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Sears Roebuck Co

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BUSINESS
October 7, 1999
* Sears, Roebuck & Co. said it named Jeffrey Boyer chief financial officer, replacing Julian Day, who was promoted in September to help Chief Executive Arthur Martinez turn the company around. Boyer, 41, has been the retailer's controller since 1998. Sears hasn't yet named a new controller.
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BUSINESS
August 22, 2001 | DAVE CARPENTER, ASSOCIATED PRESS
Sears, Roebuck & Co. is changing its image again in the latest effort to rev up sluggish sales, ditching its focus on discount prices in a new advertising campaign emphasizing its wide variety of goods. The multimillion-dollar message: Shoppers can find most anything under one roof at Sears. The switch in pitches comes at an important time for the nation's No. 4 retailer, hamstrung by a tightened economy as it tries to keep from losing more ground to discounters such as Wal-Mart Stores Inc.
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BUSINESS
May 10, 2001 | GREG JOHNSON, TIMES STAFF WRITER
Sears Roebuck & Co. in July will begin gutting the first three floors of its former catalog distribution center in Boyle Heights, clearing the way for the economically depressed neighborhood's first major retail development in decades, company officials said Wednesday. The 250,000-square-foot store, scheduled to open August 2002, will replace an aging store in Boyle Heights that last received a major face lift during the 1970s.
BUSINESS
June 18, 1999 | Times Staff and Wire Reports
Fashion-Conscious: Sears, Roebuck & Co. said it will introduce a new advertising campaign in August as part of a marketing plan to boost clothing sales. The campaign is being jointly created by Ogilvy & Mather and Young & Rubicam Inc., both based in New York, and will be launched in early fall, Sears said. The ads will tell consumers about Sears' updated fashions that it's selling at lower prices.
BUSINESS
April 14, 1993 | From Times Staff and Wire Reports
Investment Groups Reportedly Want Coldwell Banker: A management team and two investment groups are reportedly negotiating to buy Coldwell Banker Residential Services, the home sales operation that retailing giant Sears, Roebuck & Co. put up for sale last year. Boston-based Bain Capital and Acadia Partners--a Ft. Worth, Tex., investment group that includes billionaire Robert Bass--would provide financial backing for the acquisition, according to a report in Crain's Chicago Business.
BUSINESS
December 6, 1990 | From Reuters
Sears, Roebuck & Co., the nation's No. 1 department store chain, said Wednesday that it has told its salaried staff members that their pay next year will be frozen at present levels. The freeze, which the company said will be reviewed as conditions warrant, is part of a companywide cost-reduction program and affects about 20,000 employees. Sears' sales have been under pressure in recent months.
CALIFORNIA | LOCAL
January 19, 1999
Sears Roebuck & Co. has leased 15,000 square feet of office space in the Pacific Business Center in Chatsworth for its 90-member regional sales center staff. Scott Caswell of Delphi Business Properties, representing the landlord, Northeast Valley Industrial Park, said Class A construction, major street visibility and fiber optics were key to brokering the $1.6-million lease.
BUSINESS
April 13, 2001 | ABIGAIL GOLDMAN and LESLIE EARNEST, TIMES STAFF WRITERS
A sinking stock market and rounds of pink slips scared consumers away from stores in March, retailers said Thursday, making it the slowest month in an already sluggish year. The numbers also triggered a number of sellers to lower first-quarter profit expectations. Sears, Roebuck & Co., Federated Department Stores Inc., teen clothier Pacific Sunwear of California Inc. and even industry giant Wal-Mart Stores Inc. each warned Wall Street that earnings were likely to disappoint.
BUSINESS
March 27, 2001 | Associated Press
Sears, Roebuck & Co. plans to buy 18 former Montgomery Ward department stores and 10 auto centers from the bankrupt retailer. The stores to be purchased include one in Huntington Beach and three in Northern California. Sears plans to convert four of the Ward's locations to Great Indoors stores, Sears' remodeling and decorating retail concept. Fourteen of the former Ward's locations will be converted to Sears stores, with Sears Auto Centers attached to three of those stores.
BUSINESS
March 24, 2001 | Bloomberg News
Exide Corp. pleaded guilty to fraud conspiracy charges and will pay a $27.5-million fine over five years to end a U.S. criminal investigation into auto battery sales to former customer Sears, Roebuck & Co. The government investigated charges that the company manufactured a defective product that didn't meet the standard for DieHard batteries.
BUSINESS
October 7, 1999
* Sears, Roebuck & Co. said it named Jeffrey Boyer chief financial officer, replacing Julian Day, who was promoted in September to help Chief Executive Arthur Martinez turn the company around. Boyer, 41, has been the retailer's controller since 1998. Sears hasn't yet named a new controller.
BUSINESS
August 18, 1999 | From Staff and Wire Reports
Sears, Roebuck & Co. plans to show consumers its harder side this fall in a much-anticipated advertising campaign intended to boost sales and change its stodgy image. After months of watching customers flock to more affordable discount stores, the world's second-largest retailer is ditching its "softer side of Sears" slogan in favor of a more value-focused tag: "The Good Life at a Great Price. Guaranteed. Sears."
BUSINESS
June 18, 1999 | Times Staff and Wire Reports
Fashion-Conscious: Sears, Roebuck & Co. said it will introduce a new advertising campaign in August as part of a marketing plan to boost clothing sales. The campaign is being jointly created by Ogilvy & Mather and Young & Rubicam Inc., both based in New York, and will be launched in early fall, Sears said. The ads will tell consumers about Sears' updated fashions that it's selling at lower prices.
BUSINESS
May 15, 1999 | NANCY CLEELAND, TIMES STAFF WRITER
An extensive Labor Department investigation found hundreds of violations of child labor laws at Sears, Roebuck & Co. stores, primarily involving teens running machinery considered too dangerous for their age. Sears has agreed to pay a $325,000 fine, conduct periodic audits and implement a corporate-wide training program for managers. Parents of teenage employees also will be given information on child labor and safety laws.
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