Electrolux, Miele shrug off COVID-19 and power up, news by Hebei longsheng
| HEBEI LONGSHENG METALS AND MINERALS CO., LTD Electrolux, Miele shrug off COVID-19 as appliances power up in June The reopening of U.S. electrical retail stores in June has followed a 25.0% year over year drop in sales in May. Firms with direct-to-consumer models may have been able to continue sales at a stronger rate. U.S. seaborne imports of electronics and home appliances indicate retailers broadly are rebuilding their inventories. There was a 2.8% year over year rise in imports of consumer electronics and a 13.7% increase in home appliances in the first half of June compared to a year earlier. The rise in home appliances was led by a 62.8% surge in shipments linked to Electrolux in the first half of June which followed a 49.9% rise in May. Similarly shipments associated with Miele climbed by 15.3%. By contrast Samsung Electronics and LG Electronics’ shipments declined by 8.0% and 17.0% respectively. By Hebei Longsheng Metals & Minerals Co,. Ltd. |
