Third-quarter profit for SodaStream International has sank to 76% and revenue has fallen below analysts’ expectations, as the company continues to work through a restructuring. SodaStream, which popularised the notion of make-it-at-home soda, is recasting itself as a sparkling water dispenser after hiring a two-star Michelin chef to concoct flavors like “raspberry lychee rose” amid rising competition.
Kitchen appliances and home electronics are heading the 2016 Christmas shopping list, according to The National Retail Association’s (NRA) chief executive Trevor Evans. He said every state and territory is expected to enjoy a lift in Christmas spending with the country’s most populous state, NSW, tipped to spend the most.
As Dick Smiths sales contract, prompting CEO Nick Abboud to take the red pen to prices, his direct competitor JB Hi-Fi CEO Richard Murray, is exhibiting a calm demeanour. This comes despite Murray’s concession yesterday that the appliance market will remain aggressive as some retailers “drive market share in the lead up to Christmas.”
LG Australia’s general manager of sales, Michael Doyle has left the company after seven years. He has not yet been replaced and during the transition period, LG managing director, Youngik Lee will serve as acting general manager of sales. The company has commenced an extensive search to fill the vacant role.
Appliances Online has increased its foot traffic significantly in the last three years since partnering with Rakuten Marketing. The retailer’s head of marketing, Trent Allan says affiliate marketing enables businesses to boost revenue and click-through rates, while gathering a more holistic picture of the customer journey online in buying appliances.
Asia Pacific’s key markets continued to turn in an overall positive performance from January to June this year, with the region reporting increased sales volume and value of refrigerators, washing machines and air conditioners by 1% and 2% (based on Euro) respectively. These first half year results of the global major domestic appliance market were published by GfK to coincide with the recent IFA 2015 trade fair in Berlin.