While you were sleeping: Sears teams up with Amazon

Thu, 20 Jul 2017

By Margreet Dietz July 21 (BusinessDesk) - Wall Street was mixed as a rally in shares of Sears following its deal with Amazon offset slides in other retailers including Home Depot, Lowe’s and Best Buy. Shares of Sears jumped, up 10.6 percent as of 3.45pm in New York, after the embattled retailer said it agreed to start selling its Kenmore products on Amazon.com. "The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the US,” Edward Lampert, chief executive off...

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