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

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

Business Wire

EAST CLEVELAND, Ohio -- November 29, 2012

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)

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
GELighting.com.

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
www.gelighting.com.

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Contact:

GE Lighting
David Schuellerman, 216-266-9702
david.schuellerman@ge.com