Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Israel Appliance Market Has Shrunk Nearly One-Half
May 19, 2004
 Printable format
 Email this Article
 Search

Israel's appliances market has shrunk from NIS 6.5 billion (approx. U.S. $1.4 billion) in consumer prices in 2000 to NIS 3.5 billion (approx. $764 million) in 2004, says Sakal chairman and CEO Solly Sakal.

Sakal operates, among other chains, a chain of appliance stores and duty-free appliance stores at Ben Gurion International Airport in Israel. Sakal's appliance sales are estimated at NIS 500 million ($109 million) a year.

Mr. Sakal added that the past 2 years have been very hard for the appliances industry, especially for retailers. The reduction in purchase taxes was intended to boost imports and sales, but appliances sales nonetheless have fallen 25 percent in financial terms and 15 percent in quantitative terms. Mr. Sakal attributes this mainly to the recession that lasted from late 2001 to late 2003.

"I thought the purchase tax should be cut gradually," Mr. Sakal said. "It was very good for consumers but terrible for market players. All retailers were hit hard and are losing money. The market has become risky, and we, the chains, are afraid to sell. It's almost impossible to grant credit in the appliances industry. The industry is now very risky."

Purchases prices per unit have plummeted during the past 2 years. Television prices are down by an average of 35 percent, and DVD prices by 70 percent. (Globes online)

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows