Around the Net
Sears' Suppliers Worried
- Reuters, Tuesday, October 7, 2014 10 AM
Suppliers of products to retailers sometimes buy insurance to guarantee they will be recompensed for shipments. But those insurers and banks, worried about Sears' downward spiral, are raising the cost of guaranteeing payment to the chain's vendors as the company heads into the key holiday season. It comes in the wake of the retailer's efforts to raise about $1.45 billion, including from CEO Eddie Lampert's hedge fund.
