Hey, Instant Pot Owners!

[George K]

The company that makes it filed for Chapter 11 bankruptcy.

https://www.wsj.com/articles/instant-pots-slower-sales-tip-gadget-maker-into-bankruptcy-1ef2c7d1?st=vu328sod0qdi0b3&reflink=article_copyURL_share

[Mik]

I'd imagine it's due to not recognizing that a whole lot of competitors will jump on that wagon.

[George K]

The company’s net sales decreased 21.9% in the first quarter this year compared with the same period in 2022, the seventh consecutive quarter of declining year-over-year sales, S&P Global said in a ratings downgrade of Instant Brands last week. The company ended March with roughly $95 million in liquidity and the business hasn’t been generating cash, according to the ratings report.

“Instant Brands’ performance continues to suffer from depressed consumer demand due to lower discretionary spending on home products, lower retailer replenishment orders for its categories, and some retailers moving to domestic fulfillment from direct import,” the S&P report said.

[Horace]

I single-handedly took them down with my excoriating 1 star review. But they brought it on themselves. I was only the messenger of their downfall.

https://nodebb.the-new-coffee-room.club/topic/16372/the-case-of-the-insanely-designed-air-fryer?_=1686836012163

[LuFins Dad]

I know my stoner brother gave them a really bad review…It wasn’t what he expected at all…

[George K]

Like many "gadgets" people tend to overestimate their utility. I really like mine, but I restrict its use to certain dishes - chili, mashed potatoes, and some very nice pork chops with gravy, for example.

[Horace]

Air fryers for the kitchen gadget win.

[kluurs]

We use the air fryer about once a day, the Instant Pot - maybe once or twice a month.

[Mik]

It lurks in my appliance garage, longing to be called into duty.

[Axtremus]

My old toaster oven has essentially lost its "bake" function. Since then I have been using the air fryer and the big oven more to pick up the slack. Never have the desire to get an Instant Pot.

[George K]

Mrs. George likes dumplings (unstuffed, bread dumplings).

I used the instant pot for them yesterday - steamed 'em for 3 minutes and they were perfect.