, it was reported on Thursday.
Glen Dimplex Hit By Strike Action
It is reported that a fall in sales has forced Prescot cooker manufacturer Glen Dimplex Home Appliances to cancel the third instalment of a three-year pay deal, leading to industrial action at the Stoney Lane site. Almost half the 800-strong workforce belong to the Community Union and have voted …
AGA Rangemaster Reports Good Results
British upmarket cooker and refrigerator maker Aga Rangemaster Group said it continued to expect 2010 revenues ahead of 2009, driven by new products. The company said trading in the four months ended April 30 was in line with expectations.
Former Legal Council For Samsung Claims It’s The Most Corrupt Company, Like Ever
The New York Times has published that bribes, prosecutors on the take, tax evasion and slush funds are common events at Samsung. It sounds like organized crime, but if we’re to believe Kim Yong-chul, author of Think Samsung, all these terrible things happen at popular electronics company Samsung,…
Indesit’s Show Wrecked By Icelandic Volcano
Indesit has cut short its conference and incentive client event in Italy this week because of the volcanic ash disrupting flights throughout Europe. The company took 85 distributors, and representatives from independent and major chain retailers to Milan this week, with the majority arriving on 1…
Samsung Want To Be Number 1
Samsung said on Tuesday (again) it aims to become the world’s largest maker of washing machines in three years, hoping its new power-efficient washers would help it lead the North American and European markets. Samsung, which has rolled out 11 new front-loading washers for the domestic market, pl…
LG & Big Washing Machines
LG has said that its improved drum washing machines have gained popularity in Europe over the past six months. LG Electronics has sold more than 10,000 units of the “Big-in” drum washer in Britain, Germany, Spain and Italy since October of last year, the company said.