Sears, Kmart merging to form third biggest US retailer
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The US discount retailer Kmart Holding Corp. announced on Wednesday it is combining with Sears, Roebuck &amp; Co. in an 11-billion-dollar deal that will create the third largest retailer in the United States.
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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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Two retail giants announced a merger on Wednesday that could mean job loss in Terre Haute and nationally. Kmart Holding Corp. and Sears, Roebuck and Co.
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Retailer Kmart Holdings Corp. KMRT.O  on Monday finalized the deal to sell 18 of its stores to Home  Depot Inc. HD.N, for $271 million.
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Kmart, which emerged from bankruptcy just last year, announced yesterday it would buy Sears for $11 billion to create the country&#39;s third-largest retailer.
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Two closed Kmart stores in the Tampa Bay area are among 50 nationwide acquired by Sears, Roebuck and Co. in a $576-million deal announced Wednesday.
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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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One catalog expert offered some advice for Kmart chairman Edward Lampert regarding yesterday&#39;s news that Sears and Kmart will merge into a single entity: Don&#39;t touch Lands&#39; End.
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Sears, Roebuck & Co. and Kmart Holding Corp. on Wednesday said they would merge in an $11 billion deal to form the third-largest U.S. retailer.
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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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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, fresh from bankruptcy and ready for action, is buying Sears in a surprising $11 billion gamble aimed at helping the two chains survive the onslaught of their giant competitors Wal-Mart and Target.
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Fashion Wire Daily - Fashion Wire Daily November 19, 2004 - NEW YORK - With the holiday season nigh, retail giants have been doing some shopping of their own. Last week, retailer to the masses, Jones Apparel Group, acquired Barneys New York Inc., causing fashionistas the world over to perspire over the fate of the luxury retailer. Then, trumping the JNA-Barneys deal entirely, Kmart and Sears merged to create the third largest U.S. retailer.
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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
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AILING US stores giant Kmart is hoping that sharing a sick bed with rival Sears Roebuck will cure its ills. The pair, under siege from Goliaths Wal-Mart and Target, yesterday unveiled plans for a Â£6bn merger.
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When resurgent discount retailer Kmart (Nasdaq: KMRT) branded a new CEO, it was rumored that chairman Edward Lampert might have designs on merging the company with Sears (NYSE
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Discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co., in a surprise $11 billion deal that will create the nation&#39;s third largest retailer.