Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

General Electric Company : Six Trends Shaping Consumer Appliances

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/20/2013 | 05:13pm CEST

LOUISVILLE, Ky. - Nov. 20, 2013 - (NYSE:GE) - Appliance trends may have more staying power than the latest fashion craze, with some like stainless steel appliances, hovering at the top for about 20 years.

But two decades of overwhelming popularity doesn't come with a guarantee. Companies such as GE (NYSE: GE) keep a close watch on consumers and design appliances that make their lives easier, if not enhance them. Whether listening to consumers' preferences on finish, design, energy efficiency or technology, GE Appliances has noticed some shifting in the way consumers want their appliances to look and how they choose to interact with them.

Here are six trends gaining momentum in home appliances.

1. Color - Stainless steel faces competition
While stainless steel is still considered the premium finish for home appliances, accounting for 35 percent* of the kitchen appliances sold today, GE's consumer research found a significant portion of homeowners are looking for something different.

In response to the research, GE launched its new Slate finish, a warm, grey, low-gloss metallic hue. "After introducing the new Slate finish in the third quarter of 2012, we have more than doubled our initial sales goals," said Brian McWaters, brand general manager for GE Appliances. GE is doubling its Slate product offerings in 2013 with additional refrigeration and cooking models.

2. Design - Traditional is so last year
A National Kitchen and Bath Association survey found that, for the first time since it began tracking annual design trends, "traditional" is no longer the most popular type of design. The survey determined that, in kitchens and bathrooms, "transitional" is now the most common style.1

Transitional style blends traditional and contemporary to create a modern, classic look with simpler lines than traditional but a more elaborate style than contemporary.1 In summer of 2013, GE launched a new appearance for its GE® and GE Profile™ appliances to complement this trend.

3. Connectivity - Steve Jobs' prediction proving true
In 2007, Steve Jobs, former CEO of Apple Inc., proclaimed the phone was not just a communication tool but a way of life. Just five years later, a Google study found that 26 percent of U.S. smartphone owners would rather give up their computer than their smartphone.2

Responding to this new and connected way of life, GE is revolutionizing smart appliances. For example, the new GE wall ovens have remote connectivity to notify consumers via smartphone when their food is ready. An iPhone® and Android™ app lets consumers control the ovens with Wi-Fi technology.

4. American-made
According to a May 2013 Gallup Poll, six in 10 Americans said they would pay more for an American-made product. Luckily, they may not have to. As labor costs in China continue to increase, more and more companies are bringing manufacturing back to the U.S.3

In 2011, GE made a commitment to invest $1 billion through 2014 to revitalize its U.S. appliances business. Since that promise, GE has launched a frontload laundry pair, GE Café™ French door refrigerator with hot water dispenser, topload washers, a new dishwasher and the GeoSpring™ hybrid electric water heater in the U.S. to name a few.

5. Ergonomically friendly - Appliances adapt to aging population
The older population, persons 65 years or older, numbered 39.6 million in 2009. They represented 12.9 percent of the U.S. population or about one in every eight Americans. By 2030, there will be about 72.1 million older persons.4 This population is having an influence on appliance design.

With range of motion declining as age increases, GE recently introduced its frontload laundry pair which helps reduce the strain of loading and unloading the washing machine. GE engineers and industrial designers built the washer and dryer for every body using universal design principles. The GE® RightHeight™ Design frontload washer and dryer incorporate the industry's largest openings and the first Built-in Riser™ to minimize strenuous bends and long reaches.

6. Illumination - LED winning over other light sources
Energy-efficient LEDs are surging in popularity while compact fluorescent lights are waning in their widespread appeal. According to a National Bath and Kitchen Association survey in 2012, 70 percent of kitchen designers specified LED lighting.1

From grills to refrigerators, GE marries its innovations in lighting and appliances by introducing products with LED lights, such as the GE Café French door refrigerator that has colored LED lights in the drawers as visual cues of the temperature chosen. Industry-first notification lighting can be found on GE's latest wall ovens.

Consumer preferences are always changing and appliance trends will continue to keep up thanks to manufacturers, such as GE, that constantly consider what's next.

*Taken from the 2011 Association of Home Appliance Manufacturers Color Report.
1. "Transitional Replaces Traditional in Kitchen Design." ApplianceMagazine.com. February 2012. Accessed on May 31, 2013.
2. Goldman, David. "Half of U.S. cell phones are now smartphones." CNN Money. May 16, 2012. Accessed on May 30, 2013.
3. Sirkin, Harold L., Michael Zinser, and Douglas Hohner. Made in America, Again. The Boston Consulting Group. August 2011. Accessed on May 30, 2013.
4. (the latest year for which data is available).

http://www.aoa.gov/Aging_Statistics/ https://www.bcgperspectives.com/Images/made_in_america_again_tcm80-84471.pdf http://money.cnn.com/2012/05/16/technology/smartphones/index.htm http://www.appliancemagazine.com/editorial.php?article=2423

Follow us on Facebook and Twitter or check out our website for more information
Friend GE Appliances on Facebook to view how-to videos, learn about new GE appliances and join in the discussion with other GE appliance owners. Join today and follow @GE_Appliances on Twitter or just locate detailed information about our products at www.geappliances.com.

GE Appliances
GE Appliances is at the forefront of building innovative, energy-efficient appliances that improve people's lives. GE Appliances' products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners, water filtration systems and water heaters. General Electric (NYSE: GE) works on things that matter to build a world that works better.www.ge.com/appliances.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
04:47p General Electric signs sales agreement for 135Mw coal plant
04:02p GENERAL ELECTRIC : GE Upgrades ProSolv* Wax Inhibitor for Improved Flow Assuranc..
04:02p GENERAL ELECTRIC : GE Launches OnBoard*, an Integrated Service Offering for Offs..
03:37p GENERAL ELECTRIC : GE Announces Power Plant Deal In Cambodia and First-Of-Its Ki..
02:34p GENERAL ELECTRIC COMPANY : Post Earnings Coverage as GE Topped Earnings and Sale..
02:01p GE : Increases Power Output of Its J920 FleXtra Gas Engine by Nearly 10 Percent
01:57p GENERAL ELECTRIC : GE Increases Power Output of Its J920 FleXtra Gas Engine by N..
01:48p PRESOLICITATION NOTICE - TITLE : 2840; Mount, Actuator; Engine, Aircraft T-64; W..
01:45p GENERAL ELECTRIC : MILITARY $400,353 Federal Contract Awarded to G.E. Aviation
01:34p GENERAL ELECTRIC : MILITARY $44,250 Federal Contract Awarded to G.E. Aviation
More news
Sector news : Industrial Conglomerates
06:34p Utilities say Westinghouse loan puts their reactor construction at risk
04:38p Dow Chemical eyes consumer markets as it readies for DuPont merger
04:03pDJSouthern's Georgia Power Objects to Westinghouse Bankruptcy Loan -- Update
04/26 KKR to buy Hitachi unit valued at $2.3 billion
04/26 TOSHIBA : plans to replace auditor PwC after earnings impasse
More sector news : Industrial Conglomerates
News from SeekingAlpha
12:04p Boeing And Airbus Face $223B Plane Sales Loss In 20 Years
01:46a GENERAL ELECTRIC : Analyzing The Revenue Streams
04/26 The Best Of The Blue Chips (And The Worst)
04/26 ABB Fills A Gap, But Has More Work To Do
04/26 Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2017 Update
Advertisement
Financials ($)
Sales 2017 125 364 M
EBIT 2017 18 202 M
Net income 2017 12 790 M
Debt 2017 19 305 M
Yield 2017 3,30%
P/E ratio 2017 19,78
P/E ratio 2018 16,38
EV / Sales 2017 2,19x
EV / Sales 2018 2,10x
Capitalization 254 817 M
More Financials
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL ELECTRIC ...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 32,6 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Shane Fitzsimons Senior Vice President-Global Operations
Jeffrey S. Bornstein Chief Financial Officer & Senior Vice President
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPA..-6.80%254 817
SIEMENS AG14.04%123 408
3M CO9.20%116 531
HONEYWELL INTERNATIONA..11.61%99 180
E I DU PONT DE NEMOURS..11.19%70 758
ILLINOIS TOOL WORKS IN..13.72%48 096
More Results