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Sears, Kmart Agree on Merger

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Sears, Kmart Agree on Merger

Business

Sears, Kmart Agree on Merger

Sears, Kmart Agree on Merger

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  • <iframe src="https://www.npr.org/player/embed/4175151/4175152" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Two of the nation's oldest and best-known retailers — Sears, Roebuck and Co. and Kmart — agree to merge in a deal worth an estimated $11 billion. The proposed merger would create a new entity called Sears Holdings, but will be mainly controlled by Kmart executives. NPR's Jim Zarroli reports.

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