The Consumer Product Safety Commission announced, due to a fire hazard Samsung is recalling approx. 663,500 top-load washing machines. According to Samsung, there have been 51 washer incidents reports that involved smoking, melting, overheating or fires. 10 incidents caused property damage and three customers reported smoke inhalation injuries. Samsung noted the issue within the control panel of the affected models…
LG Electronics is partnering with ASLEEP, to develop customized next-generation smart home appliances optimized for customers’ sleep conditions. ASLEEP is a South Korean sleep-tech AI startup that specializes in sleep diagnosis. The company signed an agreement for ‘sleep research cooperation’ that will work to develop new smart home appliances, including refrigerators, TVs, air conditioners and washing machines to integrate ASLEEP’s…
Just like cars that are going electric, the trend towards indoor cooking is too. The world is more environmental friendly and the use of natural gas in kitchens is getting negative attention. Consumers are moving away from gas and switching to induction cooking. Gas stoves are a significant source of indoor pollution making people more open to electric induction cooktops…
Whirlpool Cuts Earnings Outlook After Consumer Demand Drops Whirlpool Corp. reported they are reducing their forecast for the rest of year due to consumer demand dropping and is lower than they expected sales and profitability for Q3, 2022. High inflation affected the third-quarter profitability and led to a decline in consumption. Since late 2020, Whirlpool has hiked prices almost every…
If there’s one thing that’s certain, the average costs to run a home repair business in 2022 is very different from the costs just a year ago. Inflation has impacted everything. Retail appliance prices have increased around 20 percent and wholesale appliances prices have increased three to five times over the last couple of years. The home repair industry has…
