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...Stocking a stable number of stores when supply chains are strained is challenging, said Mark Cohen, a Columbia Business School professor and former Sears Canada chief executive, but doing so while adding...
...matthew.vincent@ft.com FCA: kate.burgess@ft.com...
...Sears, once the world’s largest retailer, filed for bankruptcy last year....
...Mark Cohen, director of retail studies at Columbia University and a former chief executive of Sears Canada, doubted federal loans could resuscitate heavily indebted companies....
...The New Britain, Connecticut-based tool maker, which acquired the iconic Craftsman name from Sears Holdings, began selling Craftsman-branded products through Lowe’s, Ace Hardware and Amazon.com last year...
...Sears Holdings said it would close 142 stores by the end of this year as part of its bankruptcy and an additional 40 stores in February 2019....
...JPMorgan Chase has named Xavier Bindel as a co-head of Emea technology investment banking, alongside Matthew Gehl....
...Orrick, a law firm, has hired Matthew Gemello, as a partner. He joins from Baker McKenzie. Ropes & Gray, a law firm, has hired Carolyn Vardi as a partner. She joins from White & Case....
...Those two firms are busy as they happen to be on the Chapter 11 of Sears whose auction is set for this week....
...Franklin Resources has hired Matthew Nicholls to succeed Ken Lewis as the investment firm’s chief financial officer....
...Gone are hundreds of Toys R Us, Sears and Bon-Ton department stores. The disruption is a boon for surviving chains, which are picking up business from displaced shoppers hunting for deals....
...Jeff Stollenwerck, president of Sears real estate business, is set to leave the company, according to a Reuters report. Before Sears, Stollenwerck worked in Kmart’s real estate division....
...He recently charged Australian Matthew Koder — who is fond of military-style “boot camp” workouts and has been known to perform one-armed push-ups for colleagues when out socially — with turning round the...
...matthew.vincent@ft.com...
...Matthew Garrahan is the FT’s global media editor Photographs: Getty; Rex/Shutterstock...
...Speaking at a conference on alternative investments at the London School of Economics, Matthew Granade, Point72’s chief market intelligence officer, bragged that they scrutinise 80m credit card transactions...
...Late last year American Apparel also sought bankruptcy protection and losses at Sears, the department store group, widened in the latest quarter. Still there have been winners....
...(His fiancée Kim Sears, caught mouthing the same at the semi-final, wore a T-shirt saying “Parental Advisory. Explicit Content”. Wimbledonian decorum does seem to break down in these latitudes.)...
...FT Opening Quote with commentary this week by deputy Companies editor Matthew Vincent is your early City briefing. You can sign up for the full email here....
...Rival Sears rose 1.03 per cent to $33.43 while Macy’s rose 0.94 per cent to $62.35....
...“This bill and its companion in the House will level the playing field for all retailers – both online and off – while safeguarding states’ rights,” said Matthew Shay, NRF president....
...The famous defenestration of Margaret Thatcher in 1990 still sears the party’s soul....
...They include Walmart, Home Depot and Best Buy as well as Target, Sears and JC Penney....
...Guy Sears, director, wholesale at the Investment Management Association “We wanted a Mifid review because there was unfinished business....
...Prominent Ivey alumni include Scott Beattie, head of Elizabeth Arden, the US cosmetics group; Arkadi Kuhlmann, chief executive of ING Direct, the Dutch bank’s US subsidiary; Chris Matthews, chairman of Hay...
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