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Kmart, Sears to Merge in $11 Billion Deal Kmart, Sears to Merge in $11 Billion Deal
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Old 11-17-2004, 07:10 AM   #1
Fred Quimby
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Kmart, Sears to Merge in $11 Billion Deal
WOW

http://story.news.yahoo.com/news?tmp...t_sears_merger
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Old 11-17-2004, 07:15 AM   #2
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Wow!!!!!
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Old 11-17-2004, 07:20 AM   #3
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WOW!
that's big news
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Old 11-17-2004, 08:31 AM   #4
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one word: wow
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Old 11-17-2004, 08:43 AM   #5
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Kmart will be phased out in time of course.

Sears will want to revamp the look altogether plus once martha stewart gets outta jail, its going to make MAD bank for Sears.

Masterstroke of a deal.
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Old 11-17-2004, 08:57 AM   #6
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eithor way both companys are being run into the ground by walmart, they are only prolonging their death
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Old 11-17-2004, 09:10 AM   #7
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Originally posted by Bigwilly
eithor way both companys are being run into the ground by walmart, they are only prolonging their death
Sears has a higher-class image so if they actually keep their prices near Wal-marts then I think they'll attract a large consumer base..

Matt
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Old 11-17-2004, 09:14 AM   #8
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next year you will read a lot of negative stories
and your stocks halfed

This is how it most of the times turns out....
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Old 11-17-2004, 09:21 AM   #9
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Kmart went bankrupt last year, didn't it?
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Old 11-17-2004, 09:30 AM   #10
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Sears Kmart
Rename it Smart
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Old 11-17-2004, 09:33 AM   #11
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grandparent's across the country rejoice..powertools and knitwear in one place.
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Old 11-17-2004, 09:37 AM   #12
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Originally posted by lazycash
Sears Kmart
Rename it Smart
hey, thats a good idea! lol
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Old 11-17-2004, 09:39 AM   #13
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Originally posted by Bigwilly
eithor way both companys are being run into the ground by walmart, they are only prolonging their death
Sears is in almost EVERY mall in the country. Wal-Mart isn't.

That's a big plus for K-Mart/Sears.
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Old 11-17-2004, 09:40 AM   #14
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Originally posted by candyflip
Sears is in almost EVERY mall in the country. Wal-Mart isn't.

That's a big plus for K-Mart/Sears.
being in a mall doesnt mean much
why drive downtown and goto the mall when you can go around the corner to walmart and get a better deal? if someone is going to buy some tools or a dryer, maybe they'll make the trip
but day to day stuff will goto walmart
people want easy access and cheap prices
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Old 11-17-2004, 12:20 PM   #15
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that's pretty big news
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Old 11-17-2004, 12:41 PM   #16
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Thats a biggie.
Hope it works out ok for Bob Vila and his tools...
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Old 11-17-2004, 12:45 PM   #17
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Oh Sh*T ::

Good Move for Bankrupt KMart

Bad Move for Future Bankrupt Sears
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Old 11-17-2004, 12:46 PM   #18
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Glad I bought that Kmart Stock a few years back at .66 a share. Woot Woot!

!0,000 shares is going to be a pretty pa day!
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Old 11-17-2004, 12:47 PM   #19
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Originally posted by lazycash
Sears Kmart
Rename it Smart
that's a good idea.
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Old 11-17-2004, 12:48 PM   #20
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Quote:
Originally posted by bringer
being in a mall doesnt mean much
why drive downtown and goto the mall when you can go around the corner to walmart and get a better deal? if someone is going to buy some tools or a dryer, maybe they'll make the trip
but day to day stuff will goto walmart
people want easy access and cheap prices
I don't live in the sticks. Walmart and the mall are seperated by a parking lot.
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Old 11-17-2004, 12:49 PM   #21
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Kmart went bankrupt last year, didn't it?
No, they did in 2001 Im pretty sure and came out of it early 2002. Then started trading on the stock market again. I bought up 10k in shares at .66 each. I had been up to about 6.00 a share and I almost sold. I need to see where Sears is at.
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Old 11-17-2004, 12:51 PM   #22
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Wow big merger

I don't think Sears will go the walmart route (big discount store), I believe they will use K-marts infrastructure and excellent relationships it has with dealers to negotiate lower prices and increase margins across the board.

Sears has made so much money off their credit cards it's ridiculous. When I worked there in College, many old time managers told me the only reason Sears was still in business after all the years was because of the Sears Card.

I think this is a good deal for both companies IMHO

DH
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