Thread regarding Sears layoffs

Forbes: With Kenmore Deal Amazon Is A Winner. For Sears, Not So Much.

https://www.forbes.com/sites/stevendennis/2017/07/22/with-kenmore-deal-amazon-is-a-winner-for-sears-not-so-much/#2323b567458e

"Investors reacted quite favorably to the news that Kenmore appliances will soon be sold through Amazon. For Amazon, it's clearly an interesting opportunity. While online sales of major appliances are currently comparatively small, being able to offer a leading brand on a semi-exclusive basis gives Amazon a jump start in a large category where they have virtually no presence. On the other hand, for Sears, it smacks of desperation."

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Post ID: @OP+Op89ACs

4 replies (most recent on top)

@wnf Thats the thing this deal benefits Amazon more than anything. Sears doesnt win much out of this deal. This what it means Sears still needs to ship the products, still needs to manage the issues and all Amazon does is get the commission. This could be a bigger play to see if Amazon wants to buy Kenmore, but whoever thinks this is good for the company is delusional.

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Post ID: @1cms+Op89ACs

Agree with -mbe. I think it shows that the brand was shopped but no one was willing to pay any significant dollars for it, at least compared to what they got for Craftsman so might be a last ditch attempt to drum up sales and hope that Amazon buys it. Given people who shop at Amazon are generally from the younger generation, have less brand loyalty, and are more influenced by user reviews, I doubt this will be successful.

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Post ID: @mvb+Op89ACs

Kenmore and Diehard are both up for sale so, it would seem that this move by Eddie is merely a ploy to make the brand more appealing to a potential buyer. It has nothing to do with making Sears more profitable. It will only enrich his pockets and help to liquidate, on his terms , before the bankruptcy filing, the last remaining pieces of the pie.

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Post ID: @mbe+Op89ACs

I don't think people realize how bad this is for Sears. Every retail is competing against Amazon and instead Sears gives in to Amazon with a brand they have been looking to unload. At this point I would like to know why anyone would set foot in a Sears store. And before people say because customers like to touch and feel what they are buying please wake up and realize that in 2017 that is no longer the case. Don't believe it? Why is Amazon the leading retailer without having brick and mortar stores?

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Post ID: @wnf+Op89ACs

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