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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k mart and merger - All News and Analysis
KMART-SEARS MERGER OF 2005
CASE DESCRIPTION
KMART-SEARS MERGER OF 2005
CASE DESCRIPTION
Sears Holdings Purchases DATAllegro Data Warehouse Appliance; 86 Terabyte System to Help Sears Unify Data from Sears and Kmart Merger
SAN FRANCISCO -- DATAllegroTM, supplier of data warehouse appliances that lead the industry in price and performance, today announced that Sears Holdings Corporation has joined the company's rapidly growing customer list. Sears Holdings Corporation purchased an 86 terabyte "C+" Series (high-capacity and high-performance) data warehouse appliance from DATAllegro, as well...
Lampert defends Sears: chairman urges patience eight months into merger.
Hoffman Estates, Ill. -- Sears Holdings' chairman defended tire company's strategy--and berated critics--in a "Message from the Chairman" released by the company alongside third quarter earnings last week. Edward Lampert, who is als Hoffman Estates, Ill. -- Sears...
A year later, and Martha hasn't set foot in Sears; Kmart merger promised cross selling, but retailers aren't sharing brands.(News)(Martha Stewart)
Byline: Mya Frazier Byline: Mya Frazier
SHAKING UP THE RANKS; HFN'S EXCLUSIVE LIST OF THE TOP 150 RETAILERS SHOWS THAT MASS AND SPECIALTY RETAILERS SHINED IN 2004, AS THE LANDSCAPE GETS SET FOR MAJOR MERGERS.
Byline: Barbara Thau NEW YORK-The mega-mass merchants strengthened their market-share dominance in the home furnishings industry last year. Target unseated Sears as the third-largest retailer and Wal-Mart, the number-one home merchant, ramped up category growth. A cross-section of specialty...
Are megamergers turning a blind eye to CRM? New corporate pairings may have little to do with customer strategy.(CRM in mega mergers)
Lost in the latest wave of mega-billion-dollar mergers between companies like AT & T and SBC, and Sears and Kmart, is the evidence that the moves were spurred by a customer-facing strategy. Sears and Kmart have traditionally provided a different Lost in the latest wave...
KMART, SEARS MERGER DONE: NOW COMES THE PURGING.
Byline: Barbara Thau Byline: Barbara Thau
Sears, Kmart merger OK'd.(Briefs)(Sears, Roebuck and Co.)(Kmart Holding Corp.)(Brief Article)
Shareholders of Sears, Roebuck and Co. and Kmart Corp. approved the $12.3-billion merger of the two companies, creating the third-largest U.S. retailer. The new company, to be called Sears Holding Corp. and based at Sears' headquarters in Hoffman Est Shareholders of Sears, Roebuck and Co. and...
WITH MERGER DUE SOON, KMART REPORTS Q4 PROFIT.
Byline: Michael Rudnick Byline: Michael Rudnick
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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