Hey everyone, and welcome to this week’s installment of TraQing News! We’ve rounded up some content for you as you wind down your work week. From brands and retailers being bought and sold to Amazon upping the ante on package delivery, here are some of our favorite articles from this week:
It’s a deal: True Value agrees to a sale | Ken Clark: Late last week, True Value’s board of directors voted in favor of selling the co-op to ACON investments. Somewhat surprisingly, the vote succeeded by a wide margin- some had predicted that it would be a close decision. With ACON’s purchase, True Value will be a wholesale distributor rather than a co-op.
Lampert Offers To Take Kenmore, Stores & Service Units Off Sears’ Hands | Alan Wolf: While Sears brands like Craftsman have already been sold off, the Kenmore brand has been on the market for quite awhile- two years, in fact. However, Sears’ CEO Eddie Lampert is now offering to buy the brand, along with real estate and other services, through his hedge fund, ESL.
Amazon will now deliver packages to the trunk of your car | Andrew J. Hawkins: It’s been a busy week for Amazon! Besides offering security system service packages and raising annual prices for Prime memberships, the company is now testing deliveries to individual cars. This would certainly be a novel way to thwart having packages stolen off of porches!
If articles like these have whetted your appetite for more consumer durables industry news, follow @TraQline on Twitter and The Stevenson Company on LinkedIn! See an article you think we should feature in our weekly roundup? Let us know by tweeting us and tag it with #TraQingNews.