Lewis: Kmart Profit Lets CEO Do &#39;More With More&#39;
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Aylwin Lewis is smiling. He&#39;s the president and chief executive of Kmart Holding (nasdaq: KMRT - news - people ), which posted its fourth straight quarterly profit on Wednesday.
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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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Yum! Brands Inc. operations chief Aylwin Lewis has resigned from the Louisville restaurant company to become president and chief executive officer of discount retailer Kmart.
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Discount retailer Kmart Holding Corp. reported Monday that the company swung to a profit in the second quarter, but same-store sales were still in decline.
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A graduate of the University of Houston&#39;s master of business administration program has taken over the reins of Kmart Corp. as president and CEO.
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Credit investors found it difficult to muster much joy over Kmart Holding Corp.&#39;s (KMRT.O: Quote, Profile, Research) plan to buy Sears, Roebuck &amp; Co.
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US stocks rose on Wednesday lifted by a merger between retailers Kmart and Sears, better-than-expected earnings from Hewlett-Packard and data showing a slight rise in core inflation.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, reported a 12.7 percent rise in its third-quarter earnings, meeting Wall Street expectations.
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Eddie Lampert, engineer of the Kmart-Sears merger, is as secretive as he is successful. Even Aylwin Lewis, the executive hired by Lampert last month to run Kmart, had no idea that his new
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Yesterday&#39;s deal between Kmart Holding Corp. and Sears, Roebuck and Co. likely will mean more choices for consumers but fewer for area employees.
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The retailer's earnings improve a lot despite soft sales.
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Kmart Holding Corp. (KMRT.O) on Monday reported its third consecutive quarterly profit despite slumping sales as it cut jobs and reduced advertising and discounts, boosting its cash pile to &#36;2.6 billion.
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The world's biggest retailer, Wal-Mart, reports higher profits but says this year will be challenging.
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Kimberly-Clark Corp.  posted a  higher quarterly profit on Tuesday as savings from its  restructuring plan helped offset higher fiber costs, and raised  its full-year earnings forecast.
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DETROIT - For the last year and a half, industry observers have speculated about Kmart Holding Corp. chairman Edward Lampert&#39;s plans since the troubled retailer emerged from bankruptcy.
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Walt Disney Co. is expected to post  a higher quarterly profit on strong sales in its entertainment  business, but growth will slow as it absorbs charges from a  bold strategy launched by Chief Executive Bob Iger, analysts  say.
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TROY, Mich. -- Kmart says the final agreement with The Home Depot means it&#39;s selling 18 stores to the home-improvement chain for $271 million.