Gapers Block has ceased publication.

Gapers Block published from April 22, 2003 to Jan. 1, 2016. The site will remain up in archive form. Please visit Third Coast Review, a new site by several GB alumni.
 Thank you for your readership and contributions. 

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Friday, March 29

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Merge

Kmart and Sears announced today that Kmart would buy the 118-year-old Chicago company, creating the world's third-largest retailer. The newly merged entity will use the Sears name, as Sears Holdings Company, and will be headquartered at Sears' current digs in suburban Hoffman Estates. Kmart's recent bankruptcy was handled by the Chicago-based corporate restructuring practice of Skadden, Arps. For more Sears history, visit the Sears Archive (which we told you about just last week). 

 
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