Amazon’s Kenmore deal puts appliances on path of inkjet printers


  • TECH Premium
  • Monday, 24 Jul 2017

SCHAUMBURG, IL - JULY 20: Kenmore appliances are offered for sale at a Sears retail store on July 20, 2017 in Schaumburg, Illinois. Sears announced today that it had agreed to sell Kenmore appliances on Amazon.com. The news sent Sears' stock price climbing and triggered heavy selling of stock in other appliance retailers including, Home Depot, Best Buy and Lowes. Scott Olson/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

The new partnership between Amazon.com Inc and Sears Holdings Corp presages more than a convenient way to buy refrigerators and washing machines. It also paves the way to a future where consumers can make fast, automatic purchases of groceries like milk and laundry detergent through Internet-connected appliances, forgoing trips to the supermarket. 

For now, the alliance is primarily focused on distribution: giving the beleaguered Sears a much-needed sales outlet for its Kenmore appliance brand as it shutters stores around the country. Amazon gains a partner to take on such competitors as Home Depot Inc, Lowe’s Cos and Best Buy Co, leaders in showcasing appliances in physical outlets. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

'Enormously risky': How NFTs lost their lustre Premium
Zoom bets on hybrid work to raise full-year profit forecast Premium
Workers at 'Call of Duty' creator Activision Blizzard vote to join union Premium
Tesla investor Streur says carmaker still believes in ESG Premium
U.S. appeals court rejects most of Florida social media law Premium
Videogame publisher Activision illegally threatened staff, U.S. agency says Premium
T-Mobile launches 5G products to compete with Verizon, AT&T for business clients Premium
Exclusive-Toshiba to propose Elliott, Farallon executives join its board, sources says Premium
Denmark hits streaming services with levy to support local TV Premium
Facebook-owner Meta to share more political ad targeting data Premium

Others Also Read