APPLIANCES NEWS ON FASTMOVING

Zimbabwe Stock Exchange-listed household and appliance retailer, Pelhams Limited, is forecasting a loss in the first half to September due to subdued consumer spending on the back of an underperforming economy, a company official has said. read more

Bangkok - A Thai man and his girlfriend are shopping at a furniture store. She sees pillows on sale and gets excited, her feminine voice falls suddenly to a deep male-like tone. Shocked and horrified, her boyfriend runs off. read more

(Reuters) - Shares of Sears Holdings Corp (SHLD.O) fell more than 5 percent on Tuesday after the retailer said Chief Executive Louis D'Ambrosio was leaving the company, raising concerns that the drive to improve its namesake stores could stall. read more

DionWired has pointed to a “very encouraging” uptake in online sales since the group revamped its sitein November, adding that its inaugural “Black Friday” promotion was particularly successful. read more

Johannesburg - Turkey's Arcelik Group announced on Thursday that it had entered into an agreement to acquire Defy Appliances, the leading home appliances manufacturer in Southern Africa, from Franke Holding for an undisclosed sum.  read more

NUREMBERG, GERMANY: The overall market for technical consumer goods in Germany recorded a total sales volume of EUR 12.7 billion in the first three months of 2011, representing a year-on-year increase of 6%. read more