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Human Capital & Careers
Salary Transparency’s Impact On the Future of Labor
With salary ranges being required in more areas, how can executives use these new laws to better their hiring practices?
By
Adam Zaki
| February 3, 2023
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Sears
Credit & Capital
Forever 21 Scaling Back Global Ambitions in Bankruptcy Plan
The "fast fashion" retailer said it would close stores in Canada, Europe, and Asia but continue operations in Mexico and Latin America.
By
Vincent Ryan
| September 30, 2019
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Human Capital
Sears Owner Seeks to Opt Out of Severance Payments
Eddie Lampert had promised to pay $43 million to former workers.
By
Lauren Muskett
| May 30, 2019
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Risk & Compliance
Sears Accuses ex-CEO of Looting $2B in Assets
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
By
Matthew Heller
| April 19, 2019
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Retirement Plans
PBGC to Oversee Sears Pension Plans
The pension insurance fund is stepping in because “it is clear that Sears’ continuation of the plans is no longer possible.”
By
Matthew Heller
| January 22, 2019
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Bankruptcy
Chairman Lampert Wins Auction to Save Sears
The bankrupt retailer's "hand has not changed and the cards it holds are not winning ones," an analyst says.
By
Matthew Heller
| January 17, 2019
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Bankruptcy
Sears Eyeing Chapter 11 With Debt Payment Due
"This is the inevitable end game of an effective liquidation process that has been going on for many years," a retail analyst says.
By
Matthew Heller
| October 10, 2018
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Corporate Finance
Sears CEO Proposes $1.1B Debt Restructuring
Eddie Lampert says the retailer must act "without delay" to address “significant near-term liquidity constraints."
By
Matthew Heller
| September 24, 2018
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M&A
Sears Reviewing Sale of Kenmore, Other Assets
The proposed sale to CEO Eddie Lampert's hedge fund would further his goal of making Sears an "asset light" business.
By
Matthew Heller
| May 14, 2018
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Retirement Plans
PBGC OKs Sears Asset Sales for Pension Relief
The lifting of a "ring-fencing" restriction will allow the embattled retailer to raise $407 million to contribute to its underfunded pension plans.
By
Matthew Heller
| November 8, 2017
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Financial Performance
Cost-Cutting Narrows Sears’ Loss to $251M
The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.
By
Matthew Heller
| August 25, 2017
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Retirement Plans
Accenture Offloads Pension Liability
The deal comes as insurers are buying pension plans at a record rate.
By
William Sprouse
| June 23, 2017
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Risk
Sears Cutting Corporate Office Jobs
The job cuts are part of the ailing retailer's goal to shave $1.25 billion off annual operating costs.
By
William Sprouse
| June 13, 2017
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Financial Performance
Lands’ End Loss Widens But Comp Sales Rise
The retailer sees the 2.1% gain in same-store sales as a sign "we are making the right decisions as we work to drive the business forward.”
By
Matthew Heller
| June 6, 2017
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Financial Performance
Sears Swings to Profit But Sales Slide Continues
"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."
By
Matthew Heller
| May 26, 2017
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Strategy
Riecker Named Sears’ Third CFO in Past Year
The retailer's current controller takes over as finance chief as it struggles to restructure through asset sales and store closures.
By
Matthew Heller
| April 24, 2017
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