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April 5, 2005

Merger Closed: Off-Mall Strategy ‘Accelerates,’ Sears Essentials Ready For Rollout

By Michelle Napoli

The merger of the former Kmart Holding Corp. and Sears, Roebuck and Co. closed on March 24, with the new company, Sears Holdings Corp., emerging. Now the country’s third-largest retailer (behind Wal-Mart Stores Inc. and the Home Depot Inc.), Sears Holdings has about 3,800 stores in the US and Canada. And what will happen to those stores, be they freestanding locations or mall anchor spaces, is the big question that remains to be fully answered.


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