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

just-style market research sale

Are you planning for the year ahead and beyond? Well this week we’re offering great deals on some of our market research......

BLOG

Gearing up for the holiday shopping season

The volume of US apparel imports saw an increase in October on the prior year as retailers geared up for the holiday shopping season. Bangladesh booked the second highest growth behind India, reversin...

BLOG

Innovations to boost sustainability

Hong Kong-based textile and apparel giant Esquel Group, the world's largest woven shirt maker, is pushing ahead with the pursuit of sustainable and holistic quality. ...

BLOG

Sign up to try new re:source apparel sourcing tool for free

The old saying "Good things come to those who wait" is certainly true for re:source, the new suite of data-driven sourcing tools being developed by the team here at just-style....

just-style homepage



Forgot your password?