Starting Wednesday, Kohl's department stores in 10 locations across Los Angeles and Chicago will sell Amazon smart home products. The brick-and-mortar stores will also accept returns for Amazon online purchases.
Kohl's and Amazon have been working on this retail partnership since the spring. "I really do think it's an example of two companies that can leverage each other's strengths," said Michelle Gass, Kohl's chief merchandising and customer officer.
More than 70 Kohl's locations will eventually accept Amazon returns, which will be handled by Kohl's employees, but the kiosks selling Amazon products within the department stores will be operated by Amazon. Kohl's joins Sears and Best Buy as prominent retailers who have entered into some type of partnership with Amazon.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Although Kohl's rejected speculation that it may get purchased by Amazon, the retailer's stock rallied 7.7 percent from announcement of their partnership until the end of September. Some traders are reportedly wagering on a stock price increase resulting from the company's potential sale. Amazon recently purchased the grocery chain Whole Foods and now sells Amazon smart home products in the high-end supermarkets.
-
The week’s best photosIn Pictures A monstrous parade, a hungry tortoise, and more
-
The Week Unwrapped: Should we be eating less fat – or more?Podcast Plus who will benefit from the surprise Dutch election result? And how can art improve our health?
-
AI models may be developing a ‘survival drive’Under the radar Chatbots are refusing to shut down
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
