Sears Canada Inc. will liquidate its assets and begin to “wind down” after its board rejected a business plan proposed by the company’s top executive, The Wall Street Journal reports. The board’s decision to liquidate most of the Canadian retailer’s …
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Sears CEO Provides Retailer Another $100M Loan
Edward Lampert, CEO of Sears Holdings, has loaned the company an additional $100 million, the Chicago Tribune reports. Sears borrowed the money from affiliates of ESL Investments, Lampert’s hedge fund, which also agreed to lend the company up to $100 million more …
Read More »Walmart Purchases Delivery Business
Walmart has purchased Parcel, a delivery logistics startup that focuses on overnight and same-day last-mile delivery, Reuters reports. The Parcel purchase is Walmart’s latest acquisition, following its purchase of apparel company Bonobos in June for $310 million and e-commerce retailer Jet.com …
Read More »10 Products New Homeowners Need
Click the picture to download a PDF of this story. Owning a home is part of the American dream. But repairing, maintaining and improving that home can be a nightmare for homeowners who don’t have the right equipment to get …
Read More »GOP Proposes Tax Reform Bill, Drops Health Care
Republican leaders in Congress proposed a plan Wednesday to reform the U.S. tax code, The New York Times reports. According to the newspaper, the GOP tax reform plan calls for reduced taxes for the wealthy, the middle class and businesses and preserves …
Read More »10 Tips to Get the Best Photos at Store Events
Click the picture to download a PDF of this story. They say a picture is worth a thousand words, but a strong, well-composed photo is worth so much more. The perfect shot can showcase your operation in a beautiful light, boost sales …
Read More »Consumer Confidence, Home Prices Rise
U.S. consumer confidence rose in the second quarter of 2017, showing a nearly 25 percent increase over year-to-year 2016 levels. Prices of existing home sales also continued to climb, buoyed by a June 2017 peak. The Consumer Confidence Index rose …
Read More »Amazon Searches for Second HQ, Walmart Stays Put
Amazon and Walmart, two of the country’s largest retailers, are taking drastically different approaches to choosing locations for their corporate headquarters, The New York Times reports. Doug McMillon, Walmart’s chief executive, sent a letter to employees earlier this month, announcing …
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