Decision Making / FIN 554 Professor Greg Garay January 17‚ 2006 Table of Contents Abstract 3 Strategic Financial Management ..4 Working Capital Management .4 The Kmart Corporation Debacle ..5 Long-Term and Short-Term Strategies .. 6 Financial Performance . 7 To Merge or Not to Merge ...7 Reasoning for the Merger
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Plan to Rescue Sears BACKGROUND Edward Lampert purchased Kmart in 2003 and Sears‚ Roebuck& Company in 2004 when they were almost bankrupt. Sears holdings have been operating both Sears and Kmart stores since 2004. According to factSet‚ sears holdings had cash and short-term investments of about 2.09 billion dollars since its creation until January 2011. In mid-January 2011‚ a report by national retail federation stated that the sales of Kmart dropped by 4.4%‚ and this placed Sear Holding at a state
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emotions and impulses rather than information. Companies usually do this by appealing to ideas of prestige‚ sex‚ humor‚ or by using a celebrity to endorse a product. An example of a peripheral route of persuasion can be seen in the Kmart commercial “Ship My Pants.” Clearly‚ Kmart is alerting customers that they now offer shipping on their online website‚ but they appeal to the customer’s emotions through this commercial by playing on the idea of humor. This commercial was found controversial and was pulled
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female models depicting a body image that very few people can achieve. Sears/Kmart advertising campaign varies drastically from Abercrombie & Fitch because their target market is drastically different. Sears/Kmart target markets are for the parents of the world. Sears & Kmart are still doing print ad directly mailings along with running TV commercials. And coupons are still an advertising technique that both Sears and Kmart use to entice people to visit their stores. Sears’ ads often feature tools
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Executive Summary With only 30% of its sales coming from dollar items‚ Dollar General is competing on a larger scale with more known product brands. Educating the consumer in order to change their perception of dollar stores will increase sales and generate larger average dollars spent by a customer. Increasing advertising about Dollar General’s brand-named products will help educate consumers and change their perceptions. Datamonitor reported consumer’s worry that Wal-Mart threatens local businesses
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Horizontal merger would be the Kmart Corporation as they are in direct competition. Kmart is listed as the 3rd largest discount retail chain behind Walmart and Target. Kmart has struggled in the last 10 years with re-invention‚ re-modeling‚ bankruptcy‚ and the successful utilization of Sears stores after their merger with Sears/Roebuck Corporation. One adversity that could be face is that though Kmart has experienced struggles as of late the merger between Target and Kmart could be viewed still as a
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Personal Worldview Part I: basic assumptions about the organizational world and how it works The global economic processes provide both prospects and challenges to a newly formed organizational system. To be a successful manager‚ one needs to put a strong emphasis on the global and world-centric context of the organization and take these factors into consideration when implementing new policies and practicing leadership in the affiliated organization. The organizational world has become more complex
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Question 1 Hank Paulson played a critical role in the financial crisis of 2008. How did Mr. Paulson help create the environment that led up to the financial crisis? What mistakes did he make as Secretary of Treasury when he had to manage the financial crisis of 2008? Do you think Mr. Paulson acted as an unbiased Secretary of the Treasury or did his background at Goldman impact his thinking and his actions? As Secretary of Treasury‚ Hank Paulson’s lax supervision let too many subprime mortgage
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and gardens‚ home electronics‚ and automotive repair. The company has exclusive rights to brands‚ such as Kenmore‚ Craftsman‚ and Jaclyn Smith line of clothing in addition to other commodities (Sears Holdings Corporation‚ 2007). The merger between Kmart and Sears was finalized on March 24‚ 2005‚ creating the Sears Holdings Corporation. Sears Holdings will operate both companies and continue to market products under both companies (Sears Holdings Corporation‚ 2007). Organizational Structure Alignment
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Retrieved on February 19‚ 2012 from http://www.retailright.ca/samplereport.htm Chen‚ Y Green‚ J. (2007). Technology Advances in Retail: Improving Margins using Wireless Networks. Aruba Networks Konicki‚ S. (2002‚ January 28th). Now In Bankruptcy‚ Kmart Struggled With Supply Chain. The information Week Patterson‚ M. (2009). The Impact of E-Commerce on Traditional Retailers. Retrieved February 19‚ 2012 from http://cardinalscholar.bsu.edu/bitstream/handle/191978/1/P38_2009PattersonMeghan.pdf Rama
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