Lowe's brings its kitchen and laundry appliance outlet to Texas with a store in Irving - The Dallas Morning News

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Lowe’s, the largest retailer of home appliances, is opening its first outlet store in Texas on Friday.

The store at 3500 W. Airport Freeway in Irving was a traditional Lowe’s store that the retailer closed two years ago. The outlet is opening in part of that 139,000-square-foot building. “We are exploring options to fully utilize the rest of the building,” Lowe’s spokesman Pedro Chen said.

Lowe’s, Home Depot and Best Buy are the big three in the home appliance business. Each jumped over Sears, the longtime leader with its Kenmore brand, as the department store chain closed stores in recent years.

Lowe’s still only has a handful of outlet stores, but this year it has accelerated its openings. Lowe’s outlets opened in a former Staples store in Chicago in February and in Miami in January. The first one opened in Monrovia, Calif., in 2019. The outlets are smaller than traditional Lowe’s stores at around 30,000 square feet.

The Irving store will be stocked with 1,500 scratch-and-dent appliances and parts priced up to 70% off, Lowe’s said. The appliances go through a series of tests and inspections before they’re put up for sale.

The first Lowe's Outlet in Texas is in a former Lowe's that closed two years ago at 3500 W. Airport Freeway in Irving.

Lowe's said its outlet appliances are tested and inspected and are covered by manufacturers' warranties.

Appliances represented 14% of Lowe’s sales last year. It sold $12.1 billion worth of Whirlpool, GE, LG and Samsung kitchen and laundry appliances in 2020. Its next-biggest categories, seasonal and outdoor living and lawn and garden, each represented 10% of sales.

Best Buy started opening outlets that sell appliances, TVs and computers a few years ago, including one in Farmers Branch in 2016. It now has 14 outlets. Appliances are a smaller piece of the pie at the consumer electronics retailer, but the company says the category grew 21% to $5.5 billion last year, or 10% of sales.

Appliances represent 9% of sales at Home Depot, or $11.86 billion. Home Depot, the largest U.S. home improvement chain, is a close No. 2 to Lowe’s in market share for appliances. Home Depot hasn’t opened separate stores for clearance items so far.

Lowe’s is putting outlet stores in markets where it has a big concentration of stores that can supply the outlet with merchandise. Lowe’s has 140 stores in Texas, including three dozen in Dallas-Fort Worth.

Lowe’s markets the outlets, which sell appliances slightly damaged in transport, as an option for customers who need appliances on a budget. All appliances are covered by the manufacturer’s warranty, Chen said.

Amazon is a huge seller of small countertop appliances, but while it lists some Kenmore appliances, Amazon’s selection of major kitchen and laundry appliances is limited.

Twitter: @MariaHalkias

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April 01, 2021 at 01:23AM
https://www.dallasnews.com/business/retail/2021/03/31/lowes-brings-its-kitchen-and-laundry-appliance-outlet-to-texas-with-a-store-in-irving/

Lowe's brings its kitchen and laundry appliance outlet to Texas with a store in Irving - The Dallas Morning News

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