Sears deal with Amazon to sell Alexa-enabled appliances causes 19% jump

Sears deal with Amazon to sell Alexa-enabled appliances causes 19% jump

The company said Thursday that it's struck a deal to sell its Kenmore appliance line on Amazon.

Sears says that the Kenmore products will allow customers to control their appliances, such as changing the temperature on an air conditioner without leaving the sofa.

Amazon's Alexa assistant is now able to control an even wider range of home appliances.

Sears (NASDAQ:SHLD) +13.4% premarket after announcing it has launched Kenmore products on Amazon.com, including the full line of Kenmore Smart appliances with Amazon Alexa.

More news: A great actor who grew into his gravitas: Martin Landau remembered

Would you buy a Kenmore air conditioner, refrigerator, or dishwasher if you didn't have to go to a Sears store, leave your house, or register for a Sears.com account?

Owners of connected Kenmore products can say commands like "Alexa, tell Kenmore Smart to set my air conditioner to 70 degrees" to make adjustments without having to walk over and do it the old fashioned way: with buttons. The distribution on Amazon.com is planned to be expanded to the full line of Kenmore home appliances in all US market segments, with Kenmore, Sears Home Services, and Innovel Solutions providing white-glove service for delivery, installation and extended product protection for a full range of home appliances. However, the goal is to expand that to every home appliance in the company's line-up.

Shares of Sears' stock were climbing more than 8 percent in early trading following this news. In its last quarter, Sears notched its first profit since 2015, reporting net income of $244 million on revenue of $4.3 billion, compared with a loss of $471 million on sales of $5.4 billion in the year-ago quarter.

"We continuously look for opportunities to enhance the reach of our iconic brands to more customers and create additional value from our assets", Sears Holdings Chairman and CEO Edward S. Lampert said in a statement.

Related Articles

  • LEADING OFF: Kershaw, Dodgers roll, Colon makes Twins debut

    LEADING OFF: Kershaw, Dodgers roll, Colon makes Twins debut

    Once the heart of the order came up a second time, though, balls were being hit a lot harder. "I feel good. Colon has 235 career victories in the major leagues.
    Is Jagga Jasoos Ranbir-Katrina's last film together?

    Is Jagga Jasoos Ranbir-Katrina's last film together?

    The film also stares Saswata Chatterjee, Saurabh Shukla, Sayani Gupta, Kiran Srinivas, Adah Sharma and Denzil Smith. Looks like there is some light at the end of the tunnel for Ranbir Kapoor and Katrina Kaif's Jagga Jasoos .
    Attorney says client killed 4 Pennsylvania men

    Attorney says client killed 4 Pennsylvania men

    DiNardo was arrested on Monday on a gun charged unrelated to the case that dated back to February and had previously been dropped. Authorities said the title had not been signed, indicating Meo had not transferred the title to anyone or authorized its sale.
  • Explaining Kyle Larson's qualifying penalty

    Explaining Kyle Larson's qualifying penalty

    Johnson, the seven-time Cup champion, will start in the top five for the first time this season. "I don't know. Larson turned a lap of 133.324 miles per hour take a pole for the fourth time this season.
    'Your mediation not required on Kashmir': India makes it clear to China

    'Your mediation not required on Kashmir': India makes it clear to China

    The Opposition has also upped the ante on several other issues, including the terror strike on Amarnath pilgrims on Monday.
    Live Crew Founding Member Fresh Kid Ice Dies at 53

    Live Crew Founding Member Fresh Kid Ice Dies at 53

    However, he retaught himself how to talk and walk before reuniting with Uncle Luke and Brother Marquis in 2012. On Instagram, the rap artist also shared an image of Fresh Kid smiling with the same mournful caption.
  • Shraddha Kapoor : I can never get bored of romantic films!

    Shraddha Kapoor : I can never get bored of romantic films!

    She will be portraying Haseena Parkar , the infamous sister of Mumbai's gangster Dawood Ibrahim, in the film " Haseena Parkar ". Director Apoorva Lakhia, during interaction revealed that actress Sonakshi Sinha was the first choice for the film.
    Riots In Jerusalem Over Security Checks Prompted By Terrorist Attack

    Riots In Jerusalem Over Security Checks Prompted By Terrorist Attack

    Palestinians subsequently rioted in Jerusalem, clashing with Israeli security forces near the Old City's Lion's Gate entrance. The Dome of the Rock Mosque in the Al Aqsa Mosque compound is seen in Jerusalem's Old City Saturday, July 15, 2017.
    IEA less confident on crude rebalancing as OPEC supply rises

    IEA less confident on crude rebalancing as OPEC supply rises

    Member states Libya and Nigeria are not participating in the deal so they can steer oil revenue toward national security efforts. West Texas Intermediate (WTI) crude futures were at $45.37 per barrel, down 12 cents, or 0.3 percent.
  • Karnataka arranges a panel to design its own state flag

    Karnataka arranges a panel to design its own state flag

    Yellow represents turmeric and red represents kumkum which symbolise auspiciousness and well-being of the state. Meanwhile, Constitution expert PP Rao said Karnataka was well within its rights to have a flag of its own.
    US police shoot woman after she reports suspected sex assault

    US police shoot woman after she reports suspected sex assault

    Damond was an Australian native and had already begun using her fiance's surname. "We have few facts at this point", she said . Speaking about his fiancee's death, Don Dammond said, "She touched so many people with her loving and generous heart".
    Woman killed outside Church queuing to vote in Venezuela

    Woman killed outside Church queuing to vote in Venezuela

    A dry run of that election was also held Sunday, to detract from the opposition vote which the government branded "illegal". The MUD sees establishment of the ANC, which will rewrite the Constitution, as a power grab by President Nicolas Maduro .