Sears Holdings’ DieHard brand announces launch of DieHard products on Amazon.com
An assortment of DieHard jump starters, battery chargers and maintainers are available for purchase at www.amazon.com/diehard. Passenger car tires and automotive batteries will be added to Amazon.com in early 2018.
For Sears, closing stores can be a path to profitability and beefing up their online presence. Sears has made a deal with Amazon to start selling its Kenmore-branded appliances online that are compatible with Amazon’s Alexa.
For the fiscal year ended November 30, 2016, In FAIRHOLME FUNDS, INC For the Fiscal Year Ended November 30, 2016 it states “The Income Fund investments that were the biggest contributors to positive performance were Chesapeake, Fannie, Freddie, Seritage, Imperial Metals Corp. (“Imperial”), and Atwood Oceanics, Inc. There were no negative performers that significantly impacted.
For the annual report for 2017 from FAIRHOLME FUNDS, INC PORTFOLIO MANAGER’S REPORT For the Six Months Ended June 30, 2017 “Sears, et al. From the ashes of failed retailers often come great real estate companies. Malls and shopping centers are not in permanent decline. Sears spin-off, Seritage Growth Properties, has re-tenanted over three million square feet at more than three times old rents since 2015, and demand continues to grow. Investors may disagree on the exact path forward for Sears, but the company owns many valuable assets and there is huge value in optimizing all of them.”
The news that Amazon is now offering Kenmore appliances with Sears’ white-glove delivery, warranty, and installation services greatly improves the competitive landscape for both. In addition, “Shop Your Way” already has millions of members enjoying a simple, easy, and personalized shopping experience. If you want to learn more about the Shop Your Way program, visit the following link: www.shopyourway.com/fairholme/ getmore.”
You can view portfolios managers’ report here: http://www.fairholmefundsinc.com/Reports/Funds2017SemiAnnual.pdf
Even though the fund this years has some losses on Sears, Seritage Growth Properties, a real estate company that’s redeveloping former Sears locations shines.
A Path To Profitability
For Sears, closing stores can be a path to profitability and beefing up their online presence. Sears has made a deal with Amazon to start selling its Kenmore-branded appliances online that are compatible with Amazon’s Alexa. Sears also made a another deal with Amazon selling its Die Hard Batteries and tires, further expanding its exposure to the millennial customer’s in which Amazon has a lot of sales traffic from.