November 17, 2004

Shop smart! Shop S-Mart!

Ready to buy Lands' End clothes, Kenmore appliances and Craftsman tools at your local K-Mart? How 'bout Martha Stewart housewares or Joe Boxer underwear at Sears?

You time will be coming soon.

K-Mart is purchasing Sears in an $11 billion deal that was announced today.

Both chains will still exist, though "a number" of K-Mart locations will be rebranded as Sears stores.

The new company, to be known as Sears Holding Co., will be headquartered in Chicago. This comes as a disappointment to business-watchers here in metro Atlanta, as K-Mart was seriously considering moving their corporate headquarters to Atlanta as recently as this past September.

Posted by mhking at November 17, 2004 11:34 PM

Uh, Michael, that $11 billion.

Great. Now K-Mart can bring its marketing genius to the Craftsman empire. Seriously, K-Mart is braindead. Their stores are dumps, their employees are not unlike zombies. This, I think, doesn't bode well for Sears.

Posted by: skh at November 18, 2004 08:59 AM

What is being created here is the largest bankruptcy of 2007.

Posted by: Tony Iovino at November 18, 2004 08:28 PM

Gads. Even after stewing over this all day, I can't think of an upside to all of this. I mean, Craftsman tools will be owned by the same brainstems who were at the controls when K-Mart went from shitty to downright laughable. Mssrs. Sears AND Roebuck must be doing red-line RPMs in their respective tombs. If this deal goes through, I'll pay off my Sears card and never shop in one of their swamps again.

Really, what's the thought process occuring here? "We can't profitably manage the X-thousands of stores that we now have. *ding!* Ooh, how 'bout this!? Let's buy an established retail chain and ruin it, too!" What a crying shame. Sears should be crucified for dereliction of its fiduciary responsibility to its stockholders. Dopes.

Posted by: skh at November 18, 2004 09:09 PM

Absolutely GREAT subject line....Coming from a horror movie fanatic, you couldn't have said it any better....He he he he he....."Shop Smart, shop S-Mart!!!!" Beeeeee-yoo-ti-ful.....

Posted by: CrzyDJM at November 19, 2004 05:58 AM

They're also doing another remake of the Evil Dead, with Bill Campbell as the house-ware clerk from S-Mart, so this is yet another sign of end-time.

Posted by: BigFire at November 19, 2004 06:01 AM

LOL @ the Army or Darkness/Evil Dead reference.

Posted by: Jeff at November 19, 2004 11:19 PM

Thats great.. i just made a comment last night aobut K-mart becomming S-Mart... wonderful humor

Posted by: Babette at December 5, 2004 04:01 PM
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