Closed Photo from past conference courtesy of People to People, Inc. Prior to his current position, Dr. Anteneh Habte, MD Dr.
Canadian Press December 17, Ten months after taking over, the company licensed by Sears to provide home installed products and service is in receivership.
About half of the affected employees - — work in Ontario and include sales associates, installation specialists, inspectors, managers and office assistants, among others. Customers who have made deposits with Sears Home Services for home installed products are being asked to call and leave a message to learn what will become of their money.
Sears Canada spokesman Vince Power said in an email that the company is working with PwC Canada, which is handling the receivership, to ensure that customers are looked after and that all Sears Home Services warranties are honoured.
But the anticipated volume of revenue never approached the amounts represented and by late September SHS was experiencing significant liquidity issues, according to the affidavit by Clements.
It wasn't supposed to turn out this way. In January, Sears Canada Inc. Sears and Alaris Income Growth Fund are the only two secured creditors. The remaining 17 pages of unsecured creditors range from individuals to Bell Canada to roofing companies and the City of Ottawa. Former Sears CEO Mark Cohen, who is now a professor of marketing at Columbia Business School, said that when he left the company init was profitable across all divisions, including home services.
It prospered at Sears in no small measure because of the leverage from reputation and a large parent company," said Cohen. By Becky Schlikerman, Sandra, Guy, and Fran Spielman Chicago Sun-Times December 18, On the heels of closing dozens of schools, Chicago Public Schools is moving its headquarters to smaller offices, in the same building that currently houses Sears' flailing flagship store off State Street, raising questions over its future, the Chicago Sun-Times has learned.
CPS will move next year from S. Clark, where it has been sinceto the first three floors at 1 N. Dearborn, CPS officials said. Sears Holdings declined repeatedly to comment on whether it is moving from 2 N.
State -- which is in the same building -- or more broadly, about its future in downtown Chicago. Spokesman Howard Riefs said in a statement: Meanwhile, CPS is looking toward the move, which comes on the heels of the district's closing of a record number of schools. The Chicago Board of Education is anticipated to take up the move on Wednesday.
Officials say moving will save tens of millions of dollars over time. CPS officials have been looking at downsizing the central office since spring.Media Influence in Society Media plays an important role in our every day lives.
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