Kmart Delivers, Bad News for Bears
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When will the bears admit that Kmart (KMRT:Nasdaq - commentary - research) is for real? When will they say, &quot;You know, the people who used to run Kmart were idiots and things are now better&quot;?
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.
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There's yet more ugly news from this classic retailer.
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The parent company of the Sweetwater Kmart, Kmart Holding Corp., announced on Wednesday that they are acquiring department store chain Sears, Roebuck and Co.
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Wall Street analysts were sent reeling by the surprise $11 billion (Â£6bn) merger of retailers Sears Roebuck and Kmart. The deal, which was unanimously approved by both companies
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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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The retailer misses its mark and lowers guidance.
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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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AMES, Iowa, Nov. 18 (AScribe Newswire) -- Iowa State University experts can provide perspective on the Nov. 17 announcement that Kmart Holdings Corp.
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The retailer's first quarter might make pessimists wonder if they were wrong.
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Kmart Holding Corp. KMRT.O, the  discount chain pulled from bankruptcy by hedge fund operator  Edward Lampert, will buy Sears, Roebuck & Co. S.N for $10.85  billion in a bold play to revive two of America's best-known,  but long-struggling, retail brands.
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Some stores could close, but popular merchandise could be more widely available in Arizona after Wednesday&#39;s announcement of Kmart Holding Corp.
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Did Sears run to Kmart to avoid a real estate vulture?
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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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Kmart (KMRT:Nasdaq - news - research) continued to make progress realizing value for its real-estate portfolio Monday, completing an agreement to sell 18 stores to Home Depot (HD:NYSE - news - research) for $271 million.
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Kmarts in Rochester Hills and Woodhaven are among the 50 stores the discount chain will sell to Sears Roebuck &amp; Co. Employees and civic leaders were understandably upset Wednesday after Kmart
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The sporting-goods retailer is down but not out.