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Not the Best Buy for Maytag

Manufacturer to discontinue selling major appliances at Best Buy

Published

19 years ago

January 21, 2005

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Maytag Corp. (Newton, Iowa) has announced it will no longer sell Maytag-branded major appliances at Best Buy stores.

“We have a good business relationship with Best Buy,” said Maytag chairman and ceo Ralph Hake. “However, our white goods business with the specialty retailer has significantly declined over the years, At this time, it does not make sense to continue selling our major appliances at Best Buy.”

Hake said that sales of major appliances at Best Buy have significantly declined over several years. In 2004, they represented about 1 percent of Maytag’s consolidated revenue.

The discontinuation will become effective later in the first quarter 2005. Maytag- and Hoover-branded products will continue to be available at thousands of department, retail and home improvement stores across the country, including Maytag stores. And Maytag will continue to sell its Hoover floor care products at Best Buy, which remains an important floor care customer.

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