Blog: Leonie BarrieUS No 3 – a high risk?

Leonie Barrie | 18 November 2004

The $11 billion deal between Kmart and Sears sounds impressive, but will the combination of struggling discounter and struggling department store work? The new Sears Holdings Corp will be US’s third largest retailer, but both the Kmart and Sears chains will remain in one form or another. Retailing experts agree that both Kmart and Sears need a long-term strategy for turnaround, including a more aggressive off mall stance and cross selling of the brands. But the promise of up to $500 million a year in savings within three years from store conversions, back-office job cuts, more efficient buying of goods and possible store closings will surely appeal to the financial markets.

USA: Kmart And Sears In $6bn Merger


BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?