Kmart Sells 18 Stores To Home Depot
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TROY, Mich. -- Kmart says the final agreement with The Home Depot means it&#39;s selling 18 stores to the home-improvement chain for $271 million.
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Kmart (KMRT:Nasdaq - news - research) continued to make progress realizing value for its real-estate portfolio Monday, completing an agreement to sell 18 stores to Home Depot (HD:NYSE - news - research) for $271 million.
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Report: Retailer could terminate as many as 1,200 positions stemming from stores sold to Home Depot.
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The discount retailer Kmart Holding Corp. is combining with one of the most venerable names in U.S. retailing, Sears, Roebuck &amp; Co., in an &#36;11 billion deal that will create the nation's third largest retailer.
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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 it completed the sale of its wholesale supply business, HD Supply, to buyout firms on the same terms announced earlier this week.
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Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. said on Nov. 17, 2004, that they would merge in an $11 billion deal to form the third-largest US retailer.
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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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Add Atlanta to the list of potential sites for Kmart Holding Corp.&#39;s new headquarters. The Troy-based company with about 2,000 corporate employees is looking for up to 300,000 square feet of office space, Atlanta media are reporting this week.
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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 $271 million.
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The US discount retailer Kmart Holding Corp. announced on Wednesday it is combining with Sears, Roebuck &amp; Co. in an 11-billion-dollar deal that will create the third largest retailer in the United States.
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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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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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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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Home Depot Inc.  has agreed to sell its supply division to three private equity firms for about $10 billion, sources said on Tuesday, unloading a business built up by the home improvement retailer's former chief executive.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a surprise $11 billion deal that creates the  third-largest U.S. retailer, the companies said on Wednesday.
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NEW YORK - Retailer Kmart Holdings Corp. on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. for $271 million.