The partnership includes Amazon orders for the DieHard brand, which is owned by Sears. The shares were up 17.0 percent at $3.23 in afternoon trading. During the ordering process, there is an option to choose to have the tires shipped to the location and have them installed there. Soon, it will be available at more than 400 Sears Auto Centers, the company said.
Embattled retailer Sears announced on Wednesday that it was teaming up with e-commerce giant Amazon on a customer service venture to help service vehicles, which sent Sears shares surging approximately 20%. The service will be available across 47 Sears Auto Centers in cities such as Miami, Los Angeles and Dallas.
The move is the latest pragmatic concession by a large traditional retailer to the reality of Amazon's strength in retail now: last month Best Buy bby announced a deal to sell sell televisions that run on Amazon's new Fire TV operating system, while Kohl's kss has been testing handling returns for Amazon and selling its gadgets in its stores.
Investor's Business Daily has the details on Amazon's deal with Sears.
£46bn takeover offer recommended to Shire shareholders
Executives of the two companies have reached a broad agreement on the value of the acquisition through past negotiations. With about 30,000 staffers at Takeda and 22,000 at Shire , a 7% cut would cost the jobs of about 3,640 people.
The customer then has to choose three times in which the installation can be done.
"Kenmore is distributed nationwide on Amazon with in excess of 250 services and products and we are surpassing customer support degree expectations", Tom Park, president of Kenmore, Craftsman and DieHard makes in Sears Holdings, said in a statement.
Last December, Amazon began offering Sears' Die Hard products, and the new deal means it will also begin selling DieHard passenger tires. "We need to convert our vision into reality", Lampert said at the annual shareholders' meeting at Sears' headquarters in the Chicago suburb of Hoffman Estates. Free for 14 days - no credit card required!
Sears has been struggling to stay afloat for years, closing hundreds of stores as sales suffer in a challenging retail environment.