TELECOM Digest OnLine - Sorted: Re: Somewhat Off Topic But a Must Read

Re: Somewhat Off Topic But a Must Read

Robert Bonomi (bonomi@host122.r-bonomi.com)
Sat, 20 Nov 2004 02:09:46 +0000

In article <telecom23.554.16@telecom-digest.org> TELECOM Digest Editor
noted:

> [TELECOM Digest Editor's Note: K-Mart (remember when it used to be
> the 'dime store' Kresge's?) and Sears (remember when it used to be
> known as 'Sears and Roebuck' ?) in fact have merged. Walmart is not
> at all pleased about it. PAT]

FACT:

K-Mart was *never* Kresge's.

K-Mart and Kresge's existed simultaneously.

Yes, K-Mart was owned by the parent of the Kresge's stores -- and
was set up to compete in the 'discount store' niche (i.e. against
_Target_). Kresge's competed against Woolworths, and the other
full-line retail-only (no catalog mail-order/phone-order sales)
department stores.

Also, Sears and K-Mart have _not_ yet merged. Management has made a
deal to do so. It still requires (a) stockholder approval by _both_
companies, and (b) regulatory approval. Neither of those approvals is
a sure thing.

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