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Sears hires a former Wal-Mart executive
Tribune staff reporterSears, Roebuck and Co. hired a former Wal-Mart Stores Inc. executive to help the struggling retailer's strategy for improving sales. Jeffery Gruener will fill the newly created post of vice president of corporate strategy for the Hoffman Estates...Tags: Government, Wal-Mart Stores, Inc., Management Change, Target Brands, Inc., Public Employees
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Pension fund adds Sears to its targets
Tribune staff reporterThe nation's largest public pension fund has issues with how the country's largest department store governs itself. The California Public Employees' Retirement System will withhold votes for Sears, Roebuck and Co. Chief Executive Alan Lacy and three...Tags: Companies and Corporations, Wages and Pensions, Career and Workplace, American Airlines, Inc., Retirement
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Sears steps up ethnic profile
Sears, Roebuck and Co. said Thursday that it will revamp 97 of its traditional stores this month to improve apparel shopping for Hispanics, African-Americans and Asians. The changes, prompted by a two-year study of customer buying patterns at the nation'...Tags: Los Angeles, African Americans, Consumers, New York, Minority Groups
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Speculation surrounds Sears' fate
Tribune staff reportersIt may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the Hoffman Estates-based company is an American icon. It has $9.5 billion in market value,...Tags: JC Penney Company Inc., Real Estate Buyers, Real Estate, Chicago Real Estate, Nordstrom, Inc.
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Sears stock soars 23% after REIT investment
Tribune staff reportersThe disclosure of a large investment in Sears, Roebuck and Co. by a real estate trust known for liquidating retail assets sparked a 23 percent gain in Sears' stock on Friday. Vornado Realty Trust, which owns the Merchandise Mart, shopping malls and...Tags: Companies and Corporations, Finance, Lehman Brothers Holdings Inc., Merchandise Mart, Property
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Sears job cuts will total 3,300
Tribune staff reporterThis story contains corrected material, published July 24, 2004. Plagued by poor clothing sales, Sears, Roebuck and Co.'s second-quarter profits were about a third less than what Wall Street expected, and the nation's biggest department store chain...Tags: Companies and Corporations, Chicago Jobs, Inventories, Clothing, Accessories, and Shoes, Consumer Goods Industries
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REIT's purchase of Sears shares grabs attention of stock analysts
Why would a real estate investment trust buy 4.3 percent of the stock of Sears, Roebuck and Co.? Retail followers at Prudential Equity Group and Goldman Sachs Group Inc. aren't sure they know the answer, but they're intrigued enough by Vornado Realty...Tags: JC Penney Company Inc., Personal Service, Real Estate, Real Estate Buyers, Vornado Realty Trust
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What's next for Sears, Kmart?
Tribune staff reporterMerging mall anchor Sears, Roebuck and Co. with shopping-strip discounter Kmart won't happen overnight. But some details emerged as executives of the chains took the wraps off their $11 billion deal today. Q. Will some stores close? A. Yes. Sears and...Tags: Thalia, Companies and Corporations, Martha Stewart, Mergers, Acquisitions and Takeovers, Wal-Mart Stores, Inc.
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Sears plans a trimmer approach for Grand
Tribune staff reporterFuture Sears Grand stores will be a little less grand. In recent months, Hoffman Estates-based Sears, Roebuck and Co. has opened two of the freestanding stores--each exceeding 200,000 square feet--to better compete against the growing dominance of...Tags: Companies and Corporations, Buyback, Beauty Products, The Home Depot, Wal-Mart Stores, Inc.
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Sears tries to reassure employees on stock
Tribune staff reporterDefending millions of dollars in executive stock sales in the wake of a planned merger with Kmart Holding Corp., Sears, Roebuck and Co. felt compelled to reassure workers that there is reason for optimism about the retailer's future. "The actions of...Tags: Companies and Corporations, Finance, Career and Workplace, Mergers, Acquisitions and Takeovers, Wal-Mart Stores, Inc.
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Behind Kmart stock swings
On Wednesday, shares of Kmart Holding Corp. jumped 7.7 percent on news of its purchase of Sears, Roebuck and Co. On Thursday, Kmart was still buying Sears under the same terms. But its stock dropped as much as 8.1 percent before rallying a bit to close...Tags: Companies and Corporations, Investments, Buyback, Moody's Corporation, Mergers, Acquisitions and Takeovers
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Lacy to get 50% raise, more shares
Tribune staff reporterAlan Lacy's company is being bought, but he's getting a good job and a nice raise. In a regulatory filing Thursday evening, Sears, Roebuck and Co., said Lacy, its chairman and chief executive officer, will get a 50 percent increase in salary over 2003...Tags: Wages and Pensions, Mergers, Acquisitions and Takeovers, Corporate Officers, CEO Pay
Jul 21, 2004
|Story| Chicago Tribune
May 6, 2004
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Oct 8, 2004
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Nov 14, 2004
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Nov 6, 2004
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Jul 23, 2004
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Nov 9, 2004
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Nov 18, 2004
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May 14, 2004
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Dec 11, 2004
|Story| Chicago Tribune
Nov 19, 2004
|Story| Chicago Tribune
Nov 19, 2004
|Story| Chicago Tribune
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