Sears Holdings (NYSE: SHLD) said Tuesday it's expanding its partnership with Amazon (NASDAQ: AMZN) across the U.S.
The department store chain last month announced it would be working with the e-commerce giant to install car tires, from any brand including its own DieHard, ordered on Amazon.com. The retailer has been using its Auto Centers, where customers can opt to have their tires shipped there and then installed by Sears' employees for a small fee.
This was initially available at 47 Sears Auto Centers. On Tuesday, Sears said it has added an additional 71 shops to the program, bringing the total to 118.
Sears is looking for ways to grow sales and get back to profitability, as traffic to both its Sears and Kmart stores has tanked in recent years. The company has liabilities mounting but also has found ways to refinance its debt of late and extend maturities. CEO Eddie Lampert, with his hedge fund vehicle ESL Investments, has played a key role in keeping Sears afloat.
Just earlier this month, Sears said it would be closing dozens more stores in the near future. It has shed hundreds of locations over the past few years. The company is also actively considering selling some of its assets to ESL, including the Kenmore brand.
Sears' stock has fallen more than 60% from a year ago. Those shares added nine cents, or 3.7%, to $2.50. Amazon shares took on $5.89 to $1,695.01
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