GE Lighting, a division of
General Electric Company
), recently supplied Light Emitting Diodes (LED) solutions to
Riddle Jewelry store. GE's LED lamps are energy efficient and
will also add glitter to Riddle's showrooms.
FED SIGNAL CP (FSS): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis
HUTCHINSON WHAM (HUWHY): Get Free Report
ITT CORP (ITT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Riddle opened its first store in Webster, South Dakota, in 1959
and added many stores thereafter. Lighting plays a vital role at
Riddle's -- be it adding a subtle glitter to precious stones or
creating the setting of an engaging atmosphere.
Riddle changed halogen bulbs in 57 locations with General
Electric's LED lamps. The replacement is expected to save 20% to
25% annually in its store lighting costs. GE Lighting already has
long-standing business relationship with Riddle and the new deal
is an extension of this. Riddle has witnessed lighting energy
cost savings in the range of $100 and $150 a month in smaller
stores and from $175 to $225 in larger stores where it has
already used General Electric's lamps.
General Electric's new LED replacement lamps stay cooler than the
halogen bulbs and there has been a noticeable decrease in the
cooling demand on HVAC units in the store as well.
General Electric operates as a technology and financial services
firm. Its segments include Energy Infrastructure, Aviation,
Healthcare, Transportation, Home & Business Solutions and GE
Capital. A global leader in the lighting industry, GE Lighting
offers professional & consumer lighting solutions. Its
innovative and new technologies such as fluorescents and LEDs are
more efficient, cost effective and have lesser environmental
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now are
Hutchison Whampoa Ltd.
Federal Signal Corp
), both carrying a Zacks Rank #1 (Strong Buy), and
), which carries a Zacks Rank #2 (Buy).