- Majap Makers Tap Builders' Channel
LAS VEGAS— For major appliance manufacturers, the combination of robust new home construction and wavering retail sales lent an added urgency to this year's International Builders' Show, held last week at the Las Vegas Convention Center. To ensure their fair share of the contract channel, vendors played up to the ......
- Majap Makers See Riches In Niches
ORLANDO, FLA.— Faced with a moribund marketplace, lower average selling prices and core line competition from Asian contenders, the Big Four players in major appliances are aggressively pursuing upscale niches that had once been the province of specialty vendors alone. Efforts by Electrolux, GE, Maytag and Whirlpool to tap into ......
- LG Places Major Program With Best Buy
Englewood Cliffs, N.J.— In a major major appliance coup, Korean brown and white goods manufacturer LG Electronics will begin supplying a collection of refrigerators, washers, dryers and microwave ovens to Best Buy. The assortment, which will include "many" exclusive SKUs, will be available at all 500-plus Best Buy stores nationwide ......
- K/BIS Promises Plethora Of Premium Appliances
Chicago— Attendees at this month's Kitchen/Bath Industry Show, which opens its doors April 20 for a four-day run at the McCormick Place exhibition center, here, will be treated to a gangbuster cluster of fully featured and margin-rich majaps in response to heightening consumer tastes. Here's a preview of what's in ......
- Textron Buys Electrolux's Finance Business
North Wales, Pa. — The distribution finance group of Textron Financial, based here, has acquired the inventory finance business of Electrolux Financial (EFC). The newly acquired unit is now part of Textron Financial's technology finance division, but will continue to operate from its former headquarters in Columbus, Ohio. EFC provides ......
- LG's Herrington Outlines Goals As New Majap Chief
ENGLEWOOD CLIFFS, N.J. — John Herrington, the just-appointed president of LG Electronics' digital appliance division, isn't resting on his laurels. As the company's former sales VP, Herrington played a major role in taking the brand from zero market share in 2002 to more than 5,000 doors today. But rather than ......
- Aga Acquires Amana Corp. Products
Aga Foodservice Group announced it acquired Amana’s commercial microwave division from the Whirlpool Corp., its parent company. Under the agreement, Whirlpool will continue to manufacture Amana’s microwaves at the Amana, Iowa, plant for two years until Amana moves to a new, stand-alone facility. The agreement came about as Whirlpool decided ......