Sears to Sell Kenmore Brand on Amazon

[mahatmakanejeeves]

Source: The Wall Street Journal.

Sears to Sell Kenmore Brand on Amazon

The move could be a boon to sales amid dwindling foot traffic in stores

By Imani Moise and Suzanne Kapner

https://twitter.com/MoiseNoise

Updated July 20, 2017 9:46 a.m. ET

Sears Holdings Corp. will start selling its Kenmore line of refrigerators and stoves on Amazon.com Inc.s website, marking the first distribution of its kitchen appliances outside of its own stores. ... Searss shares jumped 12% to $9.75 premarket, offsetting a 6.6% slump so far this year.

The move could be a boon to sales as dwindling foot traffic in stores has led to years of sales declines. Sears has been facing increased competition in white goods to Best Buy, Home Depot and other retail chains.

Amazon will buy the Kenmore inventory, but it will reside in Searss warehouses. Innovel, a unit of Sears, will ship the goods to customers homes and provide installation services, said Sears spokesman Howard Riefs. ... This will give the Kenmore brand access to a new set of customers who arent necessarily shopping at Sears, said Dev Mukherjee, a former president of Sears home appliances, who now works at a private-equity firm.
....

The Kenmore name first appeared in 1913 on a sewing machine. The first Kenmore washing machine was introduced in 1927. The brand is currently produced by Whirlpool Corp. , GE , Electrolux and other manufacturers.

Write to Imani Moise at [e-mail] and Suzanne Kapner at [e-mail]

Read more: https://www.wsj.com/articles/sears-to-sell-kenmore-brand-on-amazon-1500556366?mod=e2tw

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Amazon delves deeper into large appliances with Kenmore deal

Link to tweet

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Guess who hates Amazon:

President Trump lambastes Washington Post, Amazon on Twitter
http://www.seattletimes.com/business/amazon/president-trump-lambasts-washington-post-amazon-on-twitter/

Originally published June 28, 2017 at 10:30 am Updated June 28, 2017 at 1:53 pm

By Ángel González
Seattle Times business reporter

Once again President Trump is using Twitter to lambaste Amazon.com CEO Jeff Bezos’ growing empire.

In a tweet Wednesday morning, the President referred to The Washington Post, which is owned by Bezos, as the #AmazonWashingtonPost, hashtag included. He also called the paper a purveyor of “fake news” and “the guardian of Amazon,” a company that he accused of “not paying internet taxes.”

Link to tweet

[forgotmylogin]

1. Trump is one to talk about not paying taxes.

He told us not paying taxes makes him smart.

[randr]

2. How ironic that Sears, a company that created home purchasing

through their famous catalogue is now "home marketing" through another on line "catalogue marketing outlet.

[Aristus]

3. "Hey gang! Let's sell our product on-line!"

Wow. Took their genius CEO 25 years to come up with that staggering innovation?

[BumRushDaShow]

6. They had been selling their stuff online

since their days of "Sears Brand Central". It's just that they were caught in the dilemma (along with all the other department stores) of having over-expanded over the decades, and they have spent the past 20 years paying the piper for that, and are now continually "downsizing".

They actually HAD the "model" for warehousing stuff for mail order in place but they closed many of those facilities down (notably here in Philly) before the tech took off. So by the time the technology was there, they couldn't take advantage due to not having the storage infrastructure (which is what Amazon has been continually building).

From 1994 (I still have my own recording of this too) -

https://www.phillyhistory.org/blog/index.php/2014/08/philadelphias-sears-tower/

[politicat]

7. They've also been run by a Libertarian Objectivist who has been burning it down.

Sears had the opportunity and the talent to establish themselves online back in the mid-late 90s. They downsized that department, and Amazon picked up most of that talent. Sears never appreciated their IT departments at all.

Sears has been bleeding from self-inflicted wounds for a long, long time.

[BumRushDaShow]

9. Yup. That summed it up perfectly.

Self-inflicted lost opportunities.

[Aristus]

11. Yeah, I still can't believe anyone hired that goon.

And I can't believe that incompetence pays so well. I practice clinical medicine. If I were incompetent, I'd soon be out of a job, not to mention party to some pretty nasty lawsuits.

[dembotoz]

12. bought my washer from sears online absurdly good deal

my washer died and i was online to get a general idea of the market.
tried the online chat thing and for giggles asked him for the best deal he had on a not top of the line washer.
he dug up a clearance unit sitting somewhere for like half price....wonderful washer, wonderful deal

[Bengus81]

10. And maybe another 40 years to let customers use THEIR CC not a Sears card....

Tried to buy a chain saw at my local Sear circa....1978. Wouldn't sell it to me because I had a MC or Visa but not a ohhhh....Sears card. Walked out,got a chain saw elsewhere and have never been back.

Now looky....Sears busted down to selling wares on Amazon.

[BumRushDaShow]

4. I grew up with Kenmore

Stove/oven (which had a dual top oven with a separate little rotisserie oven) & huge deep freezer. I even had my own Kenmore window air-conditioner about 10 years ago.

Only thing about Kenmore (at least back in the '60s & '70s) was that their parts were non-standard.

As post #2 indicated, they were the king of "mail order" (including houses and house kits).

[Hoyt]

5. I like the Amazon experience a little better than browsing the Sears catalog.

[bluedigger]

8. Having a new fridge delivered by drone should be exciting.

[mahatmakanejeeves]

13. An earlier attempt: