The recently enacted federal income tax cut is likely to benefit an already strong economy this year and into 2019, but there could be variations on its impact regionally and uncertain long-term effects, economists said during a roundtable event at the National Retail Federation’s Big Show in New York.
Just weeks after announcing its intent to sell its Global Batteries and Appliances segments, Spectrum Brands has taken its first step to shedding one of those businesses.
Whirlpool Corporation is expanding its smart home appliance ecosystem this year with a collaboration with Honeywell. Consumers will now be able to connect smart appliances from Whirlpool Corporation to Honeywell’s line of connected thermostats.
FlexShopper, a national online lease-to-own retailer and LTO payment solution provider, has announced record year-over-year lease origination growth in December 2017, with gross lease originations increasing 27.5% to 25,140 from the month last year.
In an effort to overcome current barriers to smart home adoption, Haier displayed complete, one-stop smart home solutions at CES in Las Vegas.
In what it characterized as a decision to share the benefits of a lower tax rate, Walmart is increasing the starting wage rate for all hourly associates in the U.S. to $11, expanding maternity and parental leave benefits and providing a one-time cash bonus for eligible associates of up to $1,000.