YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Whirlpool officials say the Sears Holdings bankruptcy should have no long-term impact on its sales.
Sears accounted for 2 percent of Whirlpool's global sales as of Sept. 30, according to the appliance maker. Whirlpool officials added that 1 percent of its aggregate accounts receivable exposure was tied to Sears and that it had an “immaterial amount” of Sears-related inventory.
“We believe the Sears bankruptcy will have a very limited short-term impact on our results of operations as consumers adjust to the new retail landscape and we work through the one-time impact of accounts receivable and inventory write-off,” Whirlpool officials said in a filing with the Securities and Exchange Commission.
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