Sears Borrows More From CEO — RetailDive.com

Sears is borrowing more money from its CEO, Eddie Lampert:

The company said it recently borrowed $100 million and can borrow an additional $100 million from subsidiaries owned by Lampert’s fund, ESL Investments, between now and Dec. 1. Sears has so far borrowed $499.4 million through a real estate-backed loan dating back to January. The new $100 million requires Sears to put up additional properties or other assets as collateral.

Supplier Takeaway: Will Sears Survive?

Will Sears and KMart survive? If the stores close, what will the impact on retail (and your business) be?

Resources for Walmart Suppliers

How to Deal with OTIF Grief Courses for Walmart Suppliers Podcast: Walmart’s On Time In Full (OTIF): Timelines, Baselines, Deadlines, and Punchlines

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

shares