Sears / K-Mart merger
By Benjy Lipsman in News on Nov 17, 2004 8:01PM
Um... wasn't Kmart in bankruptcy recently, you may be asking yourself? Chicagoist wondered that when we saw that Kmart was basically buying Sears. But have you seen what their stock's done since they came out of bankruptcy in 2003? Wow! Chicagoist wishes we'd bought some.
The two chain's stores will continue to operate their stores independently, although one would expect to see some of their exclusive labels appearing in each other's stores. Kmart has exclusives with Joe Boxer and Martha Stewart Everyday, while Sears is known for its Craftsman tools and Kenmore appliances. Maybe there's even opportunities to co-brand items. Chicagoist already sees one obvious possibility: