Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears Estimates Kmart Restructure Charge
Jun 6, 2005
 Printable format
 Email this Article
 Search

Sears Holdings Corp. said restructuring charges for relocation costs and termination benefits associated with its takeover by Kmart Holding Corp. could total about U.S. $60 million.

The retailer said in a filing with the Securities and Exchange Commission that about $30 million would come from costs to relocate employees, with the balance representing termination-related costs for affected Kmart employees. However, Sears said the final cost of the blockbuster deal still depends on the number of employees who accept relocation offers to remain with the company.

Sears said it will record a $3 million pretax charge for the restructuring costs during the first quarter, while the balance will be recorded over the next several months. (BusinessWeek)

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows