Sears-Kmart Might Just Be A Real Estate Deal
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If you believe Sears and Kmart are going to continue in business as sister chains, I&#39;ve got a couple thousand Kmart signs to sell you.
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Description: NPR&#39;s Liane Hansen speaks with retail analyst Lois Huff about last week&#39;s announcement of warehouse giant K-Mart&#39;s intent to purchase the aging department store Sears.
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Private equity firms' interest in Harrah's may revolve around a sale of its Strip real estate.
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Discount retailer Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) will buy department store operator Sears, Roebuck &amp; Co.
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Retail chains from discounters like Kmart to department stores like Sears are under renewed scrutiny, not so much for what they sell as for the ground they stand on.
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GM snags some hefty television real estate.
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Eddie Lampert is looking for Target-type valuations in the merger of Kmart and Sears.
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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 merger of Sears, Roebuck &#38; Co. and Kmart Holding Corp. will produce a retailer to be known as Sears Holdings Corp. The combined company has applied to list its stock on Nasdaq under a yet-to-be-announced stock symbol, the two companies said in merger documents filed Tuesday.
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Ed Lampert came out of stealth mode when he announced the acquisition of Sears (S:NYSE - news - research) by Kmart (KMRT:Nasdaq - news - research) Wednesday.
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The fact that neither Kmart or Sears has faired well against Wal-Mart may leave some people wondering if the combined company can do any better.
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Shares of local companies Martha Stewart Living Omnimedia and Vornado Realty Trust were boosted by news that Sears and Kmart will merge in an $11 billion deal, creating a new company called Sears Holdings with about $55 billion in yearly revenue and
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TRAVERSE CITY - Word of the merger between retail giants Sears and Kmart struck some local shoppers like an out-of-the-blue-light special - while others found it as exciting as a 25-cent rebate.
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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.
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The monster merger between Troy, Mich.-based Kmart Holding Corp. and Hoffman Estates, Ill.-based Sears Roebuck &amp; Co. may have local impact.
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If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they've stumbled upon a great deal in the fanciest building in town.
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Kmart Corp.&#39;s cheeky proposal to acquire Sears, Roebuck and Co. for $11 billion may be wowing Wall Street, but it doesn&#39;t do anything to fix the serious problems afflicting two