Sears Merchandise Group Tuesday announced plans for full implementation of Electronic Data Interchange (EDI), linking Sears with more than 5,000 primary suppliers. EDI is an electronic method of ...communicating business documents between companies. Michael Bozic, chairman and chief executive officer, said Sears plans to aggressively expand EDI "because the benefits are so important to both Sears and our suppliers. We believe that EDI will help Sears and all its trading partners become more efficient, reduce transaction costs and improve customer service. (excerpt)
E. Jackson Smailes was named president and acting CEO of Hills Stores Co, succeeding Michael Bozic, who resigned after Dickstein Partners Inc won a proxy fight for control of the retailing chain.
Sears Merchandise Group Tuesday announced plans to move its catalog headquarters organization to a Sears-owned building in Skokie, Ill. Michael Bozic, chairman and chief executive officer of Sears ...Merchandise Group, said the relocation to 7447 Skokie Blvd. is "a cost-effective move and an opportunity to meet the catalog organization's needs as a separate business." Initially, some 650 catalog advertising and merchandising employees will move from Sears Tower between Aug. 1 and Sept. 15. Other parts of the catalog organization are expected to move later this year or early next year to the Skokie building and another location, Bozic said. (excerpt)
Sears, Roebuck and Co. (NYSE: S) Tuesday announced that it will open 110 Brand Central home appliance/electronic superstores-within-stores during the next 30 days. The stores will be in Indiana, ...Kentucky, Michigan, New York, Ohio, Pennsylvania and West Virginia. Michael Bozic, chairman and chief executive officer of Sears Merchandise Group, said the first of the new Brand Central superstores will open April 6, in the Akron, Cleveland, Columbus, Dayton, Detroit and Pittsburgh markets, with additional openings to follow in the Buffalo and Cincinnati markets. (excerpt)
Sears, Roebuck and Co. Wednesday unveiled a new children's "superstore within a store" in Merrillville. Called "Kids & More," it is a complete collection of distinctive shops with more than 70 ...national brand names in apparel, shoes, toys, infant furniture and accessories as well as such Sears brands as Winnie-the-Pooh, McKids and Toughskins. National brand names include Bugle Boy, Dockers, Hush Puppies, LeTigre, Levi, Reebok and Rothschild. Kids & More, which occupies 25,000 square feet of space in Sears Southlake Mall store, also includes maternity clothes and nursery needs for the mother. (excerpt)
Sears, Roebuck and Co. will roll back prices on more than 50,000 items next week, it was announced Thursday. Michael Bozic, chairman and chief executive officer of Sears Merchandise Group, said ...everyday low prices will be established in all Sears retail stores and catalogs effective Wednesday, March 1. Bozic said "the biggest change in the company's history" will require more than 800 Sears stores to close for 42 hours -- from 6 p.m. Monday, Feb. 27, until noon Wednesday, March 1. This time will be used for taking inventory, repricing, setting up new displays and signing. (excerpt)
Levitz Furniture Inc named Michael Bozic, the former CEO of Hills Stores Co, as chairman and CEO, effective immediately. Bozic succeeds George H. Bradley, who had served as interim CEO for the past ...five months. On Nov 3, 1995, shares of Levitz closed at $3.875, up $0.75, or 24%.
Why Sears Faces Major Layoffs Waldstein, Peter D
Crain's Chicago business,
03/1989, Letnik:
12, Številka:
10
Journal Article
While public attention focuses on last week's dramatic debut of everyday low prices at Sears, Roebuck and Co., the retailer is completing an operations study that likely will point the way toward ...substantial layoffs this spring. Michael Bozic, chairman of Sears' Merchandise Group, recently disclosed that a team of the company's executives for two months has been studying a reorganization of Sears' sprawling field bureaucracy. The field includes some 350,000 employees among 24 regions that operate Sears' 824 stores. (excerpt)
INDIANAPOLIS-If Sears, Roebuck and Co. succeeds in selling name-brand appliances and electronics, name-brand goods throughout the store will become the new Sears gospel. Last week, Sears unveiled its ...first 13 Brand Central name-brand appliance and electronics departments here, modeled after the so-called superstores that sell leading national brands at sharply discounted prices. Speaking at the kick-off press conference, Michael Bozic, chairman and CEO of Sears Merchandise Group, repeatedly emphasized the retailer's newfound commitment to selling the brand names that consumers demand, not the private- label products that Sears has traditionally brought to market. (excerpt)
Ed Brennan, the energetic and cocksure chairman of Sears, Roebuck and Co., exuded confidence as his guests arrived for a breakfast meeting one morning last February. Gathered in a private Sears Tower ...dining room were a dozen of the company's largest institutional shareholders -- representatives of a constituency that controls 53% of the company's common stock. While analysts and portfolio managers sipped coffee, Mr. Brennan began a brief presentation. The Free World's largest retailer stood poised for a long-awaited turnaround, he proclaimed. Despite past, unsuccessful counterattacks against specialty and discount merchants, there would be no more false starts, he pledged. Success lay just around the corner. (excerpt)
