Whirlpool warns of recession-level sales slump as prices rise
Whirlpool has cut its outlook after reporting a sharp fall in North American appliance sales and saying consumer demand has weakened amid the war in Iran and tariff-related cost pressure.The company said revenue dropped nearly 10% in the quarter, while sales of major appliances in North America fell more than 7%.It also said consumer confidence weakened in late February and March, leading many buyers to delay big-ticket purchases.Whirlpool has raised prices by 10% and plans a further 4% increase in July.The company said it had absorbed higher costs for some time, but that approach was no longer sustainable after posting... [Continue Reading]
360LiveNews | 07 May 2026 20:05 LONDON
