Hints and tips:
...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....
...Sears shares tumbled on Monday after the struggling US department store chain said that Bruce R....
...Moody’s has identified a number of other stores that could be the next, dominated by chains that had been commonly found in American malls through the 1990s and 2000s, such as Neiman Marcus, Sears and Claire...
...Sears’ story is part of a broader decline within the US retail industry, which in turn marks difficulties for US malls that rely on big department stores like Sears as “anchor tenants”....
...Mr Lampert’s ESL has investments in many of the companies spun off from Sears, including Lands’ End, Sears Canada and Sears Hometown....
...David Buckley is chief marketing officer and vice-president of marketing and ecommerce at Sears Hometown & Outlet Stores, Chicago. He graduated from Duke’s Global Executive MBA programme in 2009....
...of 254 stores....
...The company had 834 stores in the US and 166 stores across Canada, Europe, Asia, Australia and the Middle East at the third quarter’s end....
...The Florida-based company works with more than 31,000 grocery, drug and department stores across America, including Safeway, Rite Aid and Sears Holdings’ Kmart discount chain, according to its website....
...At the same time mid-market department stores such as JC Penney and Sears have struggled in a crowded market....
...But many of the things that feel like privacy violations are “authorized” in some fine print somewhere. And yet, in many ways, we have not yet fully consented to these authorized intrusions....
...(Reuters) House of Fraser is in advanced talks to be acquired by Galeries Lafayette, the French department store chain....
...Mr Lampert has already spun various bits and pieces out of Sears: a big stake in Sears Canada, the Sears Hometown and Orchard Supply chains, some real estate....
...It also includes the Mexico-located stores of Saks Fifth Avenue and Sears. The latter accounted for just over half the group’s sales and operating profits in the nine months through September 30....
...It said that it would raise between $400m and $500m by giving existing Sears shareholders the right to buy shares in a new business created by spinning off its Hometown and Outlet stores and some hardware...
...In the retail sector, Sears Holdings , the department store chain, jumped 6.4 per cent to $75.03 after forecasting that its fourth-quarter profit would be well ahead of analysts’ expectations....
...Shares in Sears Holdings , the department store owner, soared 6.4 per cent to $74.49 after the retailer said it was launching an online film download service, Alphaline entertainment....
...Outdoor goods store REI, and OfficeMax, another office supplies retailer, are also planning to open mobile commerce sites....
...The funds without independent administrators which it threatened to pull out of include DE Shaw and Millennium, as well as ESL Investments, run by Eddie Lampert, chairman of department store group Sears...
...The memo lists funds from ESL Investments, run by Eddie Lampert, chairman of Sears Holdings, the department store group; Renaissance Technologies, run by Jim Simons; Chicago’s Citadel, run by Ken Griffin...
...Sears Holdings, the department store operator, said third-quarter profit plunged 99 per cent to $2m, its worst quarterly performance since Sears and Kmart were merged in 2005 by Edward Lampert, the financier...
...By the early 1900s Lehman was helping corporate American stalwarts Sears, Roebuck and F.W. Woolworth raise capital....
...When Terri Walker moved to Princeton, New Jersey, eight years ago, the 50-year-old mother quickly realised one thing about her new neighbours: they were all passionate about their hometown....
...Yet critics say this fails to take account of the Kenmore-branded appliances made by Whirlpool for department store Sears....
...The unit, which operates about 685 US stores and 601 others stores around the world, is expected to be sold for more than $3bn in an auction run by investment bankers at Credit Suisse First Boston....
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