Whirlpool’S Stock Falls Almost 7% As The Appliance Maker Says An Amazon-Sears Deal Is Not A Problem

Nameplates like Whirlpool, Kenmore, GE, Panasonic and Maytag are all popular in the home appliance space today.
Though Whirlpool makes products for other retailers, it also manufactures Kenmore appliances for Sears.
With Thursday’s declines, Whirlpool’s stock has fallen more than 7 percent over the past 12 months.
On a call with analysts and investors Thursday morning, the clear elephant in the room was quickly mentioned — Sears recently signing a deal to sell Kenmore appliances on Amazon.com.
Whirlpool’s stock was falling nearly 7 percent Thursday morning a day after the appliance manufacturer delivered earnings and sales for the second quarter that missed Street estimates.

Read more on: http://www.cnbc.com