Word: kmart
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Dates: during 2000-2009
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...lure shoppers in more often and stop Sears from being squeezed by discounters on the low end and big-box specialty retailers on the high end. Think of it as the wider side of Sears. But in the wake of last week's $11 billion megamerger with floundering discounter Kmart, the Sears Grand could be the foundation of an extreme and long-overdue makeover. By melding the Sears savvy in selling so-called hard goods like dishwashers, lawn mowers and flat-panel TVs with Kmart's upmarket "soft" brands like Martha Stewart Everyday, Jaclyn Smith and Joe Boxer, the sales...
...Kmart attorneys countered that bankruptcy law allows the company, under its reorganization plan, to renew the lease despite its alleged violations...
...Kmart wins the case, it will be allowed to continue occupying the space under its lease with Harvard. The lease expired last February and was planned to be extended until January...
Many Harvard and Kmart officials declined to comment on the issue because of the pending litigation...
...Allston Kmart is situated across the Charles River from Harvard Yard, beyond the Harvard Business School. Target, a competing discount retail store, is located nearby in Watertown...