Sears to double store sites here
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Sears, Roebuck &amp; Co. said yesterday it will double the number of stores it operates in San Diego County by acquiring five Kmart locations and converting them to Sears units over the next 15 months.
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The retailer will sell CallVantage in many of its outlets and through its Web site.
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TROY, MI-Kmart and Sears have closed a deal in which Kmart will sell 50 stores to Sears for $575.9 million. Troy-based Kmart Holding Corp.
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TROY, MICH. - Kmart Holding Corp. will sell 45 of its stores to Sears, Roebuck and Co. for $524 million, Kmart said late last week.
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The discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co.
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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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Some people may be wondering just how well Kmart and Sears will compete against Wal-Mart as parts of the same company.
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Bob Vila meet Martha Stewart. Two venerable icons and brands -- Vila the pitchman for Sears Craftsman tools, and Stewart, the home-goods queen for Kmart -- might be sharing shelf space at a Sears or Kmart near you.
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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, once the king of American retailers but lately struggling for shoppers, has finally attracted a big one - not for its tools and appliances, but for its real estate.
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Equity One Inc. , a real estate investment trust that owns shopping centers primarily in the South, agreed to buy six retail properties in the Boston area from Charlesbank Capital Partners LLC for about $120 million to expand into the Northeast. The centers are located in Cambridge, Medford, Quincy, Swampscott, West Roxbury, and Plymouth, with 390,979 total square feet, the ...
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Sears, Roebuck and Co., which has successfully sold its tools and appliances on the web, is counting on having the same magic with bedspreads and sweaters, thanks in part to expertise gained by its purchase of Lands&#39; End.
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In the early 1980s, Sears and Kmart were American retail giants, with gobs of money, huge portfolios of real estate and loyal customer bases that should have made them fast-growing fulfillers of Americans&#39; insatiable demand for more stuff.
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Sears will acquire six off-mall locations from Wal-Mart, in addition to gaining 50 locations from Kmart. Sears will make lease payments to Wal-Mart under subleases for the Wal-Mart stores which are located in mid-size markets.
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Only if you think Sears is merely a retailer.
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Two new East Coast stores will boast a revamped design when they open Sept. 23. But details so far are scant.
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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.