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IKEA U.S. and Best Buy unveil new in-store kitchen and laundry planning centers
Prnewswire· 2025-11-05 14:01
Core Insights - IKEA U.S. is launching its first cross-brand retail experience in select Best Buy stores, aiming to enhance customer experience by making it more affordable and accessible [1][2] - The new IKEA at Best Buy experience will be available in select markets in Texas and Florida, featuring immersive planning spaces for kitchens and laundry rooms [2][3] Company Collaboration - The partnership between IKEA and Best Buy is designed to bring together design, functionality, and affordability, allowing customers to shop IKEA products through another retailer for the first time in the U.S. [4] - Both companies are committed to providing a unique shopping experience that combines home furnishing solutions with cutting-edge appliances [5] Store Locations and Launch Events - The shared retail presence is currently live in several Best Buy locations in Florida and Texas, with additional stores set to open on November 14 [3] - To celebrate the launch, exclusive giveaways and remarks from executives will be held at select locations [4] Customer Experience - The shop-in-shop experience will be staffed by IKEA employees who will assist customers in designing their spaces while shopping for appliances [5] - This innovative retail model reflects both companies' dedication to meeting customer needs in a collaborative environment [5]
Earnings live: PayPal stock soars on OpenAI partnership, UPS surges, UnitedHealth pops
Yahoo Finance· 2025-10-28 12:04
Core Insights - Whirlpool reported better-than-expected financial results, with revenue of $4.03 billion surpassing Wall Street's forecast of $3.93 billion and adjusted earnings per share at $2.09 compared to estimates of $1.40 [1] Financial Performance - Revenue for the quarter was $4.03 billion, exceeding expectations [1] - Adjusted earnings per share were $2.09, significantly higher than the anticipated $1.40 [1] - For the full year, Whirlpool reiterated net sales of approximately $15.8 billion, with adjusted earnings per share now expected to be around $7.00, up from a previous range of $6 to $8 [4] Product Performance - Major domestic appliances in North America saw a 2.8% increase, driven by a refresh of 30% of the product portfolio [2] - Small domestic appliances globally experienced a 10.5% growth, largely due to the KitchenAid business, which reported double-digit revenue growth [2] Market Outlook - The company anticipates that new products will gain traction in the fourth quarter and into the next year as they increase their presence in retail [3] - Whirlpool is positioned well to capture growth as consumers return to the housing market [3] Regional Performance - A decline of 7.2% in major domestic appliances was noted in Asia, attributed to cooler weather and currency volatility in Argentina, which also affected Latin America with a 5.2% decline [4] External Factors - Tariffs impacted margins by 250 basis points in the third quarter, despite over 80% of US sales being produced domestically [5] - The company is seeking clarity on trade issues, particularly in light of an upcoming summit between US and Chinese leaders [6] - The fourth quarter is expected to be highly promotional as Whirlpool competes with companies facing excess inventory ahead of tariffs [6]
Jim Cramer on Whirlpool: “A Dividend Cut Means Don’t Buy”
Yahoo Finance· 2025-10-19 07:21
Company Overview - Whirlpool Corporation (NYSE:WHR) is a manufacturer and seller of home appliances, including refrigerators, laundry machines, dishwashers, and cooking products [2] Financial Performance - The stock has a 4% yield and is currently near its 52-week low [1] - The company has faced challenges with its balance sheet, leading to a dividend cut, which raises concerns about its investment attractiveness [1] Market Position and Competition - Whirlpool is noted as the last major appliance manufacturer still domiciled in the U.S., but it has been negatively impacted by tariffs, contrary to initial expectations [2] - Competitors from South Korea and China have strategically front-loaded their inventory to mitigate the effects of tariffs, putting Whirlpool at a disadvantage [2]
CENTURY COMMUNITIES SELECTS LG ELECTRONICS AS NATIONAL APPLIANCE PARTNER
Prnewswire· 2025-09-16 10:00
Core Insights - Century Communities Inc. has partnered with LG Electronics USA to become its national appliance supplier, focusing on delivering quality and reliable home appliances to new homes across the United States over the next four years [1][2][3] Company Overview - Century Communities is recognized as one of the nation's largest homebuilders and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [5][7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [8] Partnership Details - The collaboration will introduce LG's ENERGY STAR® certified kitchen and laundry appliances to Century Communities' brands, which include Century Communities and Century Complete [2][3] - The partnership is set to commence in Q4 2025, aiming to enhance the homebuying experience with reliable and innovative appliances [3][4] Product Offering - LG will supply a core line of appliances, including refrigerators, ranges, dishwashers, washers, and dryers, known for their cutting-edge design and dependable performance [3][4] - LG Pro Builder division will also provide access to a broader portfolio of builder-centric products beyond appliances, such as advanced HVAC systems and heat pump water heaters [6][10] Market Position - LG Electronics is recognized as America's 1 appliance brand, with a strong reputation for reliability and quality, contributing to homeowner satisfaction [5][9] - Century Communities has established itself as a top 10 homebuilder, emphasizing customer service and quality construction [5]