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Whirlpool lower after weak industry report on appliances sales

May 16, 2016 1:32 PM ETWhirlpool Corporation (WHR) StockWHRBy: Clark Schultz, SA News Editor
  • Whirlpool (WHR -1.6%) is lower after the Association of Home Appliance Manufacturers reports a 10% decline in major U.S. appliance shipments during April to 5.99M units.
  • Category declines included -20.9% for home comfort appliances, -9.7% for kitchen, -14% for home laundry, -6% for cooking equipment.
  • Earlier this month, both Sears and J.C. Penney announced new strategies to sell appliances.

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