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Sears Holdings recognizes Damco as a top supplier
New York -- Damco announced it has been named a 2012 Partner in Transformation for Sears Holdings Corp. in recognition of its innovative contributions to Sears. Damco is a leading third-party logistics provider specializing in customised freight forwarding and supply chain solutions.
Sears grants the Partners in Transformation award to a select group of supplier companies who have been helping support the transformation of the company through innovation around customers, core retail excellence and financial and operational discipline.
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Best Buy founder offers $8.8 billion to buy out company
Best Buy founder and former chairman Richard Schulze on Monday offered to buy the struggling retailer and take it private for as much as $8.8 billion. Schulze said he would offer Best Buy shareholders between $24 and $26 for each of their shares in the chain, according to a letter sent to the board that he made public.