KMart to Sell 18 Stores to Home Depot
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Retailer Kmart Holdings Corp. (KMRT.O) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. (HD.N) for &#36;271 million.
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Kmart Holding Corp. and Sears, Roebuck and Co. merged in an $11 billion stock and cash deal that will create the country&#39;s third-largest retailer, after Wal-Mart and Home Depot.
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Home Depot Inc.  has agreed to sell its supply division for more than $10 billion, sources close to the deal said on Tuesday.
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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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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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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.
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a roughly $10 billion deal that unloads a business the home-improvement retailer's former chief executive worked to expand.
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Up to 1200 store staff employed by US supermarket operator Kmart face redundancy as Home Depot takes over 13 properties following an early summer agreement.
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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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Home Depot agreed today to sell its commercial supply business to a consortium of private equity firms for $8.5 billion, nearly $2 billion less than the original agreement.
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Home Depot, America&#39;s biggest home products retailer, reached a deal to sell its wholesale supply arm for over 10 billion dollars to three private equity firms, US media reports said Tuesday.
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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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The chief executive of Sears bought 50 Kmart stores as part of a plan to increase his company's presence outside of malls.
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Home Depot Inc. said Monday it is considering the sale of its wholesale distribution unit as the nation's largest home-improvement retailer renews its focus on its retailing business.
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The Home Depot Inc. has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $1.8 billion less than originally planned, and it will retain a small stake in the unit, a person with direct knowledge of the situation said Sunday.
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A Kmart employee pushes shopping carts into the store in the Northridge section of Los Angeles Wednesday, Nov. 17, 2004. Kmart is acquiring Sears, one of the most venerable names in US retailing, in a surprise
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Sears, Roebuck & Co. and Kmart Holding Corp. on Wednesday said they would merge in an &#36;11 billion deal to form the third-largest U.S. retailer.