Home appliance industry

Article Abstract:

The home appliance industry appears to be facing a discouraging 1997 for both domestic and foreign sales despite an 11% increase in shipments that occurred in December, 1996. Early 1997 revenue reports have been flat and rising costs, increased prices and lower retail inventories should deter domestic progress. The European economic conditions and a lack of a strong Pacific Rim region interest in home appliances will hold back foreign sales. Few industry stocks are expected to rise in 1997, but some companies may offer ling-term investment possibilities.

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Home appliance industry

Article Abstract:

About 90% of the home appliance market in the US is controlled by the four top manufacturers, of which Maytag Corp and Whirlpool Corp have enjoyed wide profit margins. However, sales have been limited to single-digit gains, due to the large number of US households with major appliances, and several companies have to re-evaluate foreign operations due to poor performance. Investors should look elsewhere for financial commitments in 1998.

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Home appliance industry

Article Abstract:

The home appliance industry is not selling volumes of goods in 1997. A mild summer in 1996 caused home air conditioners and refrigerators to continue to operate. Home appliance industry sales could increase 2% in 1997 compared with a 5% increase in 1996. Investors interested in short term gains should not invest in this industry because the value is not there.

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