Rival retailers&#39; shares fall on Kmart-Sears deal
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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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U.S. stocks fell at the open on  Tuesday after profit warnings from retailer Sears Holdings  Corp.  and home builder D.R. Horton Inc  as the  housing slump took its toll, raising concerns about the  quarter&#39;s earnings outlook.
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Kmarts in Rochester Hills and Woodhaven are among the 50 stores the discount chain will sell to Sears Roebuck &amp; Co. Employees and civic leaders were understandably upset Wednesday after Kmart
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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New York -- Few things stir the heart of stock investors like a huge merger deal. And last week&#39;s shotgun wedding between Kmart and Sears, two limping retailers, was no exception.
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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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By Anne D&#39;Innocenzio, Associated Press, 11/18/2004 09:11. NEW YORK  The $11 billion deal between Kmart and Sears is seen as a high-risk gamble to some analysts, who say the struggling discounter and struggling
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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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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(November 18, 2004) - Amid talk of store closings, staff layoffs and name changes, shoppers and others are watching to see how the announced merger of Kmart and Sears will affect Rochester retailing.
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Kalamazoo-area Kmart customers say that store&#39;s merger with Sears could mean stiff competition for retail powerhouses such as Wal-Mart.
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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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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 fate of two local retail stores may not be known for months in the wake of the announcement Wednesday of the $11 billion merger of Kmart and Sears.
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GRAND RAPIDS, Mich. Kmart&#39;s pending acquisition of Sears has a number of suppliers wondering how it will affect their business.
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The retailer's same-store sales decline.