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Sears Stock Rockets As Amazon Alliance Expands To Full-Service Tire Installation

10 May 2018, 02:08 | Melanie Burgess

Sears stock is skyrocketing on news of a new Amazon partnership

Sears pops after getting cozier with Amazon

Here's how it works: Amazon customers select their tires, the Sears Auto location and their preferred date and time for the tire installation.

Information of this venture delivered Sears' inventory soaring up to 22 per cent in ancient trading. The program will begin at 47 locations, but Sears says it has plans to roll it out to every Auto Center around the country.

Sears Holdings Corp's new deal will have it handling tire installation and balancing for Amazon customers.

The chosen Sears automobile Center will then meet with the customer's schedule preferences with its appointment openings.

The retailer branded the initiative as an expansion of its relationship with Amazon.

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Investor's Business Daily has the details on Amazon's deal with Sears.

The partnership with Amazon.com - which allows customers who buy tires online to ship them to a Sears Auto Center to be installed - is a first for a bricks-and-mortar retailer, Sears said.

In December, Sears added DieHard products like jump starters and battery charges to the list of products available on Amazon. Last year, Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances.

The spokesman said that there will be a standard installation fee paid to Sears. "We're thrilled to expand our assortment of this iconic brand to include passenger tires on Amazon.com". Free for 14 days - no credit card required! Sears CEO and top shareholder Eddie Lampert conceded in a blog coinciding with the company's annual shareholder meetings on Wednesday that, "We're still not where we need to be, and Sears continues to face significant challenges in a tough retail environment". Last year, combined comparable sales at its Kmart and Sears chains fell 13.5% despite the closing of dozens of its weakest stores.

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