Sears to Sell Smart Appliances on Amazon

Morgan Stanley shines on Wall Street

Morgan Stanley shines on Wall Street

"The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the U.S". Officially, these products should only be available through Sears-branded stores and Kmart, and the Amazon partnership marks the first time that Sears will sell its appliances through another retailer.

"The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the United States", said Sears chief executive Edward Lampert said in a news release. However, the goal is to expand that to every home appliance in the company's line-up. The Kenmore Smart air conditioner are available up to a capacity of 18,000 BTU.

Amazon's Alexa assistant is now able to control an even wider range of home appliances. The products will also be compatible with Amazon's Alexa platform, Sears said.

Sears shares jumped almost 20% after the news, marking perhaps a glimmer of hope for the one-time appliance giant.

'Spider-Man: Homecoming' Becomes This Year's Most Viewed Foreign Film in S
Tom Holland is no doubt basking in the glory of Spider-Man: Homecoming's success, and he totally should. A surprising breakout role was Jacob Balaton as Peter's best friend and right hand man Ned.

Sears and Amazon finally strike a deal. The chain has considering selling additional lines, including its DieHard auto batteries and Kenmore appliances businesses, and is unloading its vast real estate holdings.

Today's announcement gave Sears shares a big bump, a welcome improvement for the home goods retailers, which has been struggling for years. The S&P 500 index is up almost 14% for the previous year.

Syncing Kenmore gadgets with Alexa, which will allow users to control the gadgets with voice commands, could add to the brand's appeal.

It is perhaps ambitious to suggest Kenmore may once again reach this lofty height, but, in a release, chief executive Edward Lampert said, "We continuously look for opportunities to enhance the reach of our iconic brands to more customers and create additional value from our assets".

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