home appliances

Retail Asia13/02/2019

Balmuda, a Japanese high-end home appliance maker, is introducing a new air purifier in Korea today ahead of the rollout in Japan, where the launch date has not been set. Balmuda CEO Gen Terao emphasized the importance of the Korean market during the company’s first press conference in Korea Tuesday as he unveiled The Pure air […]

Retail Asia13/02/2019

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Struggling department store chain JC Penney announced it will exit its home appliances business, and some of its furniture business, while revamping the layout of its stores to focus on clothing sales to boost profits. The company, which hasn’t turned a profit since 2010 and has forecast several more years of losses, said it would […]

Retail Asia23/01/2019

As fine dust blows into Korea, demand for products that defend against pollution spike. According to an Emart study released Friday, mask sales between Jan. 10 and Jan. 16 surged 458 percent from the same period a year earlier while the sales of air purifiers are up 414 percent. Usually, the products are in high […]

Retail Asia20/12/2018

LG has established a new research laboratory committed to advances in fridge, oven and other home-appliance technologies. LG Electronics opened the 6,760-square-foot Food Research Institute on Monday at Changwon, South Gyeongsang. At the center, researchers will develop technologies that can be applied to the company’s home appliances, such as refrigerators, kimchi and other specialty food fridges, […]

Retail Asia04/12/2018

Gome Retail has plunged US$64million into the red as its restructuring program takes its toll. The company took the unusual step of releasing third-quarter financial data, which shows group sales were down 11.2 per cent in the first nine months of the year, to $7.3 billion. Total gross merchandise volume (GMV) of the group for […]

Retail Asia21/11/2018

Home appliance companies are building their rental service businesses as the trend is for consumers to value experience more than ownership. With the growing size of the local home appliance rental market, some companies have started management services to take care of rental customers, while others have set up entire rental business subsidiaries. On Nov. […]

Retail Asia26/01/2016

US industrial giant General Electric will sell its appliances business to China’s Haier Group for USD 5.4 billion, it said today, in one of the largest Chinese acquisitions of an American firm yet. The transaction epitomises the changing nature of the global economy, with a 100-year-old US company selling what was once one of its […]

Tag: home appliances

New air purifier from Japan debuts in Korea

JC Penney to stop selling home appliances

Air purifier sales up 414 % after dust attack in Korea

LG sets up lab to conduct appliance technology research

Gome Retail sales free falling

Appliance rentals prove popular

GE sells appliance business to China’s Haier for $5.4 bn