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…
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…
Speed Queen wants to give back to heroes who give so much of their time to love animals in need. Across the country, Speed Queen is donating pairs of its ultra-quiet TR7 top-load washer and DR7 sanitizing dryer with Pet Plus sanitizing and fur-removal cycles to select foster pet care providers. As the official laundry partner of BFAS, the Speed…
Like everything else, inflation has caused a spike raw material costs which is effecting Whirlpool’s bottom line this year. To combat it the appliance maker is cutting global production by 35% to align with lower consumer demand. Last quarter Whirlpool ended with healthier inventory levels because it produced less than it sold. Their senior executives told investors they don’t expect…
Sharp Home Electronics Company of America (SHCA) wants to replicate the in-store shopping experience with new innovative online, virtual kitchen that includes interactive access to their kitchen appliances. Sharp introduced the Virtual Kitchen Showroom that features three-dimensional renderings of their kitchen appliances and how each product as it is meant to be. The Sharp Virtual Kitchen Showroom includes: Using digital provides…
