kmart   123

« earlier    

Sears seeks OK to pay out $19 million quarterly executive bonuses - CNN
Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received.
"It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry.
"They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.
A Sears spokesman declined to comment on the bonus plan or its current severance policy.
Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.
The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.
Each could receive as much as $240,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."
Sears  KMart  executive  bonus  oiligarchy  severance  bankruptcy 
november 2018 by Quercki
daylight 24 daylight24 402071-39 FOCUS Adjustable Beam LED Floor Lamp, Gold
daylight 24 daylight24 402071-39 FOCUS Adjustable Beam LED Floor Lamp, Gold
daylight  24  daylight24  402071-39  FOCUS  Adjustable  Beam  LED  Floor  Lamp  Gold  kmart 
december 2017 by kilroy2
Inside the Decline of Sears, the Amazon of the 20th Century - WSJ
By Suzanne Kapner
Oct. 31, 2017 1:48 p.m. ET
Shoppers hunting for this holiday season’s hot toy, the L.O.L. Surprise, may have trouble finding it at Sears or Kmart stores. Worried about the financial health of the retail chains, the company that makes the toy, a ball that children unwrap to reveal small dolls, has reduced shipments to Sears Holdings Corp. SHLD -5.75%

“We cut their credit line and shortened payment terms,” said Isaac Larian, chief executive of toy maker MGA Entertainment Inc. “If they pay one day late, we will cut them off.”

Sears once dominated American retailing and helped build famous brands, including Whirlpool appliances, Craftsman tools, Schwinn bicycles and Allstate insurance. Now, bleeding cash and losing shoppers, the 124-year-old company is scrambling to keep suppliers—the lifeblood of any retail chain—from bolting.

To guarantee shipments from LG Electronics Inc. and Samsung Electronics Co. , Sears is paying them cash up front for some goods, said people familiar with the matter. Levi Strauss & Co. has stopped supplying women’s jeans to the chain, said another person. At Clorox Co. , “We have certainly adjusted our payment terms,” said CEO Benno Dorer.

A monthslong feud between Sears and Whirlpool Corp. burst into the open last week when the sides couldn’t agree on terms to keep their century-old partnership going. Earlier in 2017, Sears sued two longtime manufacturers of its Craftsman tools to keep them shipping merchandise to stores.
retailers  Sears  Kmart  brands  decline  payment_terms  Whirlpool  Levi_Strauss  Allstate  Schwinn  Craftsman  supply_chains 
november 2017 by jerryking

« earlier    

related tags

#  05739341000p  1858  1980s  1989  199.00  1990s  1999  2013  2015-10  2015  2016  24  3ds  402071-39  408235  46  80s  90s  a4  above_and_beyond  additional  adjustable  adnetwork  ads  advantage  advertising  affiliates  allstate  allthingsconsidered  amazon's  amazon  ambient  analysis  ancient  and  android  aramark  archive  archives  are  at&t  audio  augen  automatic  background  backgroundmusic  bankofamerica  bankruptcy  bayer  beam  bigass  black-friday-2011  black-friday  blackpantherparty  blackpanthers  bonus  brand  branding  brands  bras  brightcove  budweiser  business  buy  c261sfnw  capability  capitalism  cargill  carrie  casette  cassette  cassettes  caterpillar  cc  cheerup  chevron  chicago  china  chrishedges  christmas  chrysler  class  closing  codes  collection  color  commercial  commercials  competitive  competitiveness  conagrafoods  consumer  consumeractsofkindness  consumerism  control  cornetto  corporatization  corpus  costco  coupons  craftsman  creativeshowcase  crime  cultural_history  culture  davismv  daylight  daylight24  decline  dell  demo  departmentstore  desk  diehard  dirty  dove  download  downloads  ds  e-commerce  ebay  ecommerce  economy  econsultancy  elevator  elililly  employment  ephemera  etc.  evian  executive  experience  exploitation  exxonmobil  exxonmobile  floor  focus  foods  forcedlabor  franchise  free  from  funny  games  gamestop  gaming  geico  glaxosmithkline  gold  gopro  grandtheftauto  h&m  henley  here  history  holiday10  hotel  humanrights  humor  humour  incarceration  innovation  interesting  internet  internet_archive  item  jimcrow  jingleballs  jinglebells  joeboxer  johndeere  johnson&johnson  k-mart  kassetten  kenmore  kids  kinect  kitsch  kmrt  kochindustries  labor  laborcamps  labour  lamp  lands_end  laser  layaway  led  legal  levi_strauss  literatue  lock  lofi  luxury  macys  mall  management  market  marketing  marykay  may  mcclanahan  mcdonalds  merck  microsoft  mix  mobile  model  moms  motorola  mp3  multifunction  music  musik  muzak  national  neftvodka  news  nintendo  nostalgia  npr  ogg  oiligarchy  okidokey  onlinevideo  p&g  payingitforward  payment_terms  pc  pepsi  pfizer  phonebloks  playstation  points  poopourri  pos  poverty  power  printer  prisonindustrialcomplex  prisonlabor  prisons  promotional  ps3  psmp01uscl  psp  pun  qr  radio  ramtrucks  readers  realism  realists  recordings  referrals  restaurant  retail  retailers  retailing  retailtherapy  retro  returntonow  rewards  ricoh  rpg  rpgs  s  samples  schwinn  scott  sears  severance  sfadpub  shell  shipmypants  shipping  shit  shopping  slavery  smart  socialmedia  sofia  sony  sound  sounds  soundtrack  source:youtube  southern  sp  space  starbucks  stock  store  stores  strategy  submission  supermarket  supply_chains  tablet  tape  target  technology  the  thinkering  this  three  tribune  truemove  uncategorized  up  upload  ups  us  usa  vaporwave  vergara  verizon  video  videoadvertising  viral  vision  volvo  w  wages  wal-mart  walmart  wendys  whirlpool  whole  wii  work  working  xbox  year  youtube 

Copy this bookmark: