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On Wednesday morning, Sears Holdings Corp. (SHLD) announced that Sears Auto Centers would be teaming up with Amazon to offer consumers full-service tire installation and balancing. "The service will be rolling out to customers across the U.S. over the coming weeks," the company said in its press release.
"With this collaboration, Sears Auto will become the first nationwide auto service center to offer Amazon.com customers the convenient Ship-to-Store tire solution integrated into the Amazon.com checkout process, which is easy and convenient. Amazon customers simply select their tires, the Sears Auto location and their preferred date and time for the tire installation. Sears Auto Centers then contacts them to confirm their appointment," explained Sears.
The Sears 2018 annual meeting is taking place on Wednesday.
Sears stock soared 15% after the deal was announced.