Sears stock is skyrocketing on news of a new Amazon partnership

People entering Sears store Yorkdale Shopping Centre Toronto Canada Northern AmericaVARIOUS

As part of the deal, Sears said its DieHard brand of tires are available on Amazon for the first time. Shares of Sears were trading around $3.23 on Wednesday.

Sears is strengthening its relationship with Amazon. During the ordering process, there is an option to choose to have the tires shipped to the location and have them installed there.

"Amazon.com customers can expect terrific performance and reliability from DieHard tires and professional installation from Sears Auto Centers". Sears will then get in contact with the customer to confirm the appointment.

With any other appointment, there will be a "conventional installment price" paid to Sears that covers installation, balancing, under hood/under vehicle evaluation, a road safety evaluation and also other precautionary techniques, " the spokesman claimed. Last year, Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances.

Sears Holdings Corp. has deepened its ties with Amazon.com Inc. and will use the e-commerce giant's platform to sell some of its DieHard tires and connect with customers seeking tire-installation services. Shares of this department store chain experienced surged significantly more than twenty five percentage over the news.

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The two companies have bigger plans for the future as they plan on adding the service to hundreds of other Sears Auto Centers across the US.

Under the new partnership with Amazon, which Lampert said is "small but growing", Sears will expand its DieHard products available on Amazon to include DieHard tires. Free for 14 days - no credit card required!

Sears Holdings stocks are nearly 70 per cent in a calendar year back.

In an site post Wednesday, prior to Sears' investors meeting, Lampert stated: "We're still not where we will need certainly to be, and Sears has been face critical challenges in a tough retail environment".

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