Hints and tips:
...“I think this is going to be a have/have not holiday season,” said Mark Cohen, a Columbia Business School professor and former CEO of Sears Canada....
...It’s been 100 years since now legendary poets such as Langston Hughes and Blues singers like Bessie Smith helped sear this Upper Manhattan quarter into America’s cultural consciousness during Harlem’s fabled...
...Roebuck catalogue....
...Then, earning power was recognised as a sensible basis for public share ownership and companies such as Sears Roebuck became market leaders....
...He controls a company that touches every part of American life. He employs 1.6mn people....
...It all started with Sears. At the end of the 19th century, Chicago-based Sears, Roebuck & Co’s catalogue was a monster, a doorstop manifesto of capitalism geared to homesteaders and smallholders....
...The EM White company of Old Town, Maine, which built Exploding Jane in fibreglass, no longer exists....
...Twenty-five years ago, you might have thought a portfolio containing shares in General Electric and General Motors, ICI, Marks and Spencer, Barclays Bank and Sears Roebuck represented a low-risk, conservative...
...They bought the title for £665m after a complex pursuit first of Conrad Black, then Hollinger International....
...Privately-held groups such as mass-market Sears and luxury chain Barneys New York have been through bankruptcy proceedings in the past year....
...The latest downgrade to earnings forecasts, which comes a week before the Black Friday promotional event, underlines how department stores have been struggling to attract shoppers even though other retailers...
...They made the most of their luck — closing a crucial fundraising on October 15, 1987, just days before the Black Monday crash....
...“[For] somebody that is of my generation, Sears Roebuck was a big deal,” he told reporters on Monday, discussing the “sad” news that the retailer had filed for bankruptcy protection....
...Its portfolio includes several staples of the hardware aisle such as DeWalt, Porter-Cable, Mac Tools and the company’s namesake brands, Stanley and Black & Decker....
...One exception to the digital sales bonanza was Sears, which filed for bankruptcy protection last month. The department store chain’s online sales collapsed almost half from a year ago....
...Sears sold its Craftsman tool business last year to Stanley Black & Decker for $900m....
...Even more astutely, Hill says: “You can very readily see where [the US department store chain] Sears, Roebuck and Company’s business would go if such a plan was perfected.”...
...Noticeably quieter than its rivals in the Jersey City mall was Sears, whose stores were still trading even after the company’s recent Chapter 11 filing....
...In the US, the sector’s failures to adapt to a rapidly changing environment are epitomised by Sears....
...(FT) A TV empire to rival Fox Local television has become a popular medium for billionaires to wield power and private equity mogul Leon Black is no exception....
...Bad luck also played a part: a fire damaged one of its distribution centres over the Black Friday weekend....
...Richard Sears, one of the founders of Sears Roebuck, put it well: “Honesty is the best policy. I know, I’ve tried it both ways.”...
...The shift by Apollo eroded the trust Arconic had in the private equity group founded by billionaire Leon Black, multiple people said....
...Indeed, at the beginning of the last century, second generation scions of the founding German-Jewish families prospered through partnering on deals, such as taking retailer Sears Roebuck public....
...Bear with us as we explain the journey of a shareholder lawsuit pertaining to the $1.4bn sale of grocery chain The Fresh Market to Leon Black’s private equity group Apollo Global Management in 2016....
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