...Byanca Christopher Business 4/20/2015 Sears Holdings Corporation There have been many large chain retailers to grace the United States, but Sears (or Sears, Roebuck and Co.) has been a staple for as long as many people can remember. Sears was once the largest retailer in the United States and is still one of the largest today. In recent years the retail giant has seen a major decline in revenue and stores have been closing across the country. However, Sears is not completely out of options or business and has a formula to continue its longevity. Sears, Roebuck and Co. is still one of the most recognized names in retail and has shown to be adaptable to the changing business environment. The Sears, Roebuck and Co. was founded in 1886 by Alvah Curtis Roebuck and Richard Warren Sears. Sears started his career as a railway agent. He began selling watches after a shipment of watches were unwanted by the receiver (Weil 20). After selling watches for a while Sears moved to Chicago and hired Roebuck who was working as a watchmaker at the time. The company became known as Sears, Roebuck and Co. In 1888 the first catalog was produced offering watches and jewelry (A Brief Chronology of Sears ln.1) There catalog enabled the duo to offer fixed prices to farmers for a larger variety of items rather than base the prices on the creditworthiness of the customer. The business’ growth was stratospheric and they quickly became a household name (Weil 22). This was not the end; the catalogs began...
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...(Q1) TOWS Matrix External Opportunities • Develop & grow their private brands. • Expand how consumers can receive their purchases. • Broaden their Lands End collection. • Increase e-commerce revenues. • Bricks-and-clicks assimilation. • Improve customer shopping experience. • Increase consumer loyalty through “Shop Your Way Rewards” platform. External Threats • Economic collapse, caused by a difficult economy. • Minimum wage increases. • Economic conditions (e.g. inflation, fuel costs, & consumer debt levels). • Increasing competition. • Better online and catalog businesses. • Differentiating from competitors. Internal Strengths • Well known trademarks & brand names (e.g. Kenmore, Craftsman, DieHard). • SHOP YOUR WAY Program (free member-based social shopping platform that offers rewards). • Leading retailer in home appliances & tools, lawn & garden, fitness equipment, automotive repair & maintenance. • Nation’s largest provider of home services, with more than 13M service & installation calls made annually. Strengths &Opportunities: • Having Super Centers operate 24 hours a day that have a full-service grocery along with a merchandise selection of a discount store. • Sears Auto Centers operating in association with full-line stores • Offering its Sears collection through the use of sears.com website • Option of buying through a mobile app or online & picking up merchandise in one of the Full-line or Kmart stores. • Purchase leased operating...
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...I. Summary A CBI Holding Company was a New-York based parent company for several wholly-owned subsidiaries. These marketed an extensive line of pharmaceutical products that were purchased from drug manufactures, warehoused in storage facilities and then resold to retail pharmacies, hospitals long-term care facilities and related entities. CBI’s chairman and president Robert Castello was the seat of the CBI‘s troubles and principal implementer of fraudulent schemes. When in 1991 he sold 48 % ownership to TWC, both companies agreed that TWC would have the right to take control of CBI in case of any so-called triggering events. Shortly after this deal in following 1992 and 1993 Castello and his subordinates were intentionally misrepresenting operating results and financial conditional for the end of fiscal years mainly for enlarging Castello bonuses. To be more specific CBI understated payables at the end of fiscal 1992 and 1993 due to its large vendors by millions of dollars particularly by developing the “advances” ruse. These fraudulent activities were thoroughly concealed from TCW’ s appointees to the board and it’s management and CBI auditor- Ernst & Young that from 1990 till 1993 issued unqualified opinions. After the fraud was disclosed E&Y withdrew its 1992 and 1993 unqualified opinions. But in this case E&Y was held responsible for CBI’s bankruptcy. Even though it classified CBI’s engagement like close monitoring due to its higher than normal audit risk and identified...
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...Singapore Press Holding A Case Study GROUP 6 Special Group Project S P Jain Center of Management Singapore Amit Ambardekar Apoorv Babel GMBA07F261 GMBA07F278 Manu Gupta Parul Nagpal GMBA07D169 GMBA07D240 Preface S P Jain Center of Management has the academic support of Bharatiya Vidya Bhavan's. S P Jain Institute of Management & Research, Mumbai is ranked among the Top Ten Business Schools in Asia and India. In order to replicate its success and achievements in management education in the global arena, S P Jain decided to established centers of excellence in different parts of the world. The first international campus of S P Jain was established at the prestigious Knowledge Village in Dubai in the year 2004. and the 2nd international campus in the city of Singapore. Global MBA program of the S P Jain Center of Management is designed to train individuals to work in the new global economy. With over 900 teaching hours, the course is equal to most two-year MBA programs. The program is conducted jointly at S P Jain’s Dubai and Singapore campuses. As a part of the curriculum, students are required to do a “Special Group Project” based mainly on the Industry Research. We, for this, have taken up a project on Singapore Press Holdings. The project is a case study which looks into: a). History of SPH b). SPH foray into internet - AsiaOne c). AsiaOne, Journey d). ST...
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...Singapore Press Holdings Ltd (SPH) was incorporated in 1984. Its success is built on the long history and rich heritage of two flagship newspaper products. The Straits Times, the english language daily and LianHe Zaobao, the chinese language daily. SPH was publishes daily newspaper in english, chinese, malay and tamil four titles major language. Everyday, 74 per cent of population above 15 years old read one of SPH's newa publications. SPH also produces a range of magazines. They publishes and produces more than 100 magazines titles and various online sites. They has also launched its digital editions which include smartphone applications and a web application. Readers can browse news and infotainment via online. SPH ST701 a new media online market place for jobs, cars, property and shops an leading online classified sites in the region. A portal that connets engages and interacts with readers on the web and mobile phone. SPH radio business operates entertainment stations UFM 100.3 in mandarin, as well as Kiss92 and HotFM 91.3 in english. SPH REIT a wholly-owned subsidiary of SPH, established to invest in a portfolio of real estate primarily for retail purpose. SPH REIT comprises Paragon, The clementi mall and The Seletar Mall. SPH’s events subsidiary Sphere Exhibits organises trade events and exhibitions as well as large scale conferences. A leader of digital Out-Of-Home advertising, a network of large outdoor LED billboards at strategic locations. ...
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...Background History & Business Development Dan Form Holding Company Limited (Dan Form) is established and listed the Stock Exchange of Hong Kong in 1973 (Stock Code is 0271). It has been under Dan Form International Limited since 1994. It creates business in Hong Kong and China. It also mainly engages in 3 types of business which are property investment and development, estate management and investment holding. Dan Form invests the Red Hill at Tai Tam and Harbour Crystal Centre at Tsim Sha Tsui in Hong Kong; invests Dao Yao Building and the Xidan project at Beijing. The Board of Directors The BOD includes Mr.Dai Xiaoming, Hiu King Kon, Nai Chau Leung, Xiang Bing and Edward Shen. The Chairman and Chief Executive Officer of Dan Form is Mr. Dai Xiaoming; the Non-executive Director is Mr. Hui King Kon and the others are Independent Non-Executive Directors. Shareholders Mr. Dai Xiaoming is an individual shareholder who holds the most number of common stock which is 452,892,969 and has 36.31% of the issued share capital in Dan Form. The largest linking shareholders include The Estate of Nina KUNG also known as Nina T.H. Wang, Greenwood International Limited and Talbot Investments Limited. They hold 575,979,132 of common stock and 46.18% of the issued share capital in total (see appendix 1). Related stock It has been claimed that Dan Form Holdings is one of the related stock of Chinachem group. The fluctuation of Dan Form Holdings’ stock price seems related to Chinachem’s stock price...
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...Leighton Holdings Presentation – Story Board 1. Introduction and talk outline • Who we are and what we are going to present. • Agenda slide. 2. Who are Leighton Holdings (Structure – showing % age of revenue by company if possible) and what do they do? [DYNAMIC SLIDE WITH OVERLAYS] • Bullet points with key facts - Founded in 1949, 18th largest contractor in the world, 54,000 employees, active in 25 countries, world’s largest contract miner, A$134.1 billion revenue in 2011. Pictures of mining, tunnels and bridges if possible. • Organization structure diagram showing Hochtief & ACS and the Leighton subsidiaries (with % revenue). MacMahon to come in from the side to show that they are still growing. 3. Where are their markets, and how big/successful are Leighton compared to others i.e. who are their competition. • Map showing where Leighton operate. • Define the market that Leighton operates in – Construction and Engineering – includes mining, infrastructure, non-residential buildings. Note that most of Leighton’s revenue is generated in Australia and therefore our presentation will focus on the Australian market. Note the reliance of the Australian market on China and India. • Main competitors – Market shares – identify Lend Lease as main rival and compare them in size and revenue. 4. Market analysis- Mining and construction Last few years – regulation. • Graph the Construction and Engineering market value over the last 5 years. (Marketline Report)...
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...Running head: Sears Holding Business Analysis Sears Holdings Business Analysis Steven G Cole MGT/521 Leo Shelton Sears Holdings is an icon in the retail business since its founding in 1925. It survived the depression and many economic cycles since its founding. With the purchase of Kmart out of bankruptcy in 2005 and the unexpected recession of 2008 Sears has struggled financially. Their strategy of selling niche items of higher quality and brand names has not fared well in this valued based purchasing recession. They have continued to lose large amounts of money and continue sell off assets to raise capital. The CEO has announces new business strategy to implement to change the course of the company. Since the acquisition of Kmart in 2005 sales have declined steadily year after year. Last year alone Sears and Kmart had a total lose of 1.4 billion dollars. This year that amount is down to 421 million through the 3rd quarter. The continued movement of customers to discount stores like WalMart and Target has continued to erode the customer base at Sears and Kmart. Sears reputation of rundown stores and poor customer service is helping lead the way to the slow demise of the once retail giant. Sears is a leader in ecommerce investment, but poor customer experience in the store is translate to apprehension of customers to return to Sears online (Skariachan, 10/17/2011). In February 2012 in a note to shareholders, CEO Edward Lambert issued a lengthy letter to shareholders...
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...We are proposing that Sears Holding Corporation (SHC) divest its subsidiary Kmart Corp. Sears was once a retail giant that offered home appliances, clothing, and hardware. Kmart Corporation acquired Sears, Roebuck and Co in 2005 in the optic of accelerating their process of expansion as Sears targeted several Kmart locations. The merger of those corporations was also made to facilitate the access of branded products to their respective customers. They kept their own specific brands to continue focusing on their customers. By sharing their intelligence data they wanted to improve their revenues and minimize their overall annual costs. However now because of the recession, Sears is becoming less viable as time goes on and it stays alive by shutting down over a hundred storefronts across the nation. Kmart wanted to compete with large discount retailers like Wal-Mart and Target so they acquired Sears which now seems to be their downfall. Kmart sales have gone down tremendously because it has not successfully anticipated consumers’ needs. The immediate response of the merger was a decline of 84% in income and later on a net of $170 million loss during the first quarter of 2011. Even if the company’s profit has been positive this year, it seems that it is not at its fullest capacity. Sears’s problem is that it needs to focus more on their own identity and help its own brand image. By dropping Kmart, they can revamp their old fashioned image and give consumers what they want. By...
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...Sears Holdings Corporation is a company that came from two very well known organizations, Sears and Kmart. Both companies go back even farther than the 1900s and unfortunately both companies experienced financial difficulty at one point. With the merger Sears Holdings Corporation has the experience of both organizations as well as their different style of operating. Along with an improved customer base and a new outlook Sears Holdings Corporation is experiencing financial growth. Richard W. Sears was an agent at a railway station. This job provided him with loads of free time, so he would sell lumber and coal to local residents for extra money. During his employment with the railway station he came across some discarded watches and decided to repair and sell them. He made a good profit and decided to try it again. In 1886 Sears began the R.W. Sears Watch Company in Minneapolis. After moving his business to Chicago, IL Sears advertised for a watchmaker and came across Alvah C. Roebuck who claimed to do excellent work. In 1893 Sears Roebuck and Co. was formed. Adapting the motto, “Shop at Sears and Save” Sears quickly became the place where farmers shopped to save money and cut out the middleman. Sears’s prices were much cheaper than rural stores. By 1895 Sears was producing a 532-page catalog with many other items, such as stoves, women’s clothing, wagons, furniture, china, firearms, glassware and baby carriages etc. “Sales in 1893 topped $400,000 and two years later...
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...Quality Management at Sears Holding Corporation Felicia J Town Keller Graduate School of Management Managing Quality GM588 Professor Taylor October 10, 2011 Quality Management at Sears Holding Corporation Richard Sears, a Minneapolis railway station agent, sold lumber and coal to the local residents to make extra money. One day he received an unwanted shipment of watches from a neighboring jeweler and the light bulb in his head lit up, he was ready to start his own watch company. In 1886 Richard W. Sears began Sears Watch Company with the watches that he purchased for resale. In 1887 he teamed up with a watchmaker Alvah C. Roebuck, a young Indiana native to later form the firm Sears, Roebuck and Co. in 1893. In 1896 the first general catalog was created. By 1945, Sears had opened a retail store on the west side of Chicago and sales exceeded $1 billion. Sears continued to expand and offer a variety of services. It was until the early 1990s that Sears noticed a significant blow to its sales. 1992 was the start of the retail giant’s culture shift from senior management down to the hourly sales associates (Sears, 2011). A deliveryman, clerk, bookkeeper and teacher- these were all the hats worn by Sebastian S. Kresge. His ambition to succeed and his penny-pinching attitude led him to become a successful businessman. Through five and dime stores to Kmart stores, he became a millionaire. In 1966 sales topped the $1 billion mark. Kresge once said, "I think I was successful...
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...lessons earlier. They indicated that many announcements in everyday make them feel this is wasting times. And they have said that frankly, these were nothings of their businesses, because they barely joined any clubs or competitions. If any schoolmates really need information from those announcements, the clubs or competitions instructors should announce them privately, but not do it in the morning assembly that holding other students’ times. Or if there are businesses all students ought to know, it is better hold during breaks in order to not deferring lessons. Schoolmates prefer join it at classrooms. Despite in summer or winter, we, students are all stand on the playground for the morning assembly without any shield. We stood under severe sunshine and we trembled with chilly wind. Further more, we need to be prepared for rainy day, and to worry if the rain fell. Moreover, it spends us a lot of times taking turn to go to classrooms. Therefore, we would like to ask to change it into conducting morning assembly at classrooms. Finally, schoolmates ask for holding morning assembly alternately is also regarded. Each form of students is also bustle with the process of syllabus. Meanwhile, we need to spend about 30 minutes on the morning assembly each day, inevitably. And 30 minutes are doubtless helpful to our progresses on the syllabus. If...
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...processed with these changes At receiving plant no. 1 (RP1), trucks would arrive randomly throughout the day, with a random amount of berries, anywhere from 20 to 400 bbls. In order to utilize transport vehicles more effectively, there should be crews scheduled differently on peak days. It only takes 5 to 10 minutes to unload a truck into a Kiwanne dumper, but the backup would occur when the holding bins were full, causing drivers to have waits up to 3 hours. The backup is not occurring in receiving, so now additional crews are necessary at that station. All feed conveyors are in use during peak times so no new crews need to be added there. However, there seems to be a backup occurring in the bagging station. Instead of keeping the fourth bagging machine as a spare, they should add another five-member team to operate the fourth bagging machine during peak hours. This would result in an additional 2,667 bbls per 12-hour period, or a total of 10,667 bbls per 12-hour period. The additional crews and adding of a bagging station would reduce the number of berries that need to be in holding, and cut down on wait time for the transport trucks. Calculations: 8,000 bbls/3 bagging machines = 2,667 bbls per machine per 12-hour period 4 bagging machines times 2,667 bbls per machine = 10,667 bbls per 12-hour period 10,667 bbls per 12- hour period means 21,333 bbls per 24-hour period 2. Would the installation of a berry grader positively impact the farmers’...
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...Institutional holding and market friction Ping-Wen Sun Louisiana State University psun1@lsu.edu Abstract This study investigates the relationship between the institutional holding and the stock’s market friction measure. According to Sun’s (2007) findings, I use Hou and Moskowitz’s (2005) price delay measure (D1) and Liu’s (2006) liquidity measure (LM12) to proxy for a stock’s market friction. I find that a higher total institutional holding tends to decrease a stock’s price delay measure, but institutional holding exhibits a U-shaped relationship with a stock’s LM12 measure. However, as the number of institutions increases, the stock’s market friction decreases. In terms of different types of institutional holdings, higher total block holding or higher top five institutional holding of a stock increases a stock’s market friction level. Furthermore, in contrast to Agarwal’s (2007) findings, higher independent long term institutional holding and risk averse institutional holding tends to decrease a stock’s market friction level. Institutional holding and market friction Abstract This study investigates the relationship between the institutional holding and the stock’s market friction measure. According to Sun’s (2007) findings, I use Hou and Moskowitz’s (2005) price delay measure (D1) and Liu’s (2006) liquidity measure (LM12) to proxy for a stock’s market friction. I find that a higher total institutional holding tends to decrease a stock’s price delay measure, but institutional...
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...Caso 3er Parcial Nike, Inc: Cost of Capital Equipo número 3 Karen Saavedra A01128884 Margarita Menéndez A0112 Ana Karen Jáuregui A0112 Diana Reyes A0112 INTRODUCTION History and Background of NorthPoint Group Founded as an importer of Japanese shoes, Nike has grown to be the world's largest marketer of athletic footwear, holding a global market share of approximately 37 percent. In the United States, Nike products are sold through about 22,000 retail accounts; worldwide, the company's products are sold in more than 160 countries. Both domestically and overseas Nike operates retail stores, including Nike Towns and factory outlets. This is a mutual fund management firm that invests money mostly in Fortune 500 companies. Its top holdings include Exxon mobile, General Motors, McDonalds, 3M and other large-cap. The stock market declined over the last 18 months. NorthPoint large-cap Fund performed extremely well, actually, in 2000, the fund earned a return of 20.7% even as the S&P 500 fell to 10.1%. At the end of June 2001, the fund`s year to date returns stood at 6.4% versus -7.3% for the S&P 500. It was considered the athletic shoe manufacturer. Since 1997, its revenues had landed at around $9 billion dollars. On the other hand, the net income had fallen from almost $800 million to $580 million. The market share in U.S. athletic shoes had fell from 48% in 1997 to 42% in 2000. This was caused by the adverse effect of a strong dollar...
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