Shop Talk

Retailers, consumers and prices

Check Out Line: Appliances for sale

May 16, 2008

ge.jpgCheck out a nice GE convection oven.*** ***It may be for sale, along with the rest of GE’s appliances division.*** ***General Electric said it is seeking “strategic options” for the appliance business, which could include a partnership, spinoff or sale.*** ***Lots of consumers are familiar with GE refrigerators, dishwashers and the like. But the business accounts for only about 4 percent of the company’s sales. It takes a lot of dishwashers to equal one jet engine.*** ***Aside from aviation, the company’s other business lines include energy, electrical distribution healthcare and media & entertainment (think NBC television.)*** ***So why keep holding on to appliances, especially when that business is being hurt by the long-running housing slump?*** ***Also in the basket:*** ***Abercrobmie & Fitch profit tops view *** ***Macy’s to have FAO Schwartz boutiques in stores *** ***Old-style pumps balk at $4-a-gallon gas, too (Washington Post)******U.S. department store sales weak, but beat Street******(Reuters photo)

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