http://starbulletin.com/breaking/breaking.php?id=2940
Sears Roebuck and Co., as part of its strategy to expand business beyond malls, has closed on its purchase of 50 stores from Kmart Holding Corp., including one location in Waipahu.
Sears said it paid 30 percent of the $575.9 million purchase price and will pay the rest on taking possession of the stores next spring, including the Kmart store at 94-825 Lumiaina St.
The Waipahu store is expected to undergo renovation and bear the Sears nameplate by the end of next year, said Chris Brathwaite, a spokesman for Sears.
While the company has not determined how many employees will be needed to staff the new store, the company plans to provide Kmart associates an opportunity to be considered for employment with Sears, Brathwaite said.
http://biz.yahoo.com/prnews/040929/cgw036_1.html
Sears Roebuck and Co., as part of its strategy to expand business beyond malls, has closed on its purchase of 50 stores from Kmart Holding Corp., including one location in Waipahu.
Sears said it paid 30 percent of the $575.9 million purchase price and will pay the rest on taking possession of the stores next spring, including the Kmart store at 94-825 Lumiaina St.
The Waipahu store is expected to undergo renovation and bear the Sears nameplate by the end of next year, said Chris Brathwaite, a spokesman for Sears.
While the company has not determined how many employees will be needed to staff the new store, the company plans to provide Kmart associates an opportunity to be considered for employment with Sears, Brathwaite said.
http://biz.yahoo.com/prnews/040929/cgw036_1.html
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