Kmart to sell 18 stores to Home Depot
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NEW YORK - Retailer Kmart Holdings Corp. on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. for $271 million.
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A resurgent Kmart, home of the blue light special, is buying the once-dominant Sears department store chain in a surprising $11 billion gamble it is counting on to help both better compete with Wal-Mart and other big-box retailers.
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Some employees who stand to lose their jobs when Kmart Holding Corp. sells off stores to Home Depot and Sears may get some help when new store owners take over, company spokesmen said Monday.
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Home Depot, which began stocking appliances in its stores in 2001, has begun to offer large appliances for sale online. Home Depot (NYSE: HD) operates eight stores in the Memphis region, including stores in
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Home Depot Inc. HD.N, looking to  expand its share of the home appliance market, said Tuesday it  will begin selling refrigerators, washers, dryers and other  items online.
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Home Depot Inc  said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- 17 percent less than previously agreed upon -- as the slumping housing industry and recent credit crunch forced the renegotiation of the deal.
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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Discount retailer Kmart Holding Corp. said Monday that it finalized a transaction to sell 18 stores to Home Depot Inc. for a total price of &#36;271 million in cash.
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Report: Retailer could terminate as many as 1,200 positions stemming from stores sold to Home Depot.
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Home Depot Inc  said on Tuesday it agreed to cut the price of its supply division sale to buyout firms by $1.8 billion, as a housing market drop and a credit crunch forced all sides to renegotiate.
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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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NEW YORK - US department store operator Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. Wednesday said they would merge in an $11 billion deal to form the third-largest US retailer.
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U.S. home improvement retailer Home  Depot Inc.  said on Wednesday it had signed an agreement  to buy Chinese home improvement retailer The Home Way, giving  it a retail presence in China with 12 stores in six cities.
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The Home Depot Inc. said Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion over the objection of some shareholders.
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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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Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.
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Home Depot Inc  said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- nearly 18 percent less than previously agreed upon -- as the U.S. housing slump and recent credit crunch forced renegotiation of the deal.