Apparently a $3000 Kitchenaid fridge has a 12 to 14 month life span. 8 service calls by their "certified care" service group over 4 months have produced zero results. Customer service at Kitchenaid said there was nothing they could do to help. 4 months and counting without a fridge in Orlando summer weather is NOT fun!
Sorry but the industry is in consolidation. It is one of the reasons that I bought WHR. The smaller players are being gobbled up. Amana, Kitchen Aid and Jenn Air all Whirlpool products. Kenmore is a Whirlpool. Maytag? bought out by Whirlpool. Fewer players equal higher prices. It is becoming an oligopoly.
Yes. Not only do they have a currency problem where competition is eating their lunch such as products from Korea, they also reported a problem even in Brazil where the currency is plummeting in value. In Asia, it will be amazing if their sales do not plummet during the upcoming quarter. They manufacture in Brazil (and I guess elsewhere in that region) which makes less sense they did so poorly in South American countries. They did do well in African countries where they have extremely low cost of production.
You do need to know that their is a great consolidation going on in the industry. Whirlpool owns lots of brands. I guess you could go Korean.
happy person. If I put it on one setting, some things freeze, if I use the next lower setting, everything spoils? Were those engineers too stupid to have a selector that said in degrees: 30,31,32,33,34, etc.???????? What idiots and I own this stock!
stay away from Whirlpool electronics......there are issues with quality of their products, designed to sink money by endless services....
several years ago? WHR was never this high until the end of last year.
Congratulations on this strong report. We should be back in business now. Good trading to everyone!
Good values? I sold Maytag washers in the 1970's at around $399 - still seeing the same prices today.
Too many complaints online, Whirlpool shows a recall of parts but then refuses to participate in repair.
Sentiment: Strong Sell
A Munich newspaper published an interview with Marc Bitzer, Whirlpool's Vice-Chairman, on Monday. This is an excerpt:
Reporter: "Meanwhile you are being discussed as the next CEO. When will this occur?"
Bitzer: "This is speculation and finally it is the decision of our Board of Directors. Let's say this: Certain steps would lead in this direction. In my current role I am already responsible for 70% the company's revenues."
Sueddeutsche Zeitung, July 13, 2015, p. 16
The question is has the stock adjusted for the impact.
Whirlpool appliances compete with Europe, Korea, Japan, China worldwide in nearly all countries in Europe, Asia, Latin America and some African countries. This is based on my personal travel and visits to appliance stores around the world (unrelated business travel).
Whirlpool managers told their engineers to make self-destructing washers, because no competent engineer would design an immersed aluminum "spider" brackers to hold the washer tub. So it gets moldy and corrodes away in about 5 years. Worse, Whirlpool refuses to sell replacement spider brackets -- they make us buy the whole stainless drum and spider for 3x more than what is needed, all in the hopes we just junk the whole machine and buy another. Worse, they ignore their own lifetime warranty: the drum has a lifetime warranty + they say it does not cover the spider bracket yet they won't sell the spider separately. Totally illogical and obviously a ruthless money grab. Well there are consequences: Me and my 4 kids shall never ever again buy anything from Whirlpool. So too anyone else whom I can get to listen to me for the rest of my life (30+ years to go.) No wonder American manufacturing is in decline: Managers won't allow engineers to create a quality product, nor sell parts separately to repair them. That's like Ford saying you gotta buy a new engine when only spark plugs are needed (and nobody else makes the spark plugs.) Wrong wrong wrong!!
Sentiment: Strong Sell