KitchenAid must sell more units to make up for lost revenue, the owner of a Vancouver appliance business has told The Globe and Mail.
Bob Stuckey says he’s “pretty happy” about his earnings since the company shut down its East Coast appliance business in September.
“It’s been pretty steady, and the volume’s been growing,” said Stuckeys, who owns the East Coast Appliances company.
“I think it’s time for us to have a little bit of a talk about that and maybe do something about it.”
Stuchers co-owns the Vancouver appliance brand Lure and the East coast appliance brand Appliance Parts Company.
He also operates an independent appliance repair business called The Parts Store.
The two companies co-marketed the KitchenAid X100 line of home appliances in the early 2000s.
The company says it sold $3.5 million in KitchenAid appliances in Canada and the U.S. between March 1 and March 31, with the majority of those sales going to households in Canada.
It also says it has been profitable.
“The reason why we closed was the decline in sales from consumers, which we felt was very troubling,” Stucks said in an interview.
The downturn was partly driven by consumers buying appliances that were no longer in production, he said.
The appliance business closed in October following a prolonged supply shortage that included a supply disruption that affected many consumers in Canada, including Stuches children, who often went to a nearby store to buy their own home appliances. “
So it’s not the right time to go out and sell a bunch of expensive appliances.”
The appliance business closed in October following a prolonged supply shortage that included a supply disruption that affected many consumers in Canada, including Stuches children, who often went to a nearby store to buy their own home appliances.
The shortage also affected the company’s other Vancouver appliance brands.
While the appliance business was still operating, the company continued to sell its popular but less expensive Lure line of appliances.
Stuckes family has been operating his appliance business since 1994.
“This has been the biggest part of our family for the last 20 years, and it’s just been a constant struggle,” he said, adding that he’s still struggling to make ends meet.
“What happens to your family depends on your lifestyle, so we’ve been lucky that we’ve had a really healthy income and our lifestyle has been really good.”
But the family has struggled financially in recent years.
“If we go into debt, the financial problems we’ve talked about over the last few years are just going to make us worse financially,” Stockeys said.
Stoucks said he has a plan in place to cut costs.
“Every year, I have to come up with a budget for the next year, and this year it was just about $15,000,” he explained.
While he believes he’s in a good place financially, he says he has to work harder to keep his family afloat. “
Now we’re in a very bad place, and I think the market is just going in the wrong direction.”
While he believes he’s in a good place financially, he says he has to work harder to keep his family afloat.
Stocks family will continue to operate The Parts Shop until they’re able to re-enter the business. “
You’ve got to make sure you’re making enough money, and if you’re not making enough income, you’re going to be out of business.”
Stocks family will continue to operate The Parts Shop until they’re able to re-enter the business.
He says they’re looking to invest in the next stage of the business, which he hopes will be more profitable.
He said he doesn’t think he’ll be able to make the needed cuts to keep operating until then.
“My family has always been really supportive, and we’ve always been there for each other,” he added.
The Globe spoke with Stuckys wife and daughter who live in the same city. “
Until I see a future where we can support our family, that’s the most important thing.”
The Globe spoke with Stuckys wife and daughter who live in the same city.
They declined to comment.