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J.C. Penney Sees More Opportunities in Home Improvement

J.C. Penney Sees More Opportunities in Home Improvement

J.C. Penney has started selling products such as bathtubs and power tools online and is expanding its services in some markets with basic bathroom remodels, The Dallas Morning News reports.

The department store forayed into home improvement in 2016 by selling kitchen and laundry appliances in 500 stores and later partnering with Trane to offer heating, ventilation and air conditioning systems.

J.C. Penney CEO Marvin Ellison says these new ventures “will help [the company] grow and de-emphasize the department store’s dependence on apparel,” according to The Dallas Morning News.

CNBC reports that the installation services will be available through 100 stores and will include “bathroom remodeling, home heating and cooling systems, quick-ship and installed blinds, whole home water solutions, awnings and smart home technology.”

“It’s a $300 billion market that we believe we have the opportunity to pick up some significant market share,” Ellison says in the CNBC coverage.

In addition, J.C. Penney will add 100 more appliance showrooms in 2017 and begin offering more appliance brands, according to the Dallas Business Journal.

The changes follow announcements that the retailer is closing 140 store locations and trimming its workforce by offering early retirement to thousands of employees.

About Melanie Moul

Melanie Moul
Melanie is an assistant editor for Hardware Retailing magazine. Originally from South Bend, Indiana, she studied professional writing at York College of Pennsylvania, and then worked in central Pennsylvania for several years after college as a barista and an editor. She returned to the Hoosier State in late 2016 to join the NRHA team. She enjoys cooking new recipes for her husband to try and watching documentaries with her cat.