Sears will begin selling its appliances on Amazon
Sears will begin selling its appliances on Amazon.com, The announcement Thursday sent shares of Sears soaring more than 18% at the opening bell. The tie-up with the internet behemoth could give shares of the storied retailer one of its biggest one-day percentage gains ever. Sears, which also owns Kmart, said that its Kenmore Smart appliances will be fully integrated with Amazon's Alexa, allowing users to use voice commands for air conditioners and other controls. "The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the U.S.," Chairman and CEO Edward Lampert said in a company release. Sears has struggled with weak sales for years, and announced more store closings earlier this month, partly due to the emergence of Amazon and other Internet operators.
Jul-20-2017, 14:45:32 GMT
- Country:
- Asia (0.07)
- North America > United States
- California > Los Angeles County
- Los Angeles (0.07)
- Illinois > Cook County
- Chicago (0.07)
- Hoffman Estates (0.07)
- California > Los Angeles County
- Industry:
- Appliances & Durable Goods (1.00)
- Retail (1.00)
- Technology:
- Information Technology
- Artificial Intelligence (0.62)
- Communications > Networks (0.65)
- Information Technology