History Doesn’t Bode Well for Kmart
As for smaller Kmart, which just emerged from bankruptcy, purchasing Sears (“Kmart to Buy Sears in Record Retailing Deal,” Nov. 18), I am reminded of the purchase of MCI by upstart WorldCom and of Time Warner by smaller AOL.
Both resulted in financial flops for their shareholders.
As Pete Seeger used to sing: “When will we ever learn? When will we ever learn?”