Appliances back at J.C. Penney

Jul. 22, 2016 9:38 AM ETOLD COPPER CO INC. (CPPRQ) StockSHLDQ, BBY, CPPRQBy: Clark Schultz, SA News Editor19 Comments
  • The Dallas Morning News has pictures of what the new appliances section at J.C. Penney (JCP) looks like at eight stores around the Dallas-Ft. Worth area.
  • J.C. Penney is adding appliance sections to 500 stores by this fall in an effort to turbocharge home department sales. Early tests of the initiative have been positive.
  • Appliance selling fell by the wayside during the Ron Johnson era when the department store chain veered into a strategy to divides its stores by brands and dial back promotions.
  • Sector watch: Sears (SHLD) and Kmart stores could feel an impact from the appliances bet by JCP, Best Buy (NYSE:BBY) is also increasingly active in the appliances category.

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