• Power Equipment
  • Floor Care and Appliances

    • Floor Care and Appliances sales were HK$7.8 billion, accounting for 29.5% of total TTI sales. This represented an 11.1% increase compared to the same period last year. The business segment result grew by 161.9%. The impressive improvement reflects the benefits of the recent product line streamlining activities and aggressive cost improvement programs. New products are a primary business driver and accounted for one third of sales during the year.

    North Americaopen

    In North America, HOOVER® continued to strengthen its market position. The brand has established a strong position in upright vacuums with its highly successful WindTunnel® T-Series™ which reached a significant milestone by selling its one millionth unit, underscoring the power of this technology platform. The HOOVER® Max Extract proved to be a high impact new product with strong end-user acceptance. It incorporates patented cleaning functions and technology including ‘pressurized cleaning’, ‘SpinScrub® technology’, and ‘smart tanks system’. The Max Extract also drives sales of proprietary cleaning solutions that reinforce the platform’s competitive advantage as well as providing incremental revenue streams. The iconic HOOVER® brand continues to prove its value, facilitating brand extension into new products such as steam cleaning, sanitizing cleaners, and FloorMate® for hard floor washing.

    DIRT DEVIL® sales were driven by the introduction of a new range in its traditional red color and the brand’s expansion into outdoor cleaning products. New products including cyclonic quick vacs, 2-in-1 cordless stick vacs and electric pressure washers were introduced at strategic price points. The expansion of product offerings beyond floor care to electric pressure washers offered a simple and intuitive solution to outdoor cleaning tasks. Targeted promotional activities combined with refreshed packaging supported the DIRT DEVIL® performance in 2010.

    Europeopen

    In Europe, we achieved double-digit growth through channel expansion and new products under our DIRT DEVIL® and VAX® brands. DIRT DEVIL® continued to expand distribution and solidified its position as a leader in Germany. The brand also ran a highly successful advertising campaign to celebrate the 20th anniversary of DIRT DEVIL®. UK sales were led by the success of the VAX® ultra light weight Mach Air® vacuum which was supported by aggressive marketing and advertising campaigns, and new steam cleaning products.