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Sears Clear on Why It's Selling Rolex: It's Taking on Amazon, eBay

SAN DIEGO ( TheStreet) -- Wearing a $35,000 Rolex can certainly help spruce up one's image.

But what about selling such an expensive watch? How far does that go toward image improvement?

The seller in question is Sears (SHLD - Get Report), a retail giant most Americans have long associated with value shopping and items such as washers and dryers, refrigerators and tools.

The selling of luxury items, however, including Rolex watches, Stella McCartney clothing, Jimmy Choo shoes and Chanel handbags has garnered the company a lot of press in recent weeks.

The items are being sold by third-party vendors on a part of the Sears website known as the Marketplace. Their appearance among the more than 85 million items Sears sells online has many journalists and retail analysts wondering if Sears is trying to upgrade its blue-collar image -- or even positioning itself to take on two other e-commerce giants -- Amazon (AMZN - Get Report) and eBay (EBAY - Get Report).

A Sears representative says the company has been selling various ultra-expensive items on its website for quite some time.

"We are adding items at an incredible rate. Last year we had 70 million items. This year it's more than 85 million, and that number will continue to grow across all product categories," Sears spokesman Brian Hanover says.

"Sears traditionally is maybe not known for those brands, but if you look at Sears' history, we've long been a destination where you have aspirational products and very accessible products as well," Hanover says, pointing out that Sears used to sell houses in its catalogs back in the day.

The luxury items will not be sold in the company's bricks-and-mortar stores at any point, Hanover says, declining to reveal sales figures for the more expensive items or comment on how well they are selling. He was more forthcoming on whether Sears is trying to challenge Amazon and eBay with its ever-expanding online offerings:

"We are. When it comes to having a comprehensive marketplace, we're focused on becoming world's greatest integrated retailer," Hanover says.
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