Sears Kmart Merger Due to slow sales and less cream at both Sears and Kmart, the two name decided to melt creating one entity named Sears Holdings. Kmart has agreed to buy Sears for $11 Billion. This puts Sears Holdings at the tertiary man-sizedst retailer behind Wal-Mart and Home Depot. Although Wal-Mart is a direct foe with Kmart, Sears Holdings goal is not to compete with Wal-Mart directly, but find areas that drop been overlooked by other retailers, and take advantage of the distend line of products the new company has to offer. Sears has had higher sales than Kmart, so hundreds of Kmarts will be transformed into Sears stores.
As of now, approximately of Sears 870 stores are only found in malls. The new strategy would be to open Sears stores in current Kmart locations, to offer consumers with a different variety of products than whats currently available from hulking retailers like Kmart and Wal-Mart. Sears is known for selling items such as their single(a) line of craftsman too...If you want to get a remedy essay, order it on our website:
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