Almo Home Appliance Vendors Eager to Participate in Program Offering Independent Retail Dealers Additional 30 Days of Extended Floor Plan Credit
Philadelphia, PA — April 7, 2020 — Launched last week to help assist professional A/V resellers through challenging economic times due to the COVID-19 global pandemic, Almo Corporation has expanded the Almo Financial Relief Program with help from its largest home appliance vendors. As part of this program, Almo is offering an additional 30 days of extended floor plan credit terms to qualified independent retail dealers on appliances purchases made from Almo through April 30, 2020.
Almo Financial Relief Alliance Home Appliance partners include Electrolux/Frigidaire Major Appliances, LG Home Appliances, Samsung Home Appliances and Sharp Appliances.
According to Jack Halperin, senior vice president, Dealer Channel Division, Almo Corporation, “The uncertainties associated with COVID-19 have created challenging business situations for many of our independent appliance dealers as they work to stay an essential part of keeping residential homes operational. Our traditional order, shipment and delivery turnaround times may also be slightly lengthened over the next month. The additional 30 days of extended floor plan terms will help dealers stock the necessary inventory needed to address any immediate consumer demand that arises.”
To learn more about the Almo Financial Relief Alliance, independent retail dealers should contact their Almo Account Manager.
About Almo Corporation
For more than seven decades, Almo Corporation has served as the largest independent distributor of appliances, consumer electronics, professional Audio/Video equipment, furniture and housewares in the United States. Meeting the needs of retailers across the country, Almo operates nine regional distribution facilities with over 2.5 million square feet of warehousing.
Almo focuses on four major business segments or divisions. The Major Appliance and Electronics dealer channel segment works with more than 2,000 independent dealers throughout the United States distributing household name-brand products in a variety of retail categories. The Premium Appliances division works with independent retailers of luxury appliances and outdoor lifestyle products including patio furniture and BBQ grills. The Professional A/V division provides value-added technology and professional audio visual products and services to professional integrators, dealers and consultants. The Fulfillment Division is a state-of-the-art e-Commerce Fulfillment business that serves some of the largest online retailers in the country with a wide range of products. For more information, go to www.almo.com or call 800-345-2566.