Just the Facts – Vendor Relationships

Yesterday The Wall Street Journal reported that a toy vendor, Jakks Pacific Inc., during its quarterly earnings call made a comment that its latest quarterly revenues were negatively impacted because it made a decision to halt shipments to a national retailer. It was subsequently reported that this retailer was Kmart … Continue Reading »

Attention Kmart Shoppers!

In the last 12 months, Kmart relaunched its brand, brought back Bluelight specials and started to make shopping fun again. The stores routinely host Freebie Saturdays and in-store family events for Shop Your Way members. In May, Kmart hosted its first-ever cross-format preview event featuring the new 2016 summer and fall collection in New York City. In addition, our store associates are currently rolling out a phased project … Continue Reading »

Funding Our Transformation & Leveraging our Real Estate Assets

sears_wholefoods

Today Sears Holdings announced that it will be bringing in up to $625 million of cash through a rights offering of senior unsecured notes with warrants. ESL, the company’s largest shareholder with a 48.5% equity ownership stake, has indicated that it intends to participate in the rights offering for its pro-rata share of approximately $303 million … Continue Reading »