Wednesday, November 17, 2004

Just In Time For Christmas

For those of us old enough to remember browsing the old "Big Book" catalog, this story comes as quite a surprise: Yahoo! News - Kmart Buying Sears in $11 Billion Deal

This would have been completely unheard of 30 to 35 years ago, when Sears Roebuck was the undisputed KING of department stores. Sears practically invented "catalog shopping" with their famous "Big Book", whereas Kmart is known for inventing the deep discount store.

What's even more interesting is that Kmart was seeking bankruptcy protection in 2002. Quite a turnaround.

Now, let's see how Wal-Mart and Target respond.

More later...
Paul

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