November 17, 2004

What hath Sam wrought

The news is buzzin' this morning about the merger of KMart and Sears. CNN is reporting that, specifically, KMart is buying Sears. Oh, how the mighty have fallen.

I ought to check this out, but I believe that KMart is the descendant of Kresgees, which in my childhood was a medium sized department store chain. It nearly died many years ago, then reinvented itself as KMart. Now they've bought the grand-dame of retailing, Sears & Roebuck.

Just what we need in this world, TWO WalMarts.

Posted by jackhodgson at November 17, 2004 09:02 AM