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Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room. Perhaps that's the best that can be said about the deal by Sears Holdings to sell Die Hard batteries on
Like its previous agreement to sell Kenmore appliances on the e-commerce site, this latest move is a welcome effort to expand the availability of the failing retailer's most popular wares beyond its own stores, but it's not really going to help.
Sears may be finally getting into that market in a big way by joining with Amazon, but selling appliances and batteries online will only serve to further cannibalize sales from Sears stores.
And comparable-store sales are already in free fall at Sears and Kmart.
Their separate paths may yield different outcomes in 2018.
The company sold off its prized Craftsman tool brand to Stanley Black & Decker to raise cash and engineered several debt maneuvers to tie additional assets to its loans, which eventually could lead to secured creditors collecting key Sears property in a bankruptcy.By the time Lampert allowed Kenmore to be sold in other outlets, the brand's market share had dwindled from over 40% to less than 13%, while appliances from Samsung, LG, and Whirlpool have all surpassed it.Die Hard has fallen as well, and though the decline is not as dramatic, from 7.5% down to 5%, its market influence is significantly less.In our library you will find industry experts such as Tom Hudson & Ken Shilson as well as top industry news publications like Auto Remarketing, Used Car News, Sub Prime Auto Finance and Spot Delivery.You will also receive access to website links relating to all aspects of the Buy Here, Pay Here industry.