Sears decision to move away from Whirlpool backfires

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

A decision by Sears Holdings (SHLD) to shift more appliance products away from Whirlpool (WHR) to feature LG Electronics and Samsung items has had a negative impact on sales and store traffic, according to the WSJ.

The department store chain once held a dominant lead over Home Depot and Lowe's for appliance sales, but that lead has crumbled in the last few years. Electronics stores such as Best Buy and Conn's have also chipped away at Sears' market share.