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Thread Number: 65251
/ Tag: Modern Automatic Washers
WP Getting Hit Hard By Global Turmoil |
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Post# 878617 4/26/2016 at 11:09 (2,914 days old) by Tomturbomatic  (Beltsville, MD) |
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Not that it will hurt them much or for long, but enjoy while you can. CLICK HERE TO GO TO Tomturbomatic's LINK | ||
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Post# 878620 , Reply# 1 4/26/2016 at 11:23 (2,914 days old) by DaveAMKrayoGuy (Oak Park, MI) |
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Goes to show you: | ||
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Post# 879134 , Reply# 2 4/30/2016 at 14:11 (2,910 days old) by GELaundry4ever (Nacogdoches, TX, USA) |
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maytag dishwashers I wonder what Whirlpool is going to do with their maytag dishwasher lineup. | ||
| Post# 879146 , Reply# 3 4/30/2016 at 16:26 (2,910 days old) by vacerator (Macomb, Michigan) | ||
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"global turmoil" ?? Well WP can always have China make washers and dryers then. Probably coming anyway. | ||
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Post# 879162 , Reply# 4 4/30/2016 at 20:58 (2,910 days old) by chetlaham (United States) |
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Whirlpool is to big for their own good.
And of course sails are going up in North America now that a monopoly exists. GE has always been chintzy and Electrolux mediocre, so Whirlpool is the only thing worth buying if you are a homeowner. If you are a builder its GE or Frigidaire. Not sure why their over seas market is going down. Is it economy alone? | ||
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Post# 879171 , Reply# 5 4/30/2016 at 22:27 (2,910 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Whirlpool's sales in the North America are just fine, in fact are quite healthy. It is in Brazil, Russia, the Middle East and other places suffering poor economies that are the problems.
Brazil is going down the tubes. Russia and the Middle East are dealing with economic woes caused by the price of oil falling off a cliff. All this going on while the USD was surging against foreign currencies making not only WP's products more expensive abroad but those funds take a hit when converted back to dollars and brought home. | ||
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Post# 879177 , Reply# 6 5/1/2016 at 03:48 (2,910 days old) by chestermikeuk (Rainhill *Home of the RailwayTrials* Merseyside,UK) |
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And not forgeting
The Buyout from hell with bells on - Indesit Company !!
"Whirlpool's COO Marc Bitzer pointed to Russia and the United Kingdom as specific drags on Whirlpool's European sales in a call to analysts. Whether this is as part of a direct impact of the recent tumble dryer safety notice debacle we do not know but we expect that this didn’t help but it has reportedly impacted sales. Whilst this is being viewed as a temporary issue, Which? reported recently that the modification program being undertaken on these tumble dryers could take over three years to complete." | ||
| Post# 879182 , Reply# 7 5/1/2016 at 06:37 (2,910 days old) by vacerator (Macomb, Michigan) | ||
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Is Brazil in recession? It wasn't just a short time ago. I saw an older youtube video of a Counsol WP world washer, and the author called it a Counsol cacca. Cacca means DOO DOO. Their old machine was a blue Braestemp belt drive wig wag WP that was still working. | ||
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Post# 879758 , Reply# 9 5/5/2016 at 23:19 (2,905 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Sorry, wrong South American Country | ||
| Post# 879763 , Reply# 10 5/6/2016 at 00:04 (2,905 days old) by delaneymeegan (Midwest) | ||
A. Market volatility is WHY companies try and diversify in different regions and countries. When one region is generating income, another region may be stalled. Check back in 12 months and the numbers may be reversed. The big picture however for the company would show constant income growth. Consider how much worse things would be if they were only invested in one region.
B. They write the story as if for the drama.... OF THE MOMENT. "Whirlpool stock slumped 6%, its biggest selloff since early December. The stock is among the worst performers on the S&P 500 on the day, though it remains up nearly 20% this year." Get Real ! | ||
| Post# 879791 , Reply# 11 5/6/2016 at 06:48 (2,905 days old) by vacerator (Macomb, Michigan) | ||
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True Delaney, and WP stock may be back up soon. WP may even be too big to fail. Where have we heard that before? | ||
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Post# 879805 , Reply# 12 5/6/2016 at 11:17 (2,904 days old) by thomasortega (El Pueblo de Nuestra Señora de Los Angeles de Porciúncula) |
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Launderess You're not wrong. Brazil is also under a huge political and economic crisis. Not as horrible as Venezuela, where people don't have money to buy even toothpaste and the government said it's the toothpaste manufacturers that created a culture of brushing the teeth 3x per day when only once every 2 days is enough only to sell more toothpaste. | ||
| Post# 879810 , Reply# 13 5/6/2016 at 12:59 (2,904 days old) by vacerator (Macomb, Michigan) | ||
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Venezuela has a dictator in power. Worse than Mexico. Bigger they are, the harder they fall. Then the country starts over, or tries to. | ||
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Post# 879840 , Reply# 14 5/6/2016 at 20:40 (2,904 days old) by jamiel (Detroit, Michigan and Palm Springs, CA) |
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Met on Monday with the head of Whirlpool's LGBT Employee Resource Group. Nice guy who's in marketing for Whirlpool selling their water filter products---as he said, people buy a washing machine every ten years--they need to sell things which are more consumable so people come back. They're having cyclical troubles in bigger countries like Brazil, plus the European recession impacted their business. Business cycle is better in the US/North America, though.
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