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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chapter 11 and k mart - All News and Analysis
An end to complacency: the 7th Circuit rules against critical vendor payments.).(An end to complacency: the 7th Circuit rules against critical vendor payments.)
The comfort level that credit executives have reached in the last several years regarding "critical vendor" treatment has come to an end. This is the first time this issue has reached the Circuit Court level, and this is the first case of The comfort...
ATTENTION, KMART VENDORS: MEET EDWARD LAMPERT.(appointment, US)(Biography)
NEW YORK-Kmart's emergence from Chapter 11 last week has given the retailer new stock, new financing and a new chairman, hedge-fund investor Edward Lampert. NEW YORK-Kmart's emergence from Chapter 11 last week has given the retailer new stock, new financing and a new...
POST-CHAPTER 11, KMART PLANS A LEANER, MEANER APPROACH.
CHICAGO-Judge Susan Pierson Sonderby approved Kmart's reorganization plan last week, paving the way for the retailer to exit Chapter 11 by May 5. CHICAGO-Judge Susan Pierson Sonderby approved Kmart's reorganization plan last week, paving the way for the retailer to exit Chapter...
KMART HITS CREDITORS SNAG IN CHAPTER 11 EXIT.(Brief Article)
TROY, Mich.-Kmart said it will emerge from Chapter 11 later than expected due to creditors' objections to the retailer's reorganization plan. The chain now expects to exit the week of May 5, as opposed to the original April 30 date. TROY, Mich.-Kmart said...
MARTHA STEWART SAYS IT'S SAFE UNLESS KMART CAN'T EXIT CHAPTER 11.
NEW YORK-Martha Stewart Living Omnimedia said in its annual report last week that its royalty payments from Kmart are enough to "financially insulate" it from any more store closings. But if Kmart is unable to get out of Chapter 11, the com NEW YORK-Martha Stewart Living...
KMART LOOKED AT CHAPTER 11 IN 2001: LETTER.(Brief Article)
TROY, Mich.-Senior Kmart executives considered a bankruptcy filing as far back as July 2001, according to an anonymous letter dated Feb. 15, reported the Detroit News. The discounter didn't file for Chapter 11 protection until Jan. 22. TROY, Mich.-Senior Kmart executives considered a bankruptcy...
Kmart says last year's performance was unacceptable. (International News).(Brief Article)(Statistical Data Included)
The Kmart Corporation has announced its financial results for its 2001 fiscal year, ended 30 January, 2002--eight days after it filed for Chapter 11. The Kmart Corporation has announced its financial results for its 2001 fiscal year, ended 30 January, 2002--eight days after it...
Kmart gets court approval to continue relations. (International News).(with key business partners)(Brief Article)
The US supermarket that earlier this year filed for Chapter 11 (please see Cosmetics International 10 February 2002 edition) has received authorisation from the US Bankruptcy Court of the Northern District of Illinois to continue its successful busin The US supermarket that earlier this year filed...
Kmart begins Chapter 11 reorganization, considers store closings. (Newsmakers).(Brief Article)
At press time, Kmart Corp. had not announced how many of its 2,100 stores it wants to close as part of its Chapter 11 turnaround plans, but analysts speculate it will be in the hundreds. The nation's third-largest discount retailer is expected to rev At press...
KMART HONES STORE OPERATIONS, NAMES 5 DIVISION PRESIDENTS.(Brief Article)
TROY, Mich.-Kmart's announcement last week to restructure into five operations division, while not related to its Chapter 11 filing, is intended to make the company more efficient internally. TROY, Mich.-Kmart's announcement last week to restructure into five operations division, while not related to...
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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 |
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