A New Catalog King Waiting In The Wings?

What's bad for Sears is, well, good for Service Merchandise, a major catalog showroom merchandiser that operates a chain of about 385 stores in 36 states. With Sears Roebuck bailing out of its 97-year-old general-merchandise catalog business, some big money runners are betting that Sears' loss will be Service Merchandise's significant gain. So they have started snapping up the smaller retailer's shares, now at 15.

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