by Mike Duff | Jul 25, 2023 | Retail Articles
iRobot has entered into a new $200 million credit facility that prompted the company and Amazon to amend the price per share formerly set for its acquisition by the retailer. Under the amended acquisition terms, Amazon will pay $51.75 per share revised down from $61...
by Peter Giannetti | Nov 9, 2022 | Appliances, Home + Housewares, Vacuum Cleaners
iRobot, awaiting the close of its pending sale to Amazon, reported a steep drop in orders of its robotic cleaning appliances by U.S. retailers contributed to a 37% year-over-year sales decline in its third quarter. The developer and marketer of Roomba robotic vacuum...
by Mike Duff | May 24, 2022 | Retail Articles
As it moves into an increasingly programmable future, Walmart has expanded an agreement with Symbotic, a supply chain technology company employing A.I. in its functions, to implement a robotics and software automation platform in all 42 of the retailer’s regional...
by Peter Giannetti | Mar 25, 2022 | Appliances, Home + Housewares, Vacuum Cleaners
The global cleaning robot market is expected to hit $34.94 billion by 2028, according to a recent study by Brandessence Market Research. Brandessence estimates the global cleaning robot market in 2021 reached $8.34 billion. The market researcher said the household...
by Peter Giannetti | Mar 17, 2022 | Appliances, Home + Housewares, Vacuum Cleaners
iRobot Corp. reported it is rolling out its iRobot Genius 4.0 Home Intelligence software update for Wi-Fi-connected Roomba robot vacuums and Braava jet robot mops. iRobot Genius 4.0 features updates for new functionality, including Imprint Smart Mapping for Roomba i3...
