Sears Holdings Corp. said Thursday it will start selling its Kenmore appliances on Amazon, loosening its grip on one of its historic product lines and becoming the latest big American brand to capitulate to the online-retail giant. News of Amazon’s move into appliances, one of the categories it hasn’t deeply penetrated, rippled through the industry. Investors dumped shares of big appliance sellers that have been benefiting from...

Source: Wall Street Journal July 20, 2017 13:13 UTC