In a company blog post, J.C. Penney said it is getting out of major appliances and cutting back on furniture operations as it reconsiders store layouts.
The company will discontinue selling major appliances effective February 28 “in order to better meet customer expectations, improve financial performance and drive profitable growth,” according to the post.
On the furnishings front, the company added, J.C. Penney will only sell furniture on its website and select Puerto Rico stores. The company will continue to sell mattresses in 450 stores and on the website.
As part of the blog post, J.C. Penney stated, “While configurations vary by store, we are finalizing new layout options, including the reduction of store space previously dedicated to appliance and furniture showrooms to maximize efficiencies, reduce inventory and create an enhanced shopping experience that inspires repeat shopping trips. Optimizing the allocation of store space will enable us to prioritize and focus on the company’s legacy strengths in apparel and soft home furnishings, which represent higher margin opportunities.”