Sears Stops Selling Whirlpool Products, Ending Century-old Ties

(RTTNews) - Sears Holdings Corp. (SHLD) said that, After a century-long history together, it will stop selling Whirlpool Corp. products after the companies couldn't agree on pricing terms.

The retailer noted that it will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air effective immediately.

"Whirlpool has sought to use its dominant position in the marketplace to make demands that would have prohibited us from offering Whirlpool products to our members at a reasonable price," Sears said in the memo. The department-store chain will continue to sell Whirlpool products only until all its current inventory is depleted.

Whirlpool informed Sears in May of its decision to stop providing products, Chief Executive Officer Marc Bitzer said Tuesday on an earnings conference call.

Whirlpool will continue to supply about 10 branded products to the retailer, Bitzer said.