AKRON (Nov. 7, 2014) — Goodyear has sued Sears, Roebuck & Co. and two Sears subsidiaries in Akron federal district court, alleging breach of contract in the matter of nearly 220,000 co-branded tires Goodyear made for sale in Sears stores.
According to Goodyear's complaint— filed Oct. 27 against Sears, Roebuck; Sears Holdings Corp; and Sears Holdings Management Corp. — the tire maker and Sears signed an agreement in 2009 for Goodyear to manufacture co-branded tires to be sold exclusively by Sears.
The tire maker seeks damages equal to the agreed-upon price of the co-branded tires. Goodyear estimates these damages at more than $18.9 million.