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Article: MANUFACTURER PRICE INCREASES SWEEP THROUGH WHITE GOODS; SOME OF THE BIGGEST BRANDS IN THE INDUSTRY ARE TRYING TO OFFSET THE RISING THE COSTS OF RAW MATERIALS.
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- August 21, 2006
CopyrightCOPYRIGHT 2006 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Michael Rudnick
NEW YORK-Some of the biggest brands in major appliances are beginning to pass price increases down the supply chain to relieve the pain caused by raw material costs.
Whirlpool, GE and Electrolux are taking the lead with wholesale white goods price increases ranging anywhere from 5 percent to 12 percent.
Electrolux was the first of this trio to raise major appliance prices with a 5 percent price increase instituted across its product lineup, effective with July 1 shipments, as earlier reported by HFN. A letter to retail partners dated May 18 stated that "while we [Electrolux] have and continue to take aggressive ...