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Home appliances to return to J.C. Penney after 30 years

Published 01/19/2016, 10:07 AM
Updated 01/19/2016, 10:10 AM
© Reuters. Customers ride the escalator at a J.C. Penney store in New York
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(Reuters) - Department store operator J.C. Penney Co Inc said it would start selling home appliances from February, re-entering the business after a gap of more than 30 years.

The chain will sell kitchen and laundry appliances in a range of price points from GE, Hotpoint, LG Electronics Inc and Samsung Electronics (KS:005930) in 22 pilot stores starting Feb. 1.

"The introduction of major appliances will help us continue to significantly improve sales and gross profit per square foot in our home department," Chief Executive Marvin Ellison said in a statement.

Sales of home goods accounted for about 12 percent of the company's total sales in 2014.

Appliances were popular shopping items this holiday season. Best Buy reported a 13.4 percent rise in appliance sales at comparable stores in the 9 weeks ended Jan. 2.

© Reuters. Customers ride the escalator at a J.C. Penney store in New York

J.C. Penney also said it plans to make appliances available at its online store starting spring.

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