Staples Office Depot scrap merger after antitrust injunction
Staples and Office Depot announced the termination of their planned $6.3 billion merger after Judge Emmet Sullivan granted the FTC a preliminary injunction. The FTC argued the deal would reduce competition for large business office supplies, risking higher prices and lower service quality.
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Sears to open small format appliance store in Fort Collins
Sears Holdings plans a 7000 to 10000 square foot appliance focused store in Fort Collins Colorado next week as part of a broader trial of smaller formats. Chair Edward Lampert said more small stores are possible in 2016 while larger locations shutter and online services integrate in-store.
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Sears Holdings
Kmart
Sears
Edward Lampert
Fort Collins
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