FINANCE

Sears Holdings Plans $500 Million Buyback

BY CSA STAFF

Hoffman Estates, Ill., Sears Holdings Corp. said today that its board has approved the repurchase of up to $500 million of the company’s common shares. The shares will be purchased in the open market or in privately negotiated transactions, depending on market conditions and other factors.

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SmartBargains Names New CEO and President

BY CSA STAFF

Boston, Off-price e-retailer SmartBargains named Benjamin Fischman as president and CEO. Fischman previously headed the company’s marketing and sales efforts. Prior to joining SmartBargains, he founded Lids Inc., a specialty hatwear retailer.

SmartBargains also announced that it has received a commitment for $18 million in equity funding from its investors, including Highland Capital Partners, Maveron, General Catalyst, Gordon Bros. and Time Warner.

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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News

SmartBargains Names New CEO and President

BY CSA STAFF

Boston, Off-price e-retailer SmartBargains named Benjamin Fischman as president and CEO. Fischman previously headed the company’s marketing and sales efforts. Prior to joining SmartBargains, he founded Lids Inc., a specialty hatwear retailer.

SmartBargains also announced that it has received a commitment for $18 million in equity funding from its investors, including Highland Capital Partners, Maveron, General Catalyst, Gordon Bros. and Time Warner.

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Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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