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LG dryer earns Energy Star Emerging Technology Award

BY HBSDealer Staff

In advance of new federal efficiency standards for dryers set to take effect in 2015, the U.S. Environmental Protection Agency has handed the 2014 Energy Star Emerging Technology Award over to LG Electronics for its new EcoHybrid Heat Pump Dryer.

The EcoHybrid is described as the first dryer with heat pump technology to hit the market in the U.S., meaning it captures and recycles energy that’s generated during the drying cycle. This translates to up to 50% more energy savings, according to third-party testing.

"We applaud LG for being the first to offer a heat pump dryer for sale in North America," said Ann Bailey, director of Energy Star Products at EPA. "This super-efficient, cutting-edge technology has the potential to save significant amounts of energy and C02 emissions."

The EcoHybrid also features LG TrueSteam technology, Smart Diagnosis technology for automatic troubleshooting, 7.3 cubic feet of space, 

"Moving the market to heat pump clothes dryers has the potential to provide consumers with a new level of laundry performance while delivering significant energy savings," said Jeff Harris, director technology and market strategy, Northwest Energy Efficiency Alliance (NEEA). "NEEA is looking forward to working with innovators like LG to help advance dryer energy efficiency and bring those savings home."

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In Australia, Bunnings chief pleased by performance

BY HBSDEALER Staff

Following a strong fiscal year report, Bunnings managing director John Gillam described across-the-board growth for the retailer “down under. “

“The all-around breadth of the trading performance was pleasing, with sales growth achieved in consumer and commercial areas, within all merchandising categories and across all regions of Australia and New Zealand,” Gillam said.

The company announced total store sales growth of 11.7%, and comparable-store sales gains of 8.4%.

Bunnings competes in Australia with Masters home improvement stores, a joint venture of Lowe’s and Woolworths.

“The good trading performance was matched with actions that strengthened the business during the year. Customers enjoyed added value, as well as more merchandising and service enhancement. Brand reach accelerated with strong digital enhancements and a record number of new Bunnings Warehouses opened,” Gillam said.

Bunnings opened 25 additional trading locations during the year, including 20 new warehouse stores, four smaller format stores and one trade center. At the end of June 2014, there were 223 “Bunnings Warehouse” stores, 64 smaller format “Bunnings” stores and 33 trade centers operating across Australia and New Zealand.

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HCN Stock Watch: Friday slump

BY HBSDEALER Staff

Stocks were mostly trailing behind in HCN land at Friday’s close, though Trex (TREX) was the only stock that fell by more than 1 percentage point.

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