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Press release from Business Wire

Havertys Furniture Saves $2.2 Million while Spotlighting Home Décor with GE's LED Lamps

Thursday, November 29, 2012

Havertys Furniture Saves $2.2 Million while Spotlighting Home Décor with GE's LED Lamps15:03 EST Thursday, November 29, 2012 EAST CLEVELAND, Ohio (Business Wire) -- When Havertys Furniture evaluated its lighting portfolio across all 122 of its locations, the Southeast-region retailer wanted a solution that would benefit more than just its bottom line. The technology, performance and aesthetics of GE's 14-watt LED Retail PAR38 lamps inspired Havertys to use GE products to retrofit existing stores and for new construction moving forward. The switch will mean an average $22,300 lighting cost savings per store per year (based on a $.10 kWh rate and 4,000 hours of operation) or $2.2 million company-wide. The switch to LED retail lighting will save Havertys about $22,300 per store per year. (Photo: GE) “Our goal was to save money and be good stewards by reducing our energy footprint,” said Glenn Boone, director of construction and design for Havertys. “GE's lamps were an important ingredient in our equation.” Currently among stores retrofit with GE's LED lighting, Havertys reports an average 25-35 percent energy reduction—its Austin, Texas location alone seeing a more than 40 percent decrease. To date, Havertys has purchased 10,000 LED Retail PAR38 lamps, with an additional 5,500 scheduled for delivery. All of its locations are expected to be completed by 2015. The average store houses 734 fixtures fit with 90-watt halogen lamps, each costing $36 to operate annually. By comparison, each GE 14-watt LED lamp will cost only $5.60 to power for a year. This amounts to a $22,300 savings per store per year, or eventual $2.2 million cost benefit when all installations are complete. The design and technology of GE's PAR38 lamp was also a major selling point for Havertys. It was important that the LED diodes would not be visible on the lamps, and so the Visual Comfort Lens™ of GE's retail lighting product was, in their words, “a game-changer.” Thanks in part to technology and the attention paid to energy efficiency, GE has become Havertys' PAR38 LED lighting provider. For more information on this project, visit the GE Lighting pressroom or About GE Lighting GE Lighting invents with the vigor of its founder Thomas Edison to develop energy-efficient solutions that change the way people light their world in commercial, industrial, municipal and residential settings. The business employs about 15,000 people in more than 100 countries, and sells products under the Reveal® and Energy Smart® consumer brands, and Evolve™, GTx™, Immersion ™, Infusion™, Lumination™ and Tetra® commercial brands, all trademarks of GE. General Electric (NYSE: GE) works on things that matter to build a world that works better. For more information, visit Photos/Multimedia Gallery Available: GE LightingDavid Schuellerman,