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GE’s new wall ovens tout WiFi, air flow

BY HBSDealer Staff

GE has released a full-size oven featuring vents on the top of the oven cavity in an effort to improve air flow, provide even baking results and shorten cooking times. The True European Convection with Direct Air technology is coupled with Brillion-enabled WiFi capabilities that can be controlled directly through a smartphone app.

Using the WiFi technology, consumers can preheat the oven, set the timer, change temperature and cooking settings, and check up on cooking status while they’re multitasking. An LED notification lighting system will make it easier for customers to handle other tasks without risking a burnt souffle.

Depending on the cooking mode, the Direct Air technology distributes air from both the top and back wall of the oven, with fans that can modulate their speed and reverse directions.

"We’re elevating the cooking experience at home with technology that wraps around your food better than ever before and achieves outstanding results," said Jon Bostock, GE’s marketing manager of cooking appliances. Additionally, "shorter cooking times are a huge bonus for today’s busy families and people who like to entertain."

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Industry Dashboard for June 25, 2013

BY HBSDEALER Staff

All 10 stocks on the Home Channel Stock Roundup are in negative territory for the month. Still, consumer confidence is ahead of last month and way ahead of last year.

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Consumer confidence rises again

BY HBSDEALER Staff

The Conference Board Consumer Confidence Index, which had improved in May, increased again in June. 

The Index now stands at 81.4, up from 74.3 in May, according to a report released Tuesday morning.

A year ago, the index was at 62.7.

“Consumer confidence increased for the third consecutive month and is now at its highest level since January 2008,” said Lynn Franco, director of economic indicators at The Conference Board. “Consumers are considerably more positive about current business and labor market conditions than they were at the beginning of the year. Expectations have also improved considerably over the past several months, suggesting that the pace of growth is unlikely to slow in the short term, and may even moderately pick up.”

The Present Situation Index increased to 69.2 from 64.8. The Expectations Index improved to 89.5 from 80.6 last month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch.

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