Quote:
Originally Posted by d4g4m
Does anyone know what Sears was thinking when they bought K-Mart?
There was a K-Mart near me. Did so-so OK for years. Then a Wal-Mart opened down the road. The K-Mart closed a year latter. Building was empty for over two years and is now Burlington. In the same shopping center was a Sweet Bay [food] Wal-Mart expanded their building to become a super Wal-Mart. A year latter Sweet Bay closed.
Not too far in the major mall is a Sears but across the road was a K-Mart. We thought it would become a Sears outlet/bargain store. There were so few customers at that store, I didn't know how they even paid their electric bill. Word has it that Home Depot may take the property.
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Actually Kmart bought sears but kept the sears name as a company name for better name recognition.
http://money.cnn.com/2004/11/17/news...0/sears_kmart/
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