Small Electrics
LG Electronics Earns 28 CES Innovation Awards
LG Electronics has been recognized for the technological and design excellence of its latest lifestyle solutions, earning more than two dozen , including three coveted Best of Innovation Awards for LG OLED in the computer peripherals, gaming and video display categories.
Bestowed every year by the Consumer Technology Association – the organization behind CES, the world’s largest annual consumer electronics tradeshow – the CES Innovation Award program recognizes innovative consumer products and services across a multitude of device and technology categories.
Of the 28 honors LG Electronics has been recognized for the technological and design excellence of its latest lifestyle solutions, earning more than two dozen CES 2023 Innovation Awards will receive at CES 2023, 10 went to LG OLED TVs, marking the 11th consecutive year that the company’s self-lit TVs have received CES Innovation Awards. LG OLED TVs, known to offer a variety of viewing experiences to consumers with its diverse innovative form factors, are prized by consumers worldwide for their exceptional picture quality, which delivers vibrant, accurate colors, deep blacks and infinite contrast.
The 88-inch LG SIGNATURE OLED 8K TV was recognized in three categories, while inspiring ultra-large 97-inch OLED and LG OLED Flex, a groundbreaking TV boasting the world’s first bendable 42-inch OLED screen, were double honorees.
LG home appliances named CES 2023 Innovation Award winners include the LG PuriCare Aero Furniture, a new concept in air purification. Also honored is the premium LG CordZero All-in-One Tower with Steam Mop.
Among other winning products are the LG WashTower™ Compact, LG UltraGear™ OLED gaming monitor and LG XBOOM 360 bluetooth speaker system.
The full list of LG’s CES 2023 Innovation Award recipients will be announced at CES 2023 (Jan. 5-8).
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Electric Grill Market Estimated at $2,117M
The global electric grill market is estimated at $2,117 million in 2022 and is forecast to surpass $4,283 million by 2032, growing at a compound annual growth rate of 7.3 percent during 2022-2032, according to Fact.MR.
The market contributed by providing around 1 percent of the total revenue generated by global cooking appliances market in 2021. The market is estimated to provide an opportunity of $2,167 million during the assessment period of 2022-2032.
Electric grills are expected to see increased demand in the near future in view of their versatility for indoor use and energy-efficient attributes, which could have a huge effect on the future growth of residential electric grill industry.
In the forecast timeframe, millennials will become the largest residential electric grill utilizers globally. However, the millennial population covers a majority of the share in developed regions, such as North America and Europe.
Consumers are searching for lightweight alternatives in items of all sorts, and cooking appliances are no exception. Such factors are expected to give impetus growth to this market over the forecast period.
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Bed Bath & Beyond Installs New Finance Execs
Bed Bath & Beyond Inc. has named Laura Crossen as senior vice president of finance and chief accounting officer, and Susie A. Kim as senior vice president of treasury and investor relations, effective immediately.
Crossen will lead Bed Bath & Beyond’s team that is responsible for executing the company’s global accounting operations, financial reporting and tax functions. She has been with Bed Bath & Beyond since 2001 and most recently served as senior vice president, treasury, tax and finance transformation. Crossen will continue to report to Gustavo Arnal, executive vice president and chief financial officer. Crossen replaces John Barresi, who resigned from the company effective June 10 to pursue another opportunity.
Kim, vice president of investor relations, has been named senior vice president of treasury and investor relations, taking over Crossen’s previous treasury role.
Earlier this week, Bed Bath & Beyond ousted CEO Mark Tritton, naming Sue Gove interim CEO.
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Housewares Vendors, Retailers Primed for GCX
Momentum is building for the first presentation of GC Buying Group and International Market Centers’ new GCX: Expo & Education with some 40+ exhibitors; 13 presentations, demonstrations and celebrations; and 50+ retailers confirmed. The semi-annual gourmet and housewares buying and programming launch event will launch on July 13-14 during Atlanta Market (July 12-18) at AmericasMart.
“The industry response to the concept has been excellent,” said Janis Johnson, founder and president of GC Buying Group. “Vendors are excited for the opportunity to show their brands in Atlanta, and retailers are making commitments to attend. Early indicators are that this is going to be THE gourmet and housewares event of Summer 2022.”
Confirmed GCX: Expo & Education exhibitors represent the complete spectrum of gourmet and housewares categories including small electrics, tools, cutlery, cookware and bakeware, tabletop, gourmet foods, service providers and more.
Retailers from coast-to-coast and beyond representing some 60+ storefronts plan to attend Atlanta Market and GCX: Expo & Education. In addition to a core group of leading kitchen supply and gourmet grocery retailers, representatives from appliance/electrics stores, hardware stores and garden centers, gift and home décor stores and kitchen designers are confirmed. Buyers of note attending Atlanta Market for the first time for the event include Casa di Mazzaro in St. Petersburg, Fla.; The Milled Olive in Star, Idaho; and Wisconsin Cutlery in Madison, Wis.
GCX: Expo & Education is open to GC Buying Group’s 350+ members from across the United States. For more information about GCX: Expo & Education or GC Buying Group membership, visit GCBuyingGroup.com.
Atlanta Market is the industry’s premier gift, décor and lifestyle market. Housing the nation’s largest gift product mix complemented by a broad selection of home décor, it features more than 8,000 brands across all categories. Held semi-annually Atlanta Market attracts retailers and designers from every U.S. state and more than 60 countries. The next edition runs July 12-18 at AmericasMart Atlanta.
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May the Fourth Be With You: Luke, I Am Your Toaster
Uncanny Brands, maker of pop culture home appliances, celebrated Star Wars Day (AKA May the Fourth) with a reboot of its classic Darth Vader Toaster. Introduced in 2014, the Darth Vader Toaster utterly featured a fully 3-dimensional outer shell that replicated The Dark Lord’s helmet and inside plates that burned that same helmet onto every slice of toast.
The advanced and enhanced Darth Vader Toaster blazes with lights and sound, glowing red and humming like a light saber when the plunger is pushed down and ominously breathing in anticipation when your bread, bagel or toaster pastry pops up, ready to enjoy.
The Darth Vader is available online and at select retailers nationwide.
In addition, Uncanny has launched the Darth Vader vs. Obi-Wan Kenobi Waffle Maker, an exclusive for GameStop also debuting on May the Fourth. Both the full-color outside and the non-stick Wplates inside portray the epic duel between The Dark Lord and the Jedi Master. Check it out at a local GameStop store or online at www.gamestop.com.
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