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…

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…

Jobs Under Threat At Comet

More than twenty jobs could be lost at Comet after it announced today it was closing its Croydon service centre. A 30-day consultation with the centre’s twenty four employees has begun, but the company admitted their positions “may not be viable”.

Electrolux Acquisition Of Olympic Group On Track

Electrolux said on Monday that it is too early to say if the political turmoil in Egypt will impact its planned acquisition of Cairo-based household appliances maker Olympic Group.  “We are of course following the development in Egypt closely,” said Electrolux spokesman Erik Zsiga.

Whitegoods Meeting February 2011

For those that missed it, the next Whitegoods meeting is scheduled for the 25th February 2011.  It is once again shaping up to be one of the largest meetings that we have held and there are many companies from within the industry attending including spares distributors, appliance distributor…

Repairer Photos Of Wrecked Candy Washers

You may have seen the recent news items and photographs of the failing Candy and Hoover washing machines which are, to be blunt, quite spectacular in the way that they are failing. Obviously Trading Standards are investigating this sort of failure but, in the meantime, please feast your eyes on t…

Survey Reports Missing Socks Cost £240 A Year

The Daily Mail has reported that (for some strange reason) that a study has been carried out on socks and other small items that go missing from the laundry. The article goes on to state that this isn’t just a domestic nuisance it can cost a £240 a year per household.  Researchers have…