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| kythri |  Ugh.January 18th, 2007 04:13 PM Well, with any luck, history will repeat itself. K-Mart, prior to the bankruptcy, established their record of buying successful businesses, and then a few years later, selling them off. They used to own: Waldenbooks, bought Borders, merged the two, and the sold the company. OfficeMax, bought and then sold. PACE, which they sold to Wal-Mart, who turned them into the Sam's Club chain. PayLess Drug, which they sold, and ended up becoming Rite Aid. The Sports Authority, bought, held for a few years, and then tossed it. No wonder they declared bankruptcy. All of those businesses are still open, and still thriving. The future bodes well for Sears becoming it's own entity again. :) |
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