Sears Shares Jump After Kenmore Brand Appliances Launch On Amazon

Kenmore breaks free of brick and mortar with Amazon deal

This is the broadest distribution of Kenmore products outside of Sears stores and related online sites, according to Sears. The company also announced the integration of the full line of Kenmore Smart appliances with Amazon Alexa.

"The launch of Kenmore products on Amazon.com, Inc".

Kenmore appliances will be available in Los Angeles beginning next week, Park said.

Sears Holdings and Amazon have added Alexa functionality to Kenmore's smart appliances.

"We continuously look for opportunities to enhance the reach of our iconic brands to more customers and create additional value from our assets", Sears CEO Eddie Lampert said in a statement.

The deal gives Sears a chance to restore its relevance while also affording Amazon a new offering in the market for appliances.

Alexa controls Amazon Echo, a speaker which lets the user call a cab, order pizza or shop on Amazon among other things.

RiverDogs OF Rutherford traded to the White Sox
Instead, after a surprising first half, the Yankees just went all-in on this season thanks to a blockbuster trade Tuesday night. Robertson and Kahnle provide experience and depth in the bullpen, especially over Clippard who has performed sub-par thus far.

9-year-old, jawan killed in Pak. firing
Another soldier, identified as Sepoy Jaspreet Singh, was killed in Pakistani shelling in Nowshera sector of Rajouri district. The district magistrate of Rajouri Dr Shahid Iqbal said the students belonged to a high school and a nearby primary school.

Some OnePlus 5 Owners Plagued By Rebooting Bug When Dialing 911
It turned out OnePlus recycled the OnePlus 3T's display and reversed it, which is why the issue isn't considered a problem. The most severe issue to date concerns the display , which has a "natural" jelly effect when scrolling.

Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa. Now, the iconic retailer has made a decision to partner with the online giant.

Sears, which is the No. 3 majap retailer in the USA, according to TWICE's 2017 report, has spent the past year exploring alternatives for its private Kenmore, Craftsman and DieHard brands.

Amazon, meanwhile, was No. 14 on the TWICE ranking, with $228 million in major appliance sales in 2016.

"These are people over 50 who live in the suburbs - a demographic Amazon has never done well with", said Lee Peterson, executive vice president of brand, strategy and design for WD Partners.

The announcement before the opening bell Thursday sent shares of Sears soaring more than 19 percent in morning trade.

Sears has not turned a profit since 2010, and previous year it reported losses of $2.2 billion.

Shares of Sears Holdings, based in Hoffman Estates, Illinois, just outside of Chicago, jumped more than $1, nearing $10 per share, in premarket trading. The retailer's stock was up about 13 percent as of 11 a.m.

Related news:

Hot News

isis-killer-beheading-video-story-top Sunset bill passes Texas Senate during special session
Jul 21, 2017 - 01:02
Senate Bill 6 would require public high school students to use restrooms that match the gender on their birth certificates. The House should find common ground with the Senate on some key upcoming issues in coming weeks, but won't move as fast.

isis-killer-beheading-video-story-top What you need to know about OJ Simpson parole hearing
Jul 21, 2017 - 01:02
The former star running back was arrested when one of the most notorious vehicle chases ever was televised around the world. A parole board hearing in the USA state of Nevada is due to decide whether OJ Simpson should be released from prison.

isis-killer-beheading-video-story-top Exxon fined $2M for Tillerson-era breach of Russian Federation sanctions
Jul 21, 2017 - 00:58
Tillerson, who has deep ties to Russian Federation and received an Order of Friendship from Moscow, left the firm to become U.S. Rosneft itself is subject to narrower US sanctions that still allow Americans to deal with the company on some transactions.

isis-killer-beheading-video-story-top US Finally Ends Laptop Ban Due To 'Enhanced Security Measures In Place'
Jul 21, 2017 - 00:55
They affect about 2,000 commercial flights arriving daily in the United States from 280 airports in 105 countries. This means that the restriction has now been lifted from all 10 airports that had been affected by it.

isis-killer-beheading-video-story-top Pakistani Government, Opposition Expect Court Verdict on PM Sharif
Jul 21, 2017 - 00:54
Meanwhile, Justice Sheikh observed that it has been confirmed that Maryam Nawaz is the beneficial owner of London flats. Raja responded that it was possible a mistake was committed in this regard.

isis-killer-beheading-video-story-top United Nations official calls for de-escalation in tension over Al-Aqsa Mosque
Jul 21, 2017 - 00:53
The Israeli authorities later made a decision to close down Al Aqsa Mosque , causing Muslims unable to perform Friday prayers. Abbas said the moves are violating global legitimacy, according to the official Palestinian News Agency (WAFA).

isis-killer-beheading-video-story-top Turkey slams German statements on arrested rights activist
Jul 21, 2017 - 00:50
Nine are now in jail, including human rights activist Peter Steudtner and journalists Deniz Yucel and Mesale Tolu. It said the main reason behind the crisis was the "double standards" in Germany's stance on Turkey .

isis-killer-beheading-video-story-top California town evacuated as wildfire spreads
Jul 20, 2017 - 01:00
Mariposa's 2,000 residents were told to leave town on Tuesday after its power and water links were damaged. Less than 12 hours prior, Cal Fire was reporting the blaze was at 25,000 acres and 5 percent contained.

isis-killer-beheading-video-story-top Gardner worries about confidence in U.S. elections
Jul 20, 2017 - 01:00
They've done a poor job of it, and it's clear that more interstate coordination is needed. Today marks the first meeting of President Trump's Election Integrity Commission.

isis-killer-beheading-video-story-top Bristol hosts ICC World Cup semi-final
Jul 20, 2017 - 01:00
South Africa were already 20-30 runs short, what made matters worse for them is the number of extras they conceded. Luus and Preez took South Africa to 218 for 6 in their 50 overs after they lost six wickets for 170.

isis-killer-beheading-video-story-top Mercedes-Benz X-Class ute officially unveiled
Jul 20, 2017 - 01:00
Mercedes has apparently already taken several hundred reservations for the pick-up, despite no official confirmation on pricing. Mercedes-Benz finally unveiled the production version of the all-new X-Class bakkie ( pickup ) to the world.

isis-killer-beheading-video-story-top Beaufort Securities Reaffirms Buy Rating for ASOS plc (LON:ASC)
Jul 20, 2017 - 00:59
After $1.13 actual EPS reported by EVRAZ plc for the previous quarter, Wall Street now forecasts -21.24% negative EPS growth. In other news, insider David Lockhart sold 12,000 shares of the firm's stock in a transaction on Friday, July 7th.

isis-killer-beheading-video-story-top Nintendo Switch's online app is available for your phone now
Jul 20, 2017 - 00:59
It's also a useful introduction to the controls of the game, which have retained the motion controls from the original. Nintendo announced previously that the company's online app would launch on July 21, the release date for Splatoon 2 .

isis-killer-beheading-video-story-top S&P 500, Nasdaq Hit Records; Dow Falls On Banks, ACA Repeal Failure
Jul 19, 2017 - 01:01
Expectations of solidly higher earnings , along with fairly low interest rates, have propelled stocks to multiple records in 2017. Stocks were mixed as investors awaited second-quarter earnings results which companies begin reporting this week.

isis-killer-beheading-video-story-top Venkaiah Naidu declared as NDA's candidate for Vice President's post
Jul 19, 2017 - 00:42
If elected vice president , Naidu will also be the ex officio chairman of the Rajya Sabha where the BJP still lacks a majority. The then Prime Minister agreed to it, though it was not included in the AP Reorganisation Act-2014.