While JC Penney's bankruptcy proceedings include the closing of almost 250 locations, the national chain is offering up to 60 percent off on kitchen appliances, jewelry, sports gear, fashion, shoes, accessories and more.
Here's a look at the savings:
You can get an extra 40 percent off select original, regular and sale of St. John's Bay, which is already reduced 30 percent, through Thursday night's flash sale.
Or, you can get an extra 30 percent off any purchase of $75 or more on select original, regular and sale priced apparel, shoes, accessories, fine jewelry and home. Cooks 10-pc. Cookware Set is listed at 50 percent off the regular price of $200.
JC Penny's is offering an extra 25 percent off any purchased under $75 on select original, regular and sale priced apparel, shoes, accessories, fine jewelry and home. The offers end Thursday, May 28. Use the promo code 7NEWLOOK.
JEWELRY: Sixty percent off select original and regular-priced gold and silver jewelry purchases of $325 or more; 40 percent off select original and regular-priced diamond, gemstone and Modern Bride purchases of $325 or more; or 25 percent off select original and regular-priced watch purchases of $100 or more. The offer ends Thursday, May 28. Use the promo code JEWELRY6.
SPORTS GEAR: An extra 25 percent off select sports fan shop merchandise good through June 3. . Use the promo code 4FANSHOP.
FASHION JEWELRY: Fifty percent off select original, regular and sale-priced fashion jewelry purchases of $30 or more through June 3. Use promo code STYLE22.
Through June 3, take an extra 30 percent off select original, regular and sale-priced apparel, shoes, accessories, fine jewelry, and home purchases of $75 or more and 25 percent off for the purchases under $75. There is a 10 percent off sale on select furniture, mattresses, electronics, small electrics, fitness equipment and accessories, floor care, blinds and shades, watches, and salon products. The offer is good through June 3 with the promo code HOORAY9.
The Outdoor Oasis Santa Rosa Patio Lounge Chair is 40 percent off the listed $400. It is $167.99 with the promo code.
Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim.
We Went Inside A JCPenney And Saw Why The Company Is Struggling
WATSONVILLE, CA — Enjoy tranquil Kelly Lake from this recently reduced lakefront home in Watsonville.
This three-bed, three-bath gem saw an $11,000 price drop to $1.6 million last week.
Expansive windows and a waterfront deck allow residents to bask in natural light and enjoy the stunning views from the property, which is home to abundant wildlife and flora. The gated home features a wet bar and granite kitchen with modern appliances.
Address: 149 Cutter Dr, Watsonville, California
Price: $1,648,000
Square Feet: 3386
Bedrooms: 3
Bathrooms: 3 Baths
Built: 1967
Features from realtor.com: Summertime at the lake on sought after Cutter Drive! Expansive lakefront views are your eye candy from many rooms of this beautifully designed home. Sit back and relax inside or outside on your elevated deck to enjoy the beautiful sunsets and blessings of nature! Bunnies, hummingbirds, ducks, hawks and many other varieties of birds make their home here too! Colorful flowers are also abundant. This privately owned and exclusive lake offers you the pleasures and fun of boating, fishing and water sports. This very special home is a sanctuary for the entire family. The floor-plan is open and spacious yet the bedrooms are private. The kitchen is an entertainer's dream and the separate living area downstairs offers a variety of options for family and guests.
This listing originally appeared on realtor.com. For more information and photos, click here.
J.C. Penney on Tuesday announced it launched a new home brand, Linden Street.
The brand includes bedding and sheet products ranging between $40 and $220, according to a company press release.
The retailer said it had sustainability in mind when launching the brand, which includes products that are free of more than 300 harmful substances, and feature packaging made with biodegradable labels and recycled polyester.
Dive Insight:
Just days after filing for Chapter 11 bankruptcy protection, J.C. Penney introduced a new collection aimed at bringing "a fresh beginning" to its home private labels, and possibly the retailer itself.
Although launching a new brand while in the bankruptcy process may come as a surprise, part of the retailer's restructuring plan included "offering compelling merchandise." Similarly, Toys R Us in 2017 launched a rebranding campaign and formed a new partnership with marketplace platform Mirakl just days after it filed for Chapter 11. However, the move cost the struggling toy retailer in the long run and Toys R Us eventually ended up liquidating.
The home space is also a sector J.C. Penney had been moving away from in recent years. When then-CEO Marvin Ellison took the helm in 2016, he made a big push to return appliances and furniture to the retailer's stores after it discontinued sales of non-apparel items back in 1983. The move paid off for a while, but in November 2018, Penney executives said that underperforming categories in the third quarter included "big ticket areas and home such as appliances." In February 2019, the retailer announced it would pull appliances and furniture items from its U.S. stores.
The home category is also a sector that has seen increased competition from off-pricers and e-commerce retailers, battering the more traditional players. Pier 1, which filed for bankruptcy protection in February and last week announced it would wind down its U.S. retail operations, had ceded market share to the likes of Wayfair, Amazon and TJX's HomeGoods. Regional chain Art Van furniture also filed for bankruptcy in March, and discount home goods retailer Tuesday Morning is reportedly eyeing a filing as early as this week.
Though, with the sustainability element to the collection, Penney may be trying to attract a younger set of consumers, who tend to favor more environmentally conscious brands.
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the smart home appliances market and it is poised to grow by USD 31.66 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.Please Request Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. AB Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., and Whirlpool Corp. are some of the major market participants. The adoption of wireless connecting devices will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Adoption of wireless connecting devices has been instrumental in driving the growth of the market.
Smart Home Appliances Market 2020-2024: Segmentation
Smart Home Appliances Market is segmented as below:
Product
Smart Washing Machines and Dryers
Smart Air Conditioners
Smart Refrigerators
Smart Microwave Ovens
Smart Dishwashers
Distribution Channel
Geographic Landscape
North America
APAC
Europe
South America
MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40419
Smart Home Appliances Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart home appliances market report covers the following areas:
Smart Home Appliances Market size
Smart Home Appliances Market trends
Smart Home Appliances Market industry analysis
This study identifies growing smartphone penetration and increasing internet speed as one of the prime reasons driving the smart home appliances market growth during the next few years.
Smart Home Appliances Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the smart home appliances market, including some of the vendors such as AB Electrolux, General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., and Whirlpool Corp. Backed with competitive intelligence and benchmarking, our research reports on the smart home appliances market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Smart Home Appliances Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist smart home appliances market growth during the next five years
Estimation of the smart home appliances market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the smart home appliances market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of smart home appliances market vendors
Table Of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product placement
Smart washing machines and dryers - Market size and forecast 2019-2024
Smart air conditioners - Market size and forecast 2019-2024
Smart refrigerators - Market size and forecast 2019-2024
Smart microwave ovens - Market size and forecast 2019-2024
Smart dishwashers - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution Channel
Market segments
Comparison by Distribution channel placement
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Geographic Landscape by Volume
Geographic segmentation
Geographic comparison
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
AB Electrolux
General Electric Co.
Koninklijke Philips NV
LG Electronics Inc.
Mitsubishi Electric Corp.
Panasonic Corp.
Robert Bosch GmbH
Samsung Electronics Co. Ltd.
Sharp Corp.
Whirlpool Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Coronavirus Lockdown: Cambridge Model Predicts What India Needs To Contain COVID-19 Spread
Home Depot Memorial Day sales are going strong all weekend long, and now's your best chance to score some new home goods at a steep discount. In general, the best Memorial Day sales tend to focus on appliances, outdoor furniture, and grills — all of which Home Depot is renowned for selling.
So now that Memorial Day weekend is here, we're rounding up the best Home Depot Memorial Day sales you can get. If you're shopping for major appliances, Home Depot has some of the most aggressive deals we've seen. They're taking up to $1,700 off appliances packages from Samsung and LG. As far as standalone appliance sales go, you can expect to save up to 40% on refrigerators, washer/dryer units, and microwaves.
Meanwhile, with summer rapidly approaching, Home Depot is taking up to 40% off portable air conditioners. While not the most efficient, these AC units feature built-in wheels that let you take them to and from any room. After discount, prices start at as low as $260.
Indoor Artificial Plant: was $44 now $39 @ Home DepotGive your patio or indoor apt a greener look with this 31-inch bromeliad and pothos plant. It comes with a hanging basket and the silk arrangement looks as life-like as it comes. Best of all, you don't have to worry about watering it. View Deal
Lawn and garden: up to 40% off @ Home DepotHome Depot Memorial Day sales are taking up to 40% off lawn and garden accessories. This includes bug control sprays, ornaments, lanterns, and more. View Deal
Small kitchen appliances: up to 20% off @ Home DepotHome Depot is taking up to 20% off stand mixers, pressure cookers, coffee makers, and deep fryers as part of its Memorial Day deals. The sale includes discounts from Magic Chef, Ninja Foodi, KitchenAid, and more. View Deal
Outdoor grills: up to $50 off @ Home DepotSummer isn't complete without an outdoor barbecue. Home Depot is taking up to $50 off select outdoor grills from Weber, Dyna-Glo, Landmann, and Royal Gourmet. The sale includes gas, charcoal, and natural gas grills. View Deal
Dyna-Glo 4-burner gas grill: was $315 now $284 @ Home DepotThe Dyna-Glo 4-Burner Propane gas grill comes in stainless steel with a handy side burner. It offers 640 square inches of total cooking space, and it offers a quick-start electronic ignition. View Deal
Patio Champ Charcoal Grill: Was $189 now $149This affordable charcoal grill measures 443 sq. inches, packs a wheel and handles for easy transportation and an adjustable charcoal grate that lets you control heat intensity.View Deal
Ring Outdoor Wi-Fi Cam w/ Floodlight: Was $249 now $199Ring's excellent floodlight camera features a pair of strong lights and crisp image quality, making it the perfect accessory for securing the backyard -- especially at this price. View Deal
Patio furniture: up to $200 of dining sets @ Home DepotGive your patio a brand new look without breaking your budget. Home Depot is taking from $50 to $200 off select patio furniture. The sale includes dining sets, umbrellas, loveseats, and patio tables. View Deal
Pinnacle Park 4-Piece Patio Set: Was $899 now $584This patio furniture set gets you a table, a loveseat and two cushioned chairs, all sporting a resilient iron frame and sleek black-and-brown finish. View Deal
Power tools: 40% off Milwaukee, DeWalt @ Home DepotHome Depot Memorial Day sales offers discounts on all types of tools needed for DIY projects. Brands that are up to 40% off include DeWalt, Craftsman, Milwaukee, and more. The sale includes drills, combo kits, and hand tools. View Deal
Be sure to check out all of our top appliance picks:
Home Depot Memorial Day Sales 2020 - I FOUND A FEW HIDDEN GEMS!
In the coronavirus era, stuck-at-home Americans are loading up on more than just breadmakers. Take Mr Peter Camardella, the 63-year-old owner of a small appliance store in New York. He could not find a deep freezer for his own daughter after his shop sold out.
"Customers have bought one, and they already have two or three. Many buyers are afraid of food shortages," he said.
Even as personal spending in the US plunged the most on record amid stay-at-home orders, people bought all kinds of appliances. Sales from March 15 to April 11 rose for about 70 per cent of the 88 subcategories for home and kitchen goods tracked by market researcher NPD Group.
Some of the gains were just staggering, including electric pasta makers (462 per cent), soft-drink machines (283 per cent), handheld cleaning devices (284 per cent), water filtration machines (152 per cent) and air purifiers (144 per cent).
The much-written-about baking trend also showed up, with purchases of those breadmakers surging more than sixfold.
Lockdown life has forced people to rethink their homes, as they have morphed into spaces where schooling, working, exercising, inventory-stockpiling and germ avoidance are new, high-stakes activities. If history is a guide, that will not change when the world returns to some semblance of normal, according to Mr Ian Bell, a researcher with Euromonitor International.
He noted that people will not fall back into a "psychology of abundance" once the crisis passed. That portends a major shift towards appliances, including adding more space for refrigeration and food storage.
"It won't be business as usual," he said. The phenomenon is global, with regional differences. In countries where people ate out a lot, like Singapore, there are now more pots and pans to clean, thus new interest in dishwashers.
In places where domestic help was common, such as Brazil, the practice has ended due to social distancing, leading to a boom in cleaning devices.
"People are using their appliances more than ever."
The appliance industry is poised to respond because wellness-certified designs and high-tech features, such as voice activation, were already in the innovation pipeline, said Seattle-based kitchen and bath designer Paula Kennedy. "It's amazing, some of the sci-fi things they come up with," she said.
Washing machines with sanitising cycles and Samsung's touchscreen refrigerators are primed to go mainstream more quickly with the added attention on home hygiene in the coronavirus era.
For consumers stockpiling food, a fridge or freezer will be able to alert them when items are about to expire or need to be reordered, Ms Kennedy said.
There are also bathroom exhaust fans equipped with germ-killing LED lights from Wisconsin-based Broan-NuTone.
Consumers can reduce the use of towels, which can spread germs, with hand dryers from UK-based Dyson, or full-body models from Spain's Valiryo Technologies. Even motion-triggered faucets, so hard to turn on in public restrooms, may find traction in the new multi-functional, post-pandemic home.
"If we listen to consumers, there's a whole lot of new need being created," said Mr Joe Derochowski, a home industry analyst at NPD. "This is when stress creates great innovation."
Even big-ticket items are selling amid surging unemployment.
In March, sales in the large-appliance category, which includes washers, ovens and fridges, rose almost 6 per cent from a year ago, according to the Association of Home Appliance Manufacturers (AHAM).
That bucked declines in January and February.
One reason for the gains is that due to social distancing, people are shunning appliance repairs - something they would normally do to save money in an economic downturn.
That has pushed more people to splurge on new dishwashers and refrigerators, according to Ms Jill Notini, a spokesman for the AHAM.
Deep freezers have done especially well, with sales up 45 per cent versus a year ago, according to AHAM data. Most models at the websites of Home Depot and Amazon.com were sold out at the time of writing this story.
The trend appears far from over. Fears over meat shortages spurred another surge in freezer storage, according to Ms Whitney Welch, a spokesman for GE Appliances.
The company, a unit of Qingdao-based Haier Group since 2017, continues to see higher demand. "People are using their appliances more than ever," she said. "They are spending more time with their families under one roof cooking, cleaning and storing food."
For Mr Camardella, the shop owner who sold about 40 deep freezers before running out, there is no relief in sight. He has tried to place orders through a buyer's cooperative only to have delivery dates pushed back.
But he said that has not stopped his customers from pulling out their wallets. "People have been buying refrigerator-freezer combos just to get the freezer."
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The Real Reason People Are Buying A Bunch Of Toilet Paper
A group of Turkish business associations is looking to buy the household appliances operations of Dutch health care equipment maker Philips, Turkish newspaper Sabah reported Friday.
Philips said in January it was looking to separate the household appliances arm, which makes vacuum cleaners and coffee machines and had $2.6 billion in sales in 2019.
Spokesman Steve Klink said the company is still in the process of disentangling the operations, a process expected to take 12-18 months.
"We would only expect to engage... (with potential buyers) after the summer," he said.
The Turkish group includes five leading organizations in the business world: The Foreign Economic Relations Board (DEİK), exporters' assembly TİM, the chambers and commodity exchanges union (TOBB) and business associations TUSİAD and MUSİAD.
"We as Turkey are the most powerful country in production between Germany and China. Hence an economic model must be created by the Turkish business world forming consortiums and buying global brands," said DEİK board member Murat Kolbaşı.
Turkey has a $1 billion small household appliances market while there are 10,300 small household appliances brands in the world market which are worth $100 billion.
Kolbaşı said that among those, Philips's home appliances arm is the largest with a 2.3 billion euro ($2.5 billion) turnover.
Trade Minister Ruhsar Pekcan had expressed support for the project, as well.
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