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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Two closed Kmart stores in the Tampa Bay area are among 50 nationwide acquired by Sears, Roebuck and Co. in a $576-million deal announced Wednesday.
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The merger with Sears, Roebuck and Co. has possible negative implications for Kmart Holding Corp.&#39;s future in Michigan, some analysts and observers said Wednesday.
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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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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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With the $11 billion merger of Sears and Kmart announced Wednesday, a Grand Island financial consultant says the community will have to &quot;wait and see&quot; about the impact it will have on Grand Island&#39;s retail community.
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Sears and Kmart are planning to merge. With the merge, they will become the third largest US retailer, with combined revenue of $55B and more than 3,500 store locations.
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STOCKS surged today as investors shrugged off a fresh indicator of rising inflation and welcomed an $US11 billion deal that combines retailers Kmart Holding Corp and Sears, Roebuck and Co.
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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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Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.
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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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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.
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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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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 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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Kmart and Home Depot have finalized the terms of their deal which will see the sale of 18 Kmart stores to the home-improvement super chain for $271 million in cash.
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U.S. stocks rose on Wednesday as  retailers Kmart Holding Corp. KMRT.O and Sears, Roebuck & Co.  S.N announced an $11.5 billion deal, while computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings.