Almo, Appliance Vendors Extend Floor Planning Terms

BrandSource distribution partner Almo Corp. is offering an additional 30 days of extended floor plan credit terms.

The added leeway, provided in tandem with Electrolux, LG, Samsung and Sharp, is available to qualified independent dealers on appliances purchased from Almo through April 30, 2020.

The program is part of the distributor’s Financial Relief Alliance, which was launched last week to initially assist pro channel A/V resellers through the challenging economy.

Related: Almo Shipping Ventilators Across the Country

“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,” said Jack Halperin, Senior VP of Almo’s Dealer Channel Division. “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.”

Almo’s major appliance and consumer electronics dealer channel segment serves more than 2,000 independent retailers across the country. The distributor also operates a Premium Appliances division that provides dealers with luxury white-goods and outdoor lifestyle products including grills and patio furniture.