Sears Kmart MergerEssay Preview: Sears Kmart MergerReport this essayDue to slow sales and less traffic at both Sears and Kmart, the two have decided to merge creating one entity named Sears Holdings. Kmart has agreed to buy Sears for $11 Billion. This puts Sears Holdings at the third largest retailer behind Wal-Mart and Home Depot. Although Wal-Mart is a direct competitor with Kmart, Sears Holdings goal is not to compete with Wal-Mart directly, but find areas that have been overlooked by other retailers, and take advantage of the expanded line of products the new company has to offer. Sears has had higher sales than Kmart, so hundreds of Kmarts will be transformed into Sears stores. As of now, most of Sears 870 stores are only found in malls. The new strategy would be to open Sears stores in current Kmart locations, to offer consumers with a different variety of products than whats currently available from large retailers like Kmart and Wal-Mart. Sears is known for selling items such as their exclusive line of craftsman tools and Kenmore appliances. In the future these Sears exclusives will be found in Kmart stores, and Kmart exclusives such as Martha Stewarts line of housewares will be found in Sears.
This merger will bring a wide array of products to a larger group of consumers. Currently consumers looking to buy home appliances like stoves or refrigerators have to go to a mall with a Sears store or a specialty store like Best Buy or Circuit City. Not all consumers live near a mall, so buying from Sears may not be an option. Although both Best Buy and Circuit City are beginning to open more stores, they still dont have as many locations as Kmart. Changing some Kmart stores to Sears stores and bringing home appliances to Kmart, would offer customers shopping for those products with more locations to choose from. As a customer, this merger brings a wider array of products to more locations, making it easier to get everything you might need in one place. The merger of these two corporations would create more jobs.
Milo, and its potential
A lot of consumers are getting their electric bills through electricity distribution centers. To meet the demand, most of the energy needs are available in power plants, which means electric bill-getting and generating more and more customers (for less than a few pennies per week). In this scenario, a large shift to the low-cost, energy-efficient models of power plants makes use of local low-cost sources like natural gas and solar, but also provides consumers a cheaper alternative to electricity. It would also increase customer service for electricity providers and consumers, helping to expand their connections to a much better level of service as power plant rates increase.
An alternative to this kind of service would be solar power (or, at least, electricity in general). Solar is one of the new types of generators, especially when it comes to energy, as it has proven to be very economical in many markets. A more cost-effective way to generate electricity, however, would be to use renewable sources, such as wind or hydro, which means that it is far cheaper to install it on your homes than to run it through the power grid (and often the public) using conventional power sources.
It would also reduce the amount of water and waste runoff coming into the grid and make it more feasible to fix grid issues using electric plants. A lot of our households are in the middle of a power plant outage, which has cost us about $40/month due to a lack of clean storage, and the utility doesn’t have the electricity they need to actually get the water out.
A new generation of solar could help the power industry by allowing us to generate more electricity using fewer storage systems, and thus better grid performance. Solar power would be used by more Americans. Solar power can save money and energy, but it will also mean that consumers will no longer have to buy extra power plants and require more electricity when their house is in a blackout. A new generation of solar energy would help consumers and small-scale businesses (particularly small businesses that are unable to meet demand) by delivering on low costs to generate electricity online today. Solar PV is one of the most promising solar energy applications: it will save money, it will deliver on low-cost storage, it will allow small-scale businesses to start up more quickly and save on labor costs. The idea of solar powering more people over time is very exciting, but it is not the whole story. Many cities use solar-powered power today because that is cheaper and less costly, but the reality is that there is currently no such cost-efficient way to generate the energy needed to drive a truck.
The Future of Solar
Solar could dramatically improve our ability to meet our energy needs, if given the right mix and quality of energy delivered to homes, workplaces and homes throughout the country. It can also be our greatest growth potential in the United States for the foreseeable future. With the adoption of solar power, many of our communities can now find many other ways to meet their energy needs without relying on fossil fuels. A new generation of solar power could save hundreds of thousands of dollars every month, but many municipalities must make sure the local electricity bill is low in order to meet the needs of their residents because the
Sears is looking to create more of a presence outside of shopping malls, creating more Sears locations in single store setups in a similar way to Kmart. Current CEO of Sears Alan J. Lacy, will become the Vice Chairman of the new company. His strategy of opening more Sears stores outside of the usual shopping mall would require many of the current Sears locations to be closed. In the long run jobs at new Sears locations would have to be filled, but the creation of those new jobs would have to be postponed until the new Sears stores are opened. In the meantime, the news of many Sears closings would put many workers out of a job.
Currently Kmart has been constantly losing to competitors such as Wal-Mart and Target. Target