SGRP wins major contract from KMART, will release details next week. This is good for at least a short term gain on this stock coz until they release the details next week, there will be buying on this stock (usually news like this pushes the price up for a few days).
Troy, MI-- Friday 9:05 am (BUSINESS WIRE)--Kmart Holding Corp. (NASDAQ: KMRT) Announces that it will be re-opening it's Kmart and Big Kmart stores with the new Sears name attached to them. The move to capitalize on the Sears name could be the extra push the defunct Kmart needs according to investors. Investor confidence in the new Kmart is reflected in the rapidly increasing share price of Kmart as it continues to rise since the merger was announced. In a surprise move Kmart also announced an upcoming deal with international merchandiser SPAR Group Inc. (NASDAQ: SGRP) to assist in the opening of the new Sears branded Kmart stores. SPAR Group Inc. (SGRP) plans on releasing results of the planned openings next week and is showing very positive and promising numbers. Planned openings of more Sears store locations could push Kmart into the second largest chain narrowing the gap between the number one spot holder Walmart (NYSE: WMT)