Ka-Ching! Sears-Kmart Combo May Involve a $60 Million Price Tag

Share this article:
The Sears-Kmart deal could cost Sears Holdings Corp. $60 million in relocation costs and termination benefits, according to wire reports last week.


Sears Holdings Corp. reportedly said in a regulatory filing that it expects to spend about $30 million on the relocation of employees. The final charge depends on how many employees accept offers to relocate from Kmart's former headquarters in Troy, MI, to the company's new base in Hoffman Estates, IL.


Sears said it will record a $3 million pretax charge for restructuring costs in the first quarter of fiscal 2005 and that the balance will be recorded over the next several months.


Chantal Todé covers catalog and retail news and BTB marketing for DM News and DM News.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.

Copyright © 2014 Haymarket Media, Inc. All Rights Reserved
This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization.
Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions.