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…
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…
Magic Appliance Corporation, a China appliance manufacturer specializes in production and sale of high-end built-in refrigerators has upgraded their mini fridge. Magic Chef has been a household name for more than 90 years. Home chefs turn to them for dependable, easy-to-use kitchen appliances. Their compact refrigerators are a great solution for small or large spaces. The newly upgraded Magic Chef…
