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…
Electrolux said it plans to sell its nine year old Memphis, Tennessee cooking plant that has been sitting idle since June for approximately $82.5 million. The all-cash deal is expected to close this quarter to an unnamed buyer. After shifting production from Canada, Electrolux opened the 750,000-square-foot facility in November 2013. It cost the company $266 million to build, offset…
Miele has developed a new steam oven with HydroClean self-cleaning function. Since grease splashes and food residue soil the stainless-steel oven interior after cooking, with the new HydroClean self-cleaning function, burnt-on food can be completely and effortlessly removed giving an oven interior its new look. The cleaning feature works after cooking and all accessories are removed. The HydroClean function uses…
