Sears Holdings Corp. reduced its third quarter loss by $190 million helped by lower operating costs from its reduced store portfolio, but it saw no improvement on the revenue side as same-store sales plunged 15.3%.
America's oldest outdoor clothing company has opened its first store in Canada, at Yorkdale Shopping Centre, Toronto, as part of a robust expansion strategy.
On Friday, Frank Lowy, received a knighthood from Queen Elizabeth at Windsor Castle. Today, a company from across the Channel ended his 60-year career as an international mall developer with a multi-billion-dollar sendoff.
The pending $69 billion acquisition of Aetna by CVS could yield valuable lessons for others in the healthcare and drugstore sectors as they seek to forge stronger ties to consumers.
