BNET Industries
Last Fiscal Year Sales:$17.5M
- Private
- US
Dow Jones Description
USA nationwide retailer featuring everything from clothing to electronics to sporting goods.
Number of Employees 174
Peer Companies
NAICS Code Department Stores (except Discount Department Stores): 452111
Recent Events
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Retail stocks mixed as Sears posts surprise loss
News & Analysis
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acquisition and k mart - All News and Analysis
Hilco Retail Acquisitions Business Unit Launched; Former Kmart Executive, Mike Lynch, Leads New Retail Business Acquisition Initiative in North America
NORTHBROOK, Ill. -- Jeffrey B. Hecktman, Chairman and CEO of The Hilco Organization, announces the formation of Hilco Retail Acquisitions, LLC ("HRA"). The company seeks to acquire small to mid-size retail companies with multiple store locations, based in North America, with specific brand recognition and a demographic need for their...
Suppliers, vendors watching how deal will affect them.(News)(Kmart acquisition of Sears, Roebuck)
Byline: Andrew Dietderich, Brent Snavely When Kmart Holding Corp. announced plans to acquire Sears, Roebuck & Co. on Wednesday, suppliers and vendors immediately began speculation as to how they might be affected. Most said it was too early Byline: Andrew...
Hampton, Va., experts say Kmart's acquisition of Sears could be winner or loser.
By Jody Snider, Daily Press, Newport News, Va. Knight Ridder/Tribune Business News By Jody Snider, Daily Press, Newport News, Va. Knight Ridder/Tribune Business News
Troy, Mich.-Based Music Distributor Fights Storms, Posts Record Revenue.
By Greta Guest, Detroit Free Press Knight Ridder/Tribune Business News Oct. 15--Troy-based music distributor Handleman Co.'s fiscal 2003 had the makings of a disaster: a Securities and Exchange Commission investigation, criminal charges against a former executive, the loss of 300 Kmart...
Legal notes
Capital Factors, Inc. v. Kmart Corporation In re Kmart Corporation, 2003 WL 1868753, April 10, 2003 Opinion ("Critical trade vendor order" in Kmart Chapter 11 held to be inappropriate.) If there were a bankruptcy decision-of-the-month club, the likely winner for April 2003 would be this one. The decision, which has...
Analysts: Kmart acquisition unlikely - Statistical Data Included
TROY, MICH. -- Speculation over Kmart's future has run the gamut, ranging from an emergence from bankruptcy as a leaner, meaner retailer to the less optimistic prospect of outright liquidation. But the scenario that sees Kmart being acquired by another company--a belief that at times was responsible for much activity...
2000 — Retailing in the New Millennium
January * Wal-Mart Stores Inc. and Kmart Corp. announce separate alliances designed to strengthen their positions in the expanding world of Internet-based retailing. Striking first, Kmart reports the formation of a stand-alone E-commerce company, BlueLight.com. The venture, formed in partnership with Softbank Venture Capital and Yahoo! Inc., will provide...
Taking Stock.
McLaren subsidiary plans to buy Dart Machine A subsidiary of McLaren Performance Technologies Inc. (Nasdaq: MCLN) signed a letter of intent for the acquisition of Dart Machine Ltd. Livonia-based McLaren Engines plans to complete the acquisition of th McLaren subsidiary plans to buy Dart Machine A...
Canada's Largest Department Store Retailer Deploys Next-Generation 3Com Network to Support Rapid Growth; 3Com Gigabit Ethernet Solution Helps Ease Acquisition of Kmart Canada Stores
SANTA CLARA, Calif.--BUSINESS WIRE--July 27, 1998--3Com Corporation (NASDAQ:COMS), a leader in providing innovative networking solutions for retail environments, today announced that Hudson's Bay, Canada's largest department store retailer, has deployed a next-generation Gigabit and Fast Ethernet switched network at the company's Toronto headquarters to support new network requirements resulting from...
Central Financial Acceptance Corp. Announces Acquisition of Mission Savings & Loan and Expansion of Kmart Relationship
COMMERCE, Calif.--BUSINESS WIRE--Feb. 12, 1998--Central Financial Acceptance Corp. (Nasdaq:CFAC) Thursday announced that it has entered into a definitive agreement to acquire Mission Savings & Loan Association, a federally chartered savings association based in Riverside, Calif.
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Christopher Krieg | |
| Doug Binder | |
| Hasbro Toys | |
| Howard Blaustein | |
| John C Field | Lead Defence Counsel |
| Jon Beck | |
| Matthew Tennenbaum | |
| William C. Crowley | Officer |
| Willy Wu |
| Organization | Position | Status |
|---|---|---|
| Groen, Kluka & Company | Current | |
| Kmart | Current | |
| Michigan State University | Former |
Doug combines a passion for writing and design with a background in marketing and production into an all-consuming lifestyle of work, work, (play), work. With a career that spans TV, theme parks, corporate events and media production, Doug knows how to inspire an audience with immersive and exciting environments. In recent years he's worked with Microsoft, Intel, IBM, Lucent Technologies, Skechers, Disney, Universal Studios, Time Warner/Six Flags, Nickelodeon, Kmart, Ford/Visteon, Yamaha, MasterCard and American Express. Along the way, Doug produced and directed dozens of award-winning media pieces -- 13 Tellys and Cindys, a dozen international media/keynote tours, numerous product launches, and untold numbers of scripts, proposals, and event environments of all kinds. He began his career assisting on major marketing events for Walt Disney World and Universal Studios Florida where he later worked to develop co-operative television projects in the variety, talk and sports genres. A yen for the big city impelled him to move to Manhattan where he starved, went deep and got creative. He soon freelanced his way across the country, through Las Vegas and to Los Angeles where he now resides.
| Organization | Position | Status |
|---|---|---|
| The Nickelodeon | Current | |
| Disney Co | Current | |
| Universal Studios | Current | |
| Skechers | Current | |
| Yamaha | Current | |
| Kmart | Current | |
| Binderama Creative | Current |
| Organization | Position | Status |
|---|---|---|
| Kmart | Current |
| Organization | Position | Status |
|---|---|---|
| Kurtzman Carson Consultants LLC | Senior Managing Consultant | Former |
| R.H. Macy & Co. | Current | |
| Eastern Airlines | Current | |
| Enron Corp. | Current | |
| Wide Travel | Current | |
| Kmart | Current | |
| Far Co | Current | |
| Ormet Corporation | Current | |
| Bent On Learning | Board of Directors | Current |
| Kurtzman Carson Consultants LLC | Director, Business Dev | Former |
| New York Law School | J.D. | Former |
| Vassar College | Former |
| Organization | Position | Status |
|---|---|---|
| Hicks Morley Hamilton Stewart Storie Llp. | Partner | Current |
| Kmart | Lead Defence Counsel | Current |
| Supreme Court of Canada | Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Columbus Consulting, Inc. | Senior Consultant | Current |
| Big Lots, Inc. | Current | |
| Collective Brands Inc. | Current | |
| Foot Locker, Inc. | Current | |
| Kmart | Current | |
| Polo Ralph Lauren Corporation | Current | |
| Planalytics Inc. | Former |
Matthew Tennenbaum is COO and also directs the firms General Liability and Property Third Party Administration division. Mr. Tennenbaum has over 14 years of Regional and National Account Management and Property/Casualty claims handling experience with manufacturing, distribution, hospitality, real estate management and retail clients including the Navy and large corporations such as EMI, Wal Mart, Kmart, Circuit City and Best Buy. He previously founded the TPA firm Trafalgar Professional Administrators to service the claims handling needs for several Lloyds Syndicates and has led million dollar corporate wide IT project implementations for Business Intelligence, Claims and Litigation Management systems. Mr. Tennenbaum holds multi-state Adjuster licenses and is an accredited Producer. A graduate of West Virginia University, Mr. Tennenbaum earned his BSBA and is working towards an AIC designation.
| Organization | Position | Status |
|---|---|---|
| Inland Marine Adjusters, Ltd | Coo | Current |
| Kmart | Current | |
| Best Buy Co., Inc. | Current | |
| West Virginia University | Bsba and Is Working Towards An Aic Designation. | Former |
William C. Crowley has served as an Executive Vice President of the Company since March 2005 and as our Chief Administrative Officer since September 2005. He also served as our Chief Financial Officer from March 2005 to September 2006 and as interim Chief Financial Officer from January 2007 to October 2007. Mr. Crowley has served as Chairman of the Board of Sears Canada, Inc. since December 2006 and as a director of Sears Canada since March 2005. Prior to the Merger, Mr. Crowley served as Senior Vice President, Finance of Kmart, and had served as an officer of Kmart since 2003. Mr. Crowley is also the President and Chief Operating Officer of ESL Investments, Inc., a private investment firm, and has served in that capacity since 1999. He is a director of AutoNation, Inc.
| Organization | Position | Status |
|---|---|---|
| Sears Holdings Corporation | Executive Vice President & Chief Administrative Officer | Current |
| Kmart | Officer | Current |
| Sears Canada Inc. | Chairman | Current |
| Radio & Records, Inc. | Board of Directors | Current |
| AutoNation, Inc. | Director of the Board | Current |
| AutoZone, Inc. | Board of Directors | Current |
| Procarcare | Board of Directors | Current |
| Investornews.Com | Board of Directors | Current |
| Kmart | Senior Vice President, Finance and Director | Former |
| Goldman, Sachs & Co. | Managing Director | Former |
| Perry Capital LLC | Co-Founder | Former |
| New York University | Professor | Former |
| Kmart | Director | Former |
| New York University | Mba | Former |
| University of Pennsylvania | Former |
Willy has broad experiences in sourcing, merchandising and international trade. He was previously the General Manager of China sourcing office for a leading European fashion retail chain, and had been instrumental in developing company's China strategy, setting up the company, overseeing daily operations, and evaluating and monitoring existing and potential suppliers. For more than 10 years, Willy had been the general manager for Eastern Gateways Shanghai, a subsidiary of Eastern Gateways, in charge of major accounts in garments & accessories. Willy's customer list includes Menards, Target, and Kmart in the US, Eaton, Sears, Zellers, the Bay, Donald Berman Enterprise, and Bio-Lab International in Canada, and Quelle, OTTO, AuChan, and Carrefour in Europe. His sourcing expertise covers a wide variety of merchandise including giftware, home furnishing, apparel, and travel goods. Willy was graduated with a BA in international business administration from the Shanghai Institute of Foreign Trade, and attended MBA program in Marketing at the University of Ottawa, Canada.
| Organization | Position | Status |
|---|---|---|
| Xl Enterprises | Managing Director, Shanghai | Current |
| Kmart | Current | |
| University of Ottawa | Mba Program In Marketing | Former |
Industry Transcripts by Seeking Alpha
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Walgreen Company F1Q10 (Qtr End 11/30/09) Earnings Call Transcript
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Pier 1 Imports, Inc. Q3 2010 Earnings Call Transcript
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Best Buy F3Q10 (Qtr End 11/28/09) Earnings Call Transcript
on Dec 15, 2009about BBY
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Costco F1Q10 (Qtr End 11/22/09) Earnings Call Transcript
on Dec 10, 2009about COST
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