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J Marcus Daily
Wednesday, November 17, 2004
  Bluelight special on Craftsman tools
Being an ex-retail manager I’m interested in news from the exciting world of malls. Today, Kmart Holding Corp made public their intentions to purchase Sears and Roebuck & Co for a planned $10.85 billion. An odd mating the two struggling companies have had their share of financial blackhole and more than a passing understanding of the bankruptcy laws.

Aside from the obvious issues, Kmart and Sears are very different companies. Managing stand alone stores like Kmart are distinctly different than operating in malls. For the two to capitalize on each others strengths, namely their branding, Sears will have to find its niche in the strip malls. Not a bad bet there are customers who will find it convenient to buy Craftsman and Kenmore appliance without having to step into the hustle and bustle of the regional mall. However, as a stand alone venture like Kmart, Sears Grand their big box outlet, came to the party late and has had difficulty coming into their own against Target and Walmart.

Who knows how this one will pan out or even if the purchase will even go through? As always the struggle for your retail dollar continues. Just make sure you get the most for it before letting go.
 
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Daily thoughts from writer J Marcus Ross, author of Darkness Within and the Robert Watson Mystery Series

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