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WWD 11/18/2004

WWD 11/18/2004

The $55B Baby: Retail Landscape Shifts as Kmart Buys Sears

In a deal that reshapes America's retail scene, Kmart Holding Co. said Wednesday that it will buy Sears, Roebuck & Co. for $11 billion, creating the nation's third-largest retailer with $55 billion in sales.

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