Sears Strikes an Iceberg
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Discount retailer struggles to remain relevant, but one Fool thinks it's time to scuttle the ship.
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Wednesday&#39;s announcement that Kmart is acquiring Sears in an $11 billion deal spawned a lot of questions and comments at the Rolla outlets of the two companies.
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Kmart Holding Corp. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.
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HOFFMAN ESTATES, Ill. Sears, Roebuck and Company&#39;s stock is surging today on news that a real estate investment trust purchased a four-point-three percent interest in Sears.
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The sudden merger of Sears and Kmart in an $11 billion deal will create a merchandising behemoth that might hold its own against Wal-Mart and Target.
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HAMILTON -- It was like the uniting of aging titans -- the surprise announcement yesterday that Sears, the company that brought Americans the bible of catalogue sales, and Kmart, the store that brought us the blue-light special, will be merging to form a
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Over its 121-year history, Sears has been a watch seller, a giant mail-order business, a home builder and the nation's favorite retailer. And now, in 2007, it is becoming . . . a hedge fund?
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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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It&#39;s all about Eddie. Wall Street is betting Kmart chairman Eddie Lampert will be able to add a successful combination with Sears, the biggest retail merger in history, to his impressive resume.
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Sears, Roebuck and Co., which has successfully sold its tools and appliances on the web, is counting on having the same magic with bedspreads and sweaters, thanks in part to expertise gained by its purchase of Lands&#39; End.
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The fact that neither Kmart or Sears has faired well against Wal-Mart may leave some people wondering if the combined company can do any better.
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Sears, Roebuck begins selling apparel and home furnishings online. Also: IBM launches a new, cheaper line of servers & hellip;. Cisco plans a new line of low-end routers & hellip;. and more.
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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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Investors finally decide between Wal-Mart and Target.
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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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Mr. Brennan became chief executive at Sears in 1986, when the company was the nationâs largest retailer.
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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