W. Bruce Johnson was appointed in 2008. (Sears handout)
Sears Holdings Corp. interim Chief Executive W. Bruce Johnson saw his compensation package rise 250 percent to $5.3 million last year, according to a proxy the Hoffman Estates-based company filed with the Securities and Exchange Commission.
Johnson, who held the spot until February, received a base salary of $980,000, up 15 percent from the prior year. His stock awards were $4.3 million, up from $663,000. Get the full story »
Wal-Mart plans to bring back some of the products it has dropped. (Reuters)
Wal-Mart Stores Inc. will launch a promotional campaign next month called “It’s Back,” to tell core customers the discounter is restoring merchandise it removed from store shelves in a flubbed renovation effort.
Starting in May, Wal-Mart shoppers in the U.S. will see signs in stores heralding the return of fishing tackle, bolts of fabric and other “heritage” merchandise that Wal-Mart reduced or cut out altogether as it attempted to spruce up its stores to appeal to more well-heeled shoppers. Get the full story »
From Crain’s Chicago Business | Hoffman Estates-based Sears Holdings Corp. is closing a St. Charles store and laying off workers, making the retailer one of six Illinois companies planning a total of 505 job cuts in coming months. Meanwhile, J.C. Penney Co. said it will close its store at Springhill Mall in West Dundee in June, leaving 139 employees without jobs.
A nurse practitioner checks a patient at the Minute Clinic on N. Southport in Chicago. (Nuccio DiNuzzo /Chicago Tribune)
Advocate Health Care, the state’s largest provider of medical care, has signed with CVS Caremark Corp. to provide medical directors and related clinical expertise to the pharmacy giant’s nearly two dozen retail clinics in Illinois.
The agreement calls for CVS’ 23 MinuteClinic brand clinics in the Chicago area and Bloomington, and Advocate, which operates 10 hospitals in Illinois, to work together on a variety of protocols in a more robust relationship between the traditional provider of inpatient and outpatient medical care and a retail clinic. Financial terms were not disclosed. Get the full story »
From The Chicago Sun-Times | A federal appeals court has ruled that retail giant Wal-Mart was within its rights to fire a Joliet store employee who told a lesbian co-worker that she would go to hell because God does not accept gays, and that the dismissal was not religious discrimination.
Los Angeles-based retailer American Apparel Inc. warned that it could seek Chapter 11 bankruptcy protection, or even be forced to liquidate under Chapter 7, as its financial woes deepen. Get the full story »