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Macy’s, Inc. Offers $400 Million in Notes to Raise Capital

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Cincinnati—In a move that would increase capital and reduce debt, Macy’s, Inc. announced Tuesday a $400 million public offering of 10-year senior unsecured notes due 2023 by its wholly-owned subsidiary, Macy’s Retail Holdings, Inc. Macy’s Retail Holdings will use the net proceeds for “general corporate purposes, which may include working …

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Sears Appoints New Merchandise Chief for its Sears, Kmart Stores

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Hoffman Estates,IL—Sears Holdings announced today that Ron Boire will become executive vice president, chief merchandising officer and president, Sears and Kmart formats. Boire comes to Sears Holdings from Brookstone, Inc. where he was president and chief executive. In this new role, Boire will lead merchandising and retail stores for both …