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November 17, 2004

Sears - Kmart Merger

In a surprise strategic move to save the troubled retailers Sears and Kmart announced their merger this morning.  This new company, to be called Sears Holdings Corp., will be formed in deal valued at over $11 billion will create the third largest retailer with $55 billion in annual revenue and 2,350 full-line and off-mall stores, and 1,100 specialty retail stores.

Posted by Quentin Johnson at 04:47 AM in Alliances | Permalink

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