Only about 2% of large appliance sales are completed online, according to research firm NPD’s Checkout E Commerce data, far below the penetration of other items like clothing or electronics. A year ago Sears reached a deal with Amazon to sell Kenmore on its site for the first time, but it did little to boost sales.Experts say the more serious competitive problem for Kenmore was the rise of big box rivals, such as Home Depot (HD), Lowe’s (LOW) and Best Buy (BBY). The growth of LG, Samsung and other Asian brands hurt Kenmore too.When Sears started to lose market share, it responded by cutting costs, cutting back on research and development and marketing support that the Kenmore brand needed to be competitive.”They really trimmed the budget and hoped Kenmore could hold the ground on its own,” said Maharaj.
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