Sears-Kmart Deal Highlights Future Retail Trend
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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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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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Description: Two of the nation&#39;s oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion.
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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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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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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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The Kmart purchase of Sears, Roebuck may be the ultimate expression of that old saying in real estate: location, location, location.
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Kmart Holding Corporation and Sears, Roebuck and Co. said today that they are merging to form a new retail company called Sears Holdings Corporation that will be the nation&#39;s third largest
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Companies like Whirlpool Corp. that provide wholesale merchandise to one or both retail giants are optimistic about Kmart&#39;s pending acquisition of Sears.
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Discount retailer Kmart Holding Corp. and department store operator Sears, Roebuck &amp; Co. said Wednesday that they agreed to merge in an $11 billion cash and stock deal that will create the nation&#39;s third largest
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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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Kalamazoo-area Kmart customers say that store&#39;s merger with Sears could mean stiff competition for retail powerhouses such as Wal-Mart.
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Kmart Holding Corp and Sears, Roebuck and Co said Wednesday that they are merging to form a new retail company called Sears Holdings Corp that will be the US&#39; third-largest retailer with about US$55 billion in annual revenues.
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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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BIRMINGHAM, Ala. -- Two big stores are preparing for a mega-merger. Kmart Holding Corp. and Sears, Roebuck and Co. have decided to join forces.
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OK, maybe the merger of Kmart and Sears doesn&#39;t exactly put them in the realm of Wally World, but the $11 billion deal is nonetheless impressive.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a $11.5 billion deal unveiled on Wednesday that  will create the third-largest U.S. retailer.