Late 2011 was not a fun time for Whirlpool. Falling appliance had led management to orchestrate a significant restructuring that resulted in hefty layoffs and the company's stock got caught up in worries about the survival of retailer Sears Holdings, for which it makes the Kenmore line. Fast forward a year and change though and it's quite a different story. The stock doubled in 2012 and after a strong earnings report added another 6.1% Thursday to close at $115.38. The gain was built on profits that beat expectations at $2.29 a share
The largest French-door refrigerator in its class and a washing machine that will notify your smart phone when the laundry is done were among the innovations on display at Samsung's Make Your House Work Event, held yesterday at Milk Studios in downtown Manhattan. Ranges, dryers, and other appliances joined the unveiling of 2012 products.
To help talk up the new product lines, Samsung brought in a panel of lifestyle gurus, including Liz Pryor of Good Morning America; Christina Stanley-Salerno, founder of TakeBackYourTable.com; and Julie Morgenstern, a professional organizer and best-selling author of Organizing
I have known Sears Holding and its predecessor companies Sears Roebuck and Kmart for many years. I appreciated the strength of Sears as a retailer of hard lines including Kenmore appliances, Die Hard Batteries, and Craftsman tools - three leading brand names that were exclusive with Sears. Most of the luster of the company is gone and recent reports worry me and I wonder if the company can reverse its course and will survive. Essentially I ask myself if Sears is a dynamic merchandising company or an albatross in the making.
Sears Holdings Corp Chairman Edward Lampert laid out a blueprint for boosting results, calling for everything from investing millions of dollars in the retailer's "Shop Your Way" rewards program to improving the layout and signs in its stores.
The plans, unveiled at Sears Holdings' annual meeting on Wednesday, come after years of criticism that the company has underinvested in its stores, resulting in lower sales every year since Lampert combined Sears with Kmart in 2005.
"We are not here to just survive. We are here to transform," Lampert, who is Sears'
Sears Holdings announced Thursday that it has named Steve Haber its new senior vice president and president of Home Appliances.
Haber comes to the company after a long association with Sony, where he was most recently executive vice president of Sony Electronics' Consumer Product Group.
Sears Holdings Corp. has named a former Sony Electronics executive to head its home appliances division. The Hoffman Estates-based retailer, which runs Kmart and Sears stores, said Thursday that Steve Haber will serve as senior vice president and president of the home appliances unit. In leading the division, Haber will look to continue driving the unit's profits higher.
He replaces Dev Mukherjee, who resigned from the post earlier this month.
"Home Appliances is a cornerstone of our business and our Kenmore brand is in the lives of 100 million Americans," Ron Boire
Sears Holdings Corp.'s home appliances chief is leaving the company, the Tribune has learned. Dev Mukherjee, president of the home appliances business at Sears since November 2010, plans to leave the Hoffman Estates-based retailer by the end of this week, said Sears spokesman Chris Brathwaite.
Sears, the nation's largest seller of appliances, didn't give a reason for his departure. The company expects to announce a replacement "in the next few weeks," Brathwaite said.
Mukherjee, a former marketing executive atMicrosoft Corp.andIBM Corp., is the Sears third appliance chief to leave the company in four years.
In the beginning, when they were still called ice boxes, refrigerators had a single door. By the middle of the 20th century, two-door top-freezers were commonplace, and were followed by a couple variations on the theme: the bottom-freezer and the side-by-side. In the late 1990s, three-door French-door refrigerators started gaining favor, and in the last few years sales of four-door refrigerators have really picked up. What's next? Alas, the five-door fridge will have to wait. But the new Kenmore Elite 7206 refrigerator, which recently arrived in the Consumer Reports refrigerator lab
Sears stores opened their doors at 4 AM on Black Friday and reported customers lining up as early as midnight to take advantage of promotional discounts like a Kenmore washer/dryer set pair at $469.99.
Sears store deals included a Seiki TV for $199.99 and a Sylvania seven-inch tablet for $79.99. Consumer electronics were big sellers at both Sears and Kmart stores.
Sears stores also reported more customers taking advantage of its integrated retail shopping channels.
Merchandise Pick-Up was busy on Black Friday with shoppers picking up purchases that had been made on Sears.com on Thanksgiving Day. Sears made Black Friday
Sears, Home Depot and Lowe's want you to enjoy a Happy Thanksgiving with your friends and family.
While they plan to open their doors early on Black Friday like other retailers, these big box stores have already started their sales events including substantial discounts on new appliances that'll ease your holiday cooking and cleaning up. We saw prices slashed on some of the refrigerators, dishwashers, cooking appliances and laundry equipment that Consumer Reports recommends as well as discounts on models we didn't like so much.
"It's a great time of year to shop for appliances because our suppliers give