Kmart reports fourth straight quarterly profit as Sears ...
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Kmart Holding Corp. reported its fourth straight quarterly profit Wednesday, but most investors&#39; focus was on the discount retailer&#39;s $11 billion acquisition of Sears, Roebuck and Co.
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Kroger Co. (KR.N: Quote, Profile, Research) , the top US grocer, on Tuesday said quarterly profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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Wal-Mart Stores Inc  posted better-than-expected fourth quarter profit on Tuesday as penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food to offset tough economic conditions.
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Kmart is acquiring Sears, Roebuck &amp; Company for $11 billion with the combined estimated earnings of the two making it the third-largest retailer in the United States.
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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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Since Kmart acquired Sears in 2005, Sears Holdings has prospered as a company, but the sales performance of its chains has continued to decline.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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Kohl's Corp. reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands.
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Nordstrom, the department store chain, said yesterday that fourth-quarter profit rose by 22 percent, less than analysts estimated, on increased sales of womenâs clothes.
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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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Evidence of an abrupt slowdown in consumer spending mounted Monday as Sears Holdings, the owner of Sears and Kmart, warned that its profit would most likely plunge as much as 57 percent for the three months ending in early February.
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units.
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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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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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Kmart Holding Corp. KMRT.O, the  discount chain pulled from bankruptcy by hedge fund operator  Edward Lampert, will buy Sears, Roebuck & Co. S.N for $10.85  billion in a bold play to revive two of America's best-known,  but long-struggling, retail brands.
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U.S. stocks rose on Wednesday lifted  by a merger between retailers Kmart and Sears,  better-than-expected earnings from Hewlett-Packard and data  showing a slight rise in core inflation.
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U.S. stocks closed higher, reviving  their recent rally on Wednesday after Kmart's plan to buy Sears  in a $10.85 billion deal was announced and computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings, but a rise  in oil prices capped session gains.