Paul Swinand News
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Mark Cohen, who teaches at Columbia University’s business school in New York, is a former chairman and chief executive officer of Sears Canada. Don’t get him started on Eddie Lampert, the chief executive officer and majority owner of Sears Holdings Corp.
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J.C. Penney Co.’s new home department is like Technicolor Oz plunked down in black-and-white Kansas.
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KKR & Co., the buyout firm weighing an investment in Saks Inc., may need to get creative to extract more value from what’s already the most expensive U.S. department-store stock.
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Collective Brands Inc., owner of the Payless ShoeSource chain, may lure private equity buyers as it trades at a 76 percent discount to its sales.
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Lance Armstrong may lose as much as $200 million in future earning potential, more than the wealth he accumulated in a championship cycling career now gutted by revelations of doping.
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Lance Armstrong said he cheated by using drugs through a record run of titles in cycling’s biggest race and probably forced other athletes to follow his lead.
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J.C. Penney Co. Chief Executive Officer Myron Ullman received a $1.75 billion loan commitment from Goldman Sachs Group Inc. and has been raising some prices as he works to stanch the retailer’s cash drain.
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Macy’s Inc., Gap Inc. and Target Corp. led U.S. retailers to the biggest monthly same-store sales gain in more than a year as shoppers snapped up discounted merchandise chains were clearing out after the holidays.
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In the years before the recession, private-equity firms put so much faith in the future of U.S. brick-and-mortar retailers that they spent $36 billion on them.
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John Wilcockson, who has been to 44 consecutive Tours de France and wrote six books about Lance Armstrong’s victories, counts himself among those taken in by the confessed doping cheat.
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