Kmart: A Chronology 1897 — Sebastian Kresge and John McCrory open "five-and- dime" general merchandise retail stores in Detroit and Memphis.

Slides:

Advertisements

Similar presentations

Chapter 3 Working With Financial Statements

Advertisements

SEC Announces Fraud Charges Against Former Rite Aid Senior Management June 21, 2002.

How to Compete & Thrive in a Walmart World Michael Bergdahl International Speaker, Author & Turnaround Specialist Quito, Ecuador “Picking Walmart’s P.O.C.K.E.T.S”

Unit 2 – Finance Topic 1 - Accounting

Market Update and Debt Portfolio Review Sacramento Transportation Authority April 9, 2009 Presented by: Public Financial Management Inc. 50 California.

Avon Products Bribery Scandal in China

An Overview of Corporate Financing Principles of Corporate Finance Seventh Edition Richard A. Brealey Stewart C. Myers Slides by Matthew Will Chapter 14.

National Presto Industries, Inc. Recommendation: Accumulate PRESENTED BY JOE NIEHAUS.

CHAPTER 12. Chapter 12Mugan-Akman Forms of Business Organizations Sole Proprietorship-natural person merchant General Partnership Limited Partnership.

McGraw-Hill/Irwin 14-1 © The McGraw-Hill Companies, Inc., 2005 Long-Term Liabilities Chapter 14.

1 Financial Accounting: Tools for Business Decision Making, 4th Ed. Kimmel, Weygandt, Kieso CHAPTER 1 Prepared by Dr. Joseph Otto CSLA.

Analyst: Gina Tedesco & Morgan Phillips October 29, 2009.

Exercise Write the percent formula. percent x whole = part.

Copyright by Paradigm Publishing, Inc. INTRODUCTION TO BUSINESS CHAPTER 16 Financing.

©2008 Pearson Prentice Hall. All rights reserved. 3-1 Accrual Accounting & Income Chapter 3.

© 2001 Prentice Hall Business Publishing Financial Accounting, 4/e Harrison and Horngren 10A-1 CHAPTER 10 Part A Accounting for Long-Term Investments and.

CAHF CEO Conference May 31, Genesis HealthCare Overview “Go Private” Transaction Overview OPCO/PROPCO – REIT Transaction Questions and Answers Today’s.

Copyright © 2011 Pearson Prentice Hall. All rights reserved. Chapter 1 The Corporation.

MANAGEMENT DECISIONS AND FINANCIAL ACCOUNTING REPORTS Baginski & Hassell.

Review Unit contribution, margin and markup Fixed vs. variable costs Problems with cost-plus pricing (e.g., Death Spiral).

Module 8 Reporting and Analyzing Nonowner Financing.

Investment In business, the purchase by a producer of a physical good, such as durable equipment or inventory, in the hope of improving future business.

VALUE FOR MONEY STRATEGY Presented by: Rashmi Tak.

CHAPTER 3 Financial Statements, Cash Flow, and Taxes

Statement of Cash Flows

11-1 Corporations: Organization, Stock Transactions, and Dividends 11.

1 Chapter 9 Stockholders’ Equity. 2 Learning Objective 1 Explain the advantages and disadvantages of a corporation.

Chapter 13 Fundamentals of Corporate Finance Fourth Edition An Overview of Corporate Financing Slides by Matthew Will Irwin/McGraw Hill Copyright © 2003.

11-1 Corporations: Organization, Stock Transactions, and Dividends 11.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved Chapter Thirteen: Statement of Cash Flows.

Copyright 2003 Prentice Hall Publishing Company 1 Chapter 9 Special Acquisitions: Financing A Business with Equity.

Corporate Financing & Personal Investing. Terms for this chapter Bond Callable bond Common stock Convertible bond Cumulative preferred stock Diversification.

Wal-Mart Stores Inc. FFA English I Presentation by Alexander Schmidt

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin STATEMENT OF CASH FLOWS Chapter 13.

1 Patrick Burke Elvina Mintarno Alex Kreter Peter Shepard Lindsay Meck Peter Zaroulis Not a Buy.

BELLWORK 1. List three factors that contributed to economic growth in the 1920’s. 2. How were the post-WWI economies of Canada and Latin America similar?

Publix Supermarkets Brandon Zaiter ACG 2021 Sec 004.

Chapter 13 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.

Koji – Clint – Antonio – Jeannette – Rhodora – Brittany.

20 Cash Flow Statement Lecturer Assoc. prof. M.V. Leleka.

Financial Accounting, Seventh Edition

BUSINESS PLAN EVALUATION: KMART Steve Horbachuk, Karen Huang, Dusan Ivanovic, and Michael Spooner MGT310 4/13/2008.

A customer-driven distributor of consumable basics Credit Suisse First Boston June 17, 2003 New York, NY Dollar General Corporation……. Serving Others.

1 1. Know the difference between a simple and a complex capital structure, and understand how dilutive securities affect earnings per share computations.

7 - 1 © 2005 Accounting 1/e, Terrell/Terrell Using Analytical Review for Internal Financial Decisions and Planning for Cash Chapter 7.

SECOND QUARTER 2004 EARNINGS John A. Luke, Jr. Chairman and CEO James A. Buzzard President Peter H. Vogel, Jr. Interim Principal Financial Officer July.

9-1 Financing Activities Electronic Presentation by Douglas Cloud Pepperdine University Chapter F9.

Financial Accounting Fundamentals John J. Wild Third Edition John J. Wild Third Edition McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies,

AMAZON OVERVIEW Founded in 1994; Started selling books online and now operate Web sites that offer various products and services, which include: music,

Discount Retailers Presented by: Kent Hart Greg Godwin Tim Munyon.

American Eagle Update Presented James Charehsazen Mike Delaney Robert Don Kerri Lin Dave Zydek Recommendation: Hold.

14- 1 Fundamentals of Corporate Finance Sixth Edition Richard A. Brealey Stewart C. Myers Alan J. Marcus Slides by Matthew Will Chapter 14 McGraw Hill/Irwin.

+ Enron the Unsinkable Ship Nancy Vazquez. + Overview Describe the concept of ‘Creative Accounting’. How the unsinkable ship was sunk to the bottom of.

© 2006 Prentice Hall Business Publishing Introduction to Financial Accounting, 9/e © 2006 Prentice Hall Business Publishing Introduction to Financial Accounting,

©2006 Prentice Hall Business Publishing Financial Accounting, 6/e Harrison/Horngren 1 Current and Long-Term Liabilities Chapter 8.

1 Know Thy Company! James Hurt Cincinnati Model Investment Club.

Prepared by: C. Douglas Cloud Professor Emeritus of Accounting Pepperdine University Chapter 11 Corporations: Organization, Stock Transactions, and Dividends.

092SIS97 So yoon, Jang 092SIS94 Ko eun, Lim.  About Lehman  Background - Breakup Process  The bankruptcy filing  Causes of Lehman’s bankruptcy  Lehman’s.

FINANCIAL ANALYSIS BY EBBONY PAGE. Overview  History of Organization  CEO & Mission Statement  Products and Services  Current Events  Horizontal.

Sean Bishun Thomas Navarra John Shagan Mark Syku.

Slide 13-2 CHAPTER 13 Statement of Cash Flows Learning objective 1: Explain the need for the statement of cash flows and identify the three types of.

Cash Flow Statement This module provides an introduction to the cash flow statement, one of the essential financial statements. We’ll show how to create.

Chapter 4 Bond Valuation.

Baugur Group hf. Presentation for Investors January 13th 2003

12 Shareholders’ Equity © 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or.

Merchandising Activities

Chapter 1 The Corporation

MANAGEMENT DECISIONS AND FINANCIAL ACCOUNTING REPORTS

Mitch Johnson & Chelsi Nahrgang

Stock Buybacks Bite Back

Presentation transcript:

Kmart: A Chronology 1897 — Sebastian Kresge and John McCrory open "five-and- dime" general merchandise retail stores in Detroit and Memphis.

Kmart: A Chronology 1899 — Partners split and Kresge founds S.S. Kresge Company in Detroit area.

Kmart: A Chronology 1912 — The company is incorporated as S.S. Kresge Co.

Kmart: A Chronology By the 1950s, Kresge is one of the largest general-merchandise retailers in the United States.

Kmart: A Chronology 1962 — Kresge opens first Kmart discount store in Detroit.

Kmart: A Chronology 1977 — The company name is changed to Kmart.

Kmart: A Chronology — Kmart adds several lines to its business including Walden Book and Builders Square in 1984, Payless Drugstores Northwest in 1985, PACE Membership Warehouse in 1989, The Sports Authority in 1990, a 90% stake in OfficeMax in 1991, and Borders bookstores in 1992.

Kmart: A Chronology — Kmart has brush with bankruptcy amid falling earnings. Kmart sells or spins off OfficeMax, The Sports Authority, Pace and Borders. More than 200 stores closed and Chief Executive Joseph Antonini, architect of the diversification strategy, is replaced by Floyd Hall.

Kmart: A Chronology 1997 — Kmart launches Martha Stewart bed and bath product line — Kmart acquires 45 former Venture stores and converts them to Big Kmart stores.

Kmart: A Chronology 1999 — Kmart signs pacts with Supervalu and Fleming Companies to distribute groceries in all stores nationwide; begins $1 billion stock repurchase program; launches online bluelight.com venture.

Kmart: A Chronology July 2000 — CEO Charles Conaway announces restructuring plan aimed at making stores, inventories and information systems more productive. Some 72 stores are closed, affecting about 5,000 employees.

Kmart: A Chronology August 2001 — Kmart cuts prices on 30,000 items in bid to compete with Wal-Mart. Company posts a fiscal second-quarter loss of $22 million and cites pricing pressures.

Kmart: A Chronology September 2001 — Kmart announces plans to shut several distribution centers to improve flow of goods from warehouses to stores.

Kmart: A Chronology Oct. 11, 2001 — Kmart September same-store sales fall 1.8%.

Kmart: A Chronology Nov. 8, 2001 — Kmart October same-stores sales fall 4.4%.

Kmart: A Chronology Nov. 27, 2001 — Kmart reports loss of $224 million on lower sales for its fiscal third quarter ended Oct. 31, citing reduced advertising and charges from measures taken to overhaul its method of shipping goods to its stores.

Kmart: A Chronology Dec. 6, 2001 — Kmart November same- stores sales fall 2.6%

Kmart: A Chronology Dec. 14, 2001 — Moody's cuts Kmart debt covering $4.7 billion to "junk" status based on lower-than-expected sales.

Kmart: A Chronology Jan. 2, 2002 — Prudential Securities analyst Wayne Hood recommends selling Kmart stock and says he would not be surprised at bankruptcy filing if trends do not improve.

Kmart: A Chronology Jan. 10, 2002 — Kmart reports December same-store sales fell 1%, warns that earnings will be below expectations and discloses it is in talks with lenders on supplemental financing. Kmart stock closes at $4.20.

Kmart: A Chronology Jan. 11, 2002 — Moody's cuts Kmart debt rating again. Kmart stock closes at $3.30.

Kmart: A Chronology Jan. 14, 2002 — Kmart board of directors begins meeting to discuss its financial options, including bankruptcy. Moody's and S&P both cut Kmart debt ratings again.

Kmart: A Chronology Jan. 15, 2002 — Board of directors continue meeting. S&P says it is dropping Kmart from its index of 500 top stocks. Kmart stock closes at $2.45.

Kmart: A Chronology Jan. 16, 2002 — Moody's and S&P again cut Kmart debt ratings. Kmart bonds slide to levels that signal bankruptcy filing could be imminent. Company keeps silent on plans. Kmart stock closes at $1.60.

Kmart: A Chronology Jan. 17, 2002 — Kmart breaks a week of silence to announce it has ousted President Mark Schwartz, and named director James Adamson as chairman. Conaway remains CEO. Company also says it is reviewing its liquidity position and talking to lenders about financing.

Kmart: A Chronology Jan. 21, 2002 — Fleming Companies, Kmart's sole grocery products supplier, suspends shipments to the retailer after it failed to make its regular weekly payment. Moody's again downgrades the long-term rating for Kmart debt to low junk.

Kmart: A Chronology Jan. 22, 2002 — Kmart files for Chapter 11 bankruptcy protection.