In DB2, it would be something like
SELECT MERCHANDISE [COLOR=BLUE]CONCAT[/COLOR] SIZE FROM T_MERCHTABLE ;
Note, in DB2 the keyword CONCAT joins two columns together. If you were building another table from this query, you might want to make the above query a subselect of an outer query.
Don't know how much data you have - if building a large table (2m+ rows) this way, I'd be concerned about the amount of data being written to the log, and how long the query would take.