Behind the K-Mart-Sears Deal
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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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The debut of Sears Holding Corp. drew mixed reviews Wednesday as Wall Street cheered while retail experts scratched their heads. Kmart Holding Corp.
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NEW YORK (CBS.MW) -- Shares of rival retailers fell in Wednesday trading following the news of Kmart buying Sears for $11 billion.
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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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Kmart Holding Corp. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.
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Kmart and Sears announced an $11 billion merger that will make it the third largest retailer in the country. Exactly how the merger might affect the two Tullahoma outlets is still uncertain.
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The Dallastown resident said he&#39;d wager that the $11 billion merger of Kmart Holding Corp. and Sears, Roebuck and Co. will create a stronger retailer that is better equipped to compete with discount chains such as Wal-Mart and Target.
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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,  creating the third-largest U.S. retailer.
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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 battered icons of the American shopping landscape, Kmart and Sears, yesterday announced an $11 billion merger that will create the nation&#39;s third largest retailer, with 3,500 stores.
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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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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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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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US department store operator Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) and discount retailer Kmart Holding Corp. (KMRT.
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Most adopt wait-and-see attitude as they await more details of historic retailing deal. By Francis X. Donnelly / The Detroit News.
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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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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