Electrolux is introducing a new “Appliance-as-a-Service” program for landlords in Europe. They have just signed their first customer in Sweden—Stockholms Kooperativa Bostadsförening (SKB), one of the largest landlords there. SKB is onboard with a subscription-based business model where they pay a monthly fee for Electrolux to install, care for and repair their products. This program should prolong the appliance life…
Electrolux North America had a series of price hikes helped offset the impact of soaring inflation and limited inventory. This helped them report good sales and profits in the first quarter or this year. In Electrolux’s North American released first-quarter financial report where the company posted a 10.4 percent increase in net sales and a 53 percent jump in operating…
One of the world’s biggest home appliances manufacturer expects things to get back to normal. Inflation should settle down later this year as Covid-19 brings about a normalization for demand for consumer goods, according to the head of the world’s second-largest home appliances manufacturer. A lot of money has shifted from services to goods during the pandemic. That put pressure…
