Acuity brands announces price increases starting May 15

US lighting company Acuity brands issued a notice saying that the 15% increase in the price of some previously announced products will be implemented and effective on May 15, 2019. For the affected products, the last day of the order and delivery at the current price is May 14. After this date, all orders placed and shipped will be executed at the new price.

The company said it will continue to pay attention to the progress, timely communicate the tariff rate, implementation date and the scope of the affected items, and make adjustments according to the situation.

The analysis believes that the upward adjustment of tariffs will lead to more American lighting brands to join the price increase to reduce tariff shocks.