+- Woodnet Forums (https://www.forums.woodnet.net)
+-- Thread: J.C. Penny is getting back in the appliance business (/showthread.php?tid=7210022)
J.C. Penny is getting back in the appliance business - Cooler - 02-03-2016
I just read about this.
http://www.chainstoreage.com/article/ana...%2D02%2D03%2D16
Re: J.C. Penny is getting back in the appliance business - daddo - 02-03-2016
I guess after closing maybe 100 stores, it is taking the condensed route to survival then diversifying it's market.
The best car battery I ever had came from them. It was expensive but I used it for at least 8 years- it ended up on the lawn tractor for a couple years.
Re: J.C. Penny is getting back in the appliance business - fredhargis - 02-03-2016
It's my understanding that appliances are mostly sold on razor thin margins, can't imagine that will help them out.
Re: J.C. Penny is getting back in the appliance business - daddo - 02-03-2016
fredhargis said:
It's my understanding that appliances are mostly sold on razor thin margins, can't imagine that will help them out.
Probably just get more people "into" the store- more traffic, more sells.
And the appliances will be toward the rear or side to make the folks walk past high sell items.
Re: J.C. Penny is getting back in the appliance business - Bill Wilson - 02-03-2016
I'm thinking that if I'm not prone to shopping at Penny's in the first place, having appliances there isn't going to do much to entice me.
Re: J.C. Penny is getting back in the appliance business - Cooler - 02-03-2016
Apparently they brought in new marketing executives with Home Depot past experience. That might be driving this.
It's nice to have another vendor to get pricing from.
When I moved up here from Long Island all we had was Sears and Montgomery Ward. It didn't matter if you wanted to buy a suit or a drill press. That was all that was here.
Now we have Macy's, J.C. Penny, Sears, Kohls, Starbucks, Starbucks, Starbucks, H & M. Circuit City is gone, but Best Buy is here.
In any case I welcome another vendor to bring down the price.
When I bought my DeWalt Miter Saw (before Amazon.com) it was $399.00 everywhere. Then Home Depot came to town, Sears carried the saw and Lowes came to town. In a four month period of time it went from $399.00 to $299.00 (at which time I bought it). Later on it dropped another $20.00. Competition is a good thing.
Re: J.C. Penny is getting back in the appliance business - meackerman - 02-03-2016
somewhere I read that some stores, (maybe lowes?) the appliances are actually sold through a 3rd party. but the retail store fronts the floor space and the employee's, but it doesn't own the stock.
Re: J.C. Penny is getting back in the appliance business - Cooler - 02-03-2016
meackerman said:
somewhere I read that some stores, (maybe lowes?) the appliances are actually sold through a 3rd party. but the retail store fronts the floor space and the employee's, but it doesn't own the stock.
I shopped appliances recently and read through Consumers Reports. I would think that they would have mentioned that if it were so. It could be. But I saw no mention of it.
But as long as the store does not shirk it duty on repairs, warranties, or returns I don't see an issue with this.
Re: J.C. Penny is getting back in the appliance business - Snipe Hunter - 02-03-2016
meackerman said:
somewhere I read that some stores, (maybe lowes?) the appliances are actually sold through a 3rd party. but the retail store fronts the floor space and the employee's, but it doesn't own the stock.
I worked for Lowes several years ago. Appliances are indeed owned by the manufacturer but sold by the retailer. The manufacturers pay for the space, delivery and commissions for the salespeople.
I wouldn't know where to find a Penny's if I had to.
Re: J.C. Penny is getting back in the appliance business - daddo - 02-03-2016
Snipe Hunter said:
[blockquote]meackerman said:
somewhere I read that some stores, (maybe lowes?) the appliances are actually sold through a 3rd party. but the retail store fronts the floor space and the employee's, but it doesn't own the stock.
I worked for Lowes several years ago. Appliances are indeed owned by the manufacturer but sold by the retailer. The manufacturers pay for the space, delivery and commissions for the salespeople.
I wouldn't know where to find a Penny's if I had to.
[/blockquote]
Here ya go.
Got 18 of them.
