In 2015, appliances accounted for 8% of Best Buy Co. Inc.’s (NYSE: BBY) revenue mix. Year-over-year comparable sales grew 15.4%, the best of any merchandise category. Perhaps, then, we shouldn’t be surprised that appliance promotions are a big deal for the retailer.
Best Buy’s Fourth of July promotion offers up to 40% off on major appliances. That’s a better offer than the 30%-off deals the company offered for the President’s Day holiday and the Memorial Day promotion.
For example, a Samsung 28.2-cubic foot, 4-door refrigerator (RF28HMELBSR) with a list price of $3,599.99 is selling for $1,994.99, a savings of nearly 45%. The fridge even has a touch-pad so consumers can access the Internet and communicate with other Samsung smart devices. Delivery is free.
A Whirlpool 2-cubic foot over-the-range microwave in stainless steel (WMH53520CS) is on sale for $219.99, a reduction of 45% from the list price of $399.99. Standard shipping is free.
For someone looking for something a bit smaller, a KitchenAid Professional 5 Plus stand mixer (KV25G0XSL) in in silver (black and red also available) that is regularly priced at $499.99 is selling for $224.99, a savings of 50%. Standard shipping is free.
Best Buy is also offering a Frigidaire 5-cubic foot self-cleaning gas convection range (BGGF3045RF) for $599.99, a savings of 40% from the regular price of $999.99. Delivery is free.
The only other merchandise category in which Best Buy posted a comparable-sales gain in 2015 was consumer electronics and the gain was barely a third of the year-over-year boost in appliance sales. We would expect to see more appliance promotional sales running up to the end-of-the-year holiday season. Labor Day is right around the corner.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.