Kmart purchase highlights struggle for once-huge Sears
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Sears, Roebuck and Co. was once on top of the world, reveling in the popularity of its &quot;big book&quot; catalog from company headquarters in the world&#39;s tallest building.
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Two of the biggest names in the retail world are becoming one. In an announcement Wednesday, Kmart and Sears, Roebuck &amp; Co. have agreed to merge in a deal totalling $11 billion.
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The planned acquisition of Sears, Roebuck and Co. by Kmart Holding Corp. highlights a changing retail environment that could soon eliminate the department store as we know it, analysts and consultants said on Friday.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a surprise $11 billion deal that creates the  third-largest U.S. retailer, the companies said on Wednesday.
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Two days after a pair of the country&#39;s oldest, largest retail companies announced they would join forces, managers at the Bay Area&#39;s Sears and Kmart outlets were guarded in their
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The Nov. 17 announcement that Kmart would be attempting to acquire Sears stores in a $11 billion deal sent shockwaves throughout the financial world.
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Lands&#39; End and Kmart? There&#39;s just no match, a UW- Madison professor said Wednesday, reacting to the announcement that Kmart plans to buy Sears, parent company of Lands&#39; End, for $11 billion.
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Sears, Roebuck and Co. and Kmart Holding Corporation announced an agreement to merge into a new retail giant named Sears Holdings Corporation by March 2005, in a deal worth some 11 billion dollars (8.4 billion euros).
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Kmart Holding Corp. posted its fourth straight quarterly profit on Wednesday as the discount retailer and Sears, Roebuck and Co. announced an &#36;11 billion merger.
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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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Retailer Sears, Roebuck &amp; Co. on Wednesday said it completed the planned acquisition of 50 stores from Kmart Holding Corp., agreeing to pay $575.
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The sudden merger of Sears and Kmart in an $11 billion deal will create a merchandising behemoth that might hold its own against Wal-Mart and Target.
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Kmart and Sears announced an $11 billion merger that will make it the third largest retailer in the country. Exactly how the merger might affect the two Tullahoma outlets is still uncertain.
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Two battered icons of the American shopping landscape, Kmart and Sears, yesterday announced an $11 billion merger that will create the nation&#39;s third largest retailer, with 3,500 stores.
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Ask Houston shoppers about Sears stores and they&#39;re likely to mention their loyalty to Craftsman tools or the smell of old-fashioned popcorn machines, but the takeover announced Wednesday could change things.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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TROY, MI-Kmart and Sears have closed a deal in which Kmart will sell 50 stores to Sears for $575.9 million. Troy-based Kmart Holding Corp.