Sears buys 50 Kmart stores for $575.9mn
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NEW YORK, September 29  - Sears Roebuck &amp; Company (S.NYS) has finalized its previously announced acquisition of 50 stores from Kmart Holding Corporation (KMRT) for $575.
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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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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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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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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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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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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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Kmart finalizes a revised deal worth $271M, has an option to sell another store to Home Depot. NEW YORK  - Kmart finalized Monday a deal to sell 18 of its stores to Home Depot Inc.
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Kmart Holdings Corp. KMRT.O on Monday  reported its third consecutive quarterly profit and boosted its  cash pile to $2.6 billion as it cut spending on advertising and  discounts, sending its stock up 14 percent.
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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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Department store group Sears and discount retailer Kmart say they are to merge in a $11bn deal, becoming the US's third largest retailer.
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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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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, fresh from bankruptcy and ready for action, is buying Sears in a surprising $11 billion gamble aimed at helping the two chains survive the onslaught of their giant competitors Wal-Mart and Target.
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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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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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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.