More Borders woes: Two execs resign
New York City — On the heels of Monday’s announcement that Borders Group is delaying payments to some of its vendors, the bookseller said Tuesday that two senior-level executives have departed.
Thomas Carney, general counsel, and D. Scott Laverty, chief information officer, both resigned from their posts Monday evening.
The news was disclosed in a Securities and Exchange Commission filing Monday. Borders told the Wall Street Journal that the departures were part of its previously disclosed efforts to improve liquidity.
Borders is looking to refinance its debt, a plan that may include asking publishers to convert some of their receivables to debt, plus the infusion of new capital, and new bank lenders. The chain is setting up meetings with leading publishers in New York this week to explain its refinancing strategy.
Sears, Kmart launch movie-download service
NOVATO, Calif. – Sears Holdings has launched a new online movie download service,Alphaline Entertainment (http://alphaline.roxionow.com), which enables Sears and Kmart customers to download entertainment online, including new movies on the same day they are released on DVD and Blu-ray disc. The service is being provided through Sonic Solutions RoxioNow platform.
“Collaborating with Sonic provides a great opportunity for Sears and Kmart to launch digital services for customers seeking even faster access to the latest in home entertainment experiences,” said Karen Austin, president consumer electronics for Sears and Kmart. “We’ll continue to increase the reach and flexibility of the Alphaline Entertainment service by providing consumers on-demand access to the latest entertainment from a range of home and mobile electronics.”
Macy’s growing e-commerce, adding jobs
CINCINNATI – Macy’s Inc. hasannounced a series of organizationalexpansions, totaling approximately 725 new positions over the next twoyears, to support the growth of macys.com and bloomingdales.com.
"Macy’s Inc. is building one of the largest, most efficient andresourceful e-commerce organizations in American retailing as part ofour comprehensive omnichannel strategy," said Terry Lundgren,chairman, president and chief executive officer of Macy’s Inc. "This isa business that thrives on unrelenting creativity and innovation. Havingthe right talent in the right place is vital as we seek to sustain andaccelerate our sales growth online, as well as in the stores. Theseexpansions to macys.com and bloomingdales.com represent investments inmerchandising, marketing, and site development, which complement ongoingimprovements in systems infrastructure, fulfillment capacity andcustomer service."
The company said it expects to expand its Macys.com merchandising and marketingorganizations in New York City by about 260 positions over the nexttwo years and has signed a lease for additional office space at 1440Broadway in Midtown Manhattan. The company currently employsapproximately 420 macys.com associates at this location.
Macys.com’ssite development and operationsorganization in downtown San Francisco is expected to expand by roughly 200 positions overthe next two years and has expanded its office space at 685 MarketSt., near Union Square. The company currently employs more than 300macys.com associates at this location.
Macy’s Inc. said it will expand its Bloomingdales.com merchandising, marketing andoperations organizations in New York City by about 115 positions overthe next two years and is negotiating a lease for additional officespace in Midtown Manhattan. The company currently employsapproximately 200 bloomingdales.com associates in New York City.
The company said it intends to add about 150 positions over the next two years to its Macy’s Systems & Technology (MST) organization, which supports themacys.com and bloomingdales.com e-commerce technology platform. The positions will be located atcentral campus in Johns Creek in suburban Atlanta. The company said it ispurchasing and expanding within a building MST currently partiallyoccupies at 5955 State Bridge Rd. This increase would bring the sizeof MST’s work force at Johns Creek to more than 1,200 employees.
In total, Macy’s said it expects to add nearly 3,500 full-time, part-timeand seasonal holiday associates in the next two years in relation to thegrowth of its online businesses. This includes a new online fulfillmentcenter to be built near Martinsburg, W.Va, and the expansion of afulfillment center near Portland, TN – both of which were previouslyannounced.