Home appliance shipments rise in June

Shipments of major home appliances rose 11.3% Y/Y to 7.51M units in June, according to industry tracking.

The development could bode well for Whirlpool (WHR +0.3%).

On the other side of the equation, electronics and appliance stores (BBY, CONN, HGG) sales rose only 0.1% M/M in June. The annualized rate is well- below the pace of shipments.

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