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Whirlpool sales flat in Q2

BY HBSDealer Staff

Whirlpool Corporation reported net sales of about $4.7 billion in the second quarter of 2014, virtually unchanged from the company’s performance in the same quarter last year.

Net sales for the three months ended June 30 totaled $4.68 billion, down 1.4% from $4.75 billion in 2013.

The company’s bottom line read $179 million for the quarter, down from $198 million in the second quarter of last year.

"The second-quarter results were in line with our expectations as our North America Region delivered record operating profit," said Jeff M. Fettig, chairman and CEO of Whirlpool Corporation. "Overall, the underlying fundamentals of our business remain strong and we continue to invest in our business through innovative new products and acquisitions."

Whirlpool also pointed to a record $2.62 in ongoing business earnings per diluted share, compared to $2.37 last year.

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Lyle to chair board of retail marketing group

BY HBSDEALER Staff

Julie Lyle, chief marketing officer for Indianapolis appliance, electronics and furniture retailer hhgregg, has been named the 2015 chairperson for the Global Retail Marketing Association (GRMA) Advisory Board.

As chairperson, Lyle will lead the GRMA Advisory Board and play a key role in the development of the organization’s strategic initiatives and thought leadership. Lyle succeeds Brian Beitler, EVP and chief marketing officer, David’s Bridal, who served as chairman from 2012 to 2014.

“Through collaboration and innovation, the GRMA is changing the face of our industry, and I’m proud to serve as the 2015 chairperson,” said Lyle. “Bringing together the brightest minds in our industry helps us solve problems and develop ideas on a global scale, ultimately driving value for our companies and better serving our customers.” 

Leading the GRMA Advisory Board, Lyle will serve as senior adviser to Stephanie Fischer, president and CEO of GRMA. Lyle will also steer the GRMA Advisory Board, comprised of retail CMOs and leading supplier partner executives, to shape the organization’s strategic focus and drive thought leadership within the retail space. In addition, Lyle will spearhead the GRMA member candidate selection process, ensuring the organization remains a community of the foremost CMOs and executive decision makers.

“The mission of the GRMA is to empower each of our members to affect positive change and shape the future of retail. Julie is one of the most forward-thinking marketers that I know, and an ideal chairperson for GRMA as we embark on new thought leadership initiatives,” said Fischer. “I’ve seen firsthand the caliber of Julie’s leadership, and she is well respected within our organization. There’s no question that as chairperson, she’ll make a huge impact on the organization and continue to push innovation within the retail industry.”

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HCN Stock Watch: TREX jumps 5.28%

BY HBSDEALER Staff

Shares of Trex (TREX) were up 5.28% on Tuesday after the stock was upgraded from hold to buy on an analyst upgrade.

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