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Turnover in Sears’ CFO suite continues
Sears Holdings has a new finance chief — again. The struggling retailer announced that Rob Riecker, currently controller and head of capital market activities, has been appointed CFO, effective immediately. He replaces Jason Hollar, who resigned “to pursue another career opportunity,” the retailer said. Hollar was appointed to the role in October 2016. -
Luxury department store retailer takes on more debt
Neiman Marcus’ debt burden just got heavier. The luxury retailer will make interest payments over the next six months with new debt to preserve its cash and bank line of credit. Instead of making a current $29 million cash interest payment on $600 million notes due in 2021Neiman Marcus will issue more bonds to holders to cover the 9.5% interest, the Dallas News reported.

