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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Kmart Holding Corp. has named a restaurant and branding expert as its new president and chief executive officer. The Troy retailer announced this morning that Aylwin Lewis would join the discount retailer from YUM!
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Attention, Kmart shoppers: For a limited time you can bask in the company&#39;s new-found solvency. This may not last long, so enjoy it while you can.
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Kmart Holding Corp. will sell 18 stores to Atlanta-based The Home Depot Inc. for $271 million. Home Depot had previously agreed to buy up to 24 Kmart (Nasdaq: KMRT) stores for a price of up to $365 million.
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US department store operator Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) and discount retailer Kmart Holding Corp. (KMRT.
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Is merger mania taking over the retailing industry? After several sleepy years on the acquisition front, merger activity picked up dramatically this year, capped by 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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Sears Holdings Corp.  reported higher fourth-quarter profit on Thursday, helped by property sales and higher operating income at its Sears and Kmart divisions.
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Discount retailer Kmart Holding Corp. reported a third-quarter profit Wednesday, reversing a year-earlier loss, as asset sales and cost containment helped offset a further decline in sales.
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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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Kmart Holding Corp.  on Monday said it appointed Aylwin Lewis president and chief executive officer, effective immediately.
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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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Shares of Kmart Holding Corp. surged 17 percent Monday after the discount retailer reported a profit for the second quarter and said chairman and majority owner Edward Lampert is now free to invest the company's &#36;2.6 billion in surplus cash.
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U.S. stocks rose on Wednesday as  retailers Kmart Holding Corp. KMRT.O and Sears, Roebuck & Co.  S.N announced an $11.5 billion deal, while computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings.
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In the early 1980s, Sears and Kmart were American retail giants, with gobs of money, huge portfolios of real estate and loyal customer bases that should have made them fast-growing fulfillers of Americans&#39; insatiable demand for more stuff.
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Wal-Mart Stores Inc. said a surge in after-Christmas shopping spurred December same-store sales gains of about 3 percent, at the high end of its forecast. Kmart Holding Corp. said profit rose 10 percent during the holiday season after it limited deep discounts.
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Kmart Holding Corp. may have found its best &quot;Blue Light Special&quot; ever: retailing rival Sears Roebuck &amp; Co. Still, many experts questioned whether the $11 billion buyout would keep the blue lights flashing