July 12, 2021
Signify Announces Third Price Increase of 2021
Genlyte Solutions, Philips and Advance brands raise prices in response to continued supply chain pressures.
July 12, 2021: A spokesperson from Signify has distributed the following price increase announcement:
"Due to pressures felt throughout the global supply chain, including raw materials, commodities and logistics, Signify will implement price increases for a select portion of our professional lighting products, effective August 9, 2021. The price increases will occur within our Genlyte Solutions collection of luminaire brands and our Lamps and LED Electronics portfolios, namely the Philips and Advance brands.
- LED Lamps will increase an average of 5%
- Conventional Lamps will increase an average of 3%
- LED Electronics will increase an average of 3%
- Lamp Electronics will increase an average of 6%
- Luminaire increases will vary based on product families
These increases will be applied to all orders placed on August 9, 2021 onwards or for future-dated shipments on orders placed between now and August 9, 2021. Any existing open project quotes or special price agreements will also be subject to the new price schedule."
June 1 Price Increase:
Fixtures: +6% average
Conventional lamps: +5% average
LED lamps: +3% average
February 15 Price Increase:
Fixtures & ballasts: +6% average
Conventional lamps: +5% average
LED lamps: +3% average
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