Richmond, Va.-based The RoomStore, partnering with a liquidation specialist, has signed a letter of intent to acquire 51 Rhodes stores and other assets for $38.8 million. Rhodes Furniture President and CEO Steve Fishman is leaving the bankrupt chain to become the top executive at closeout retailer Big Lots. Rhodes named its veteran chief financial officer, Joel Dugan, to replace him as CEO and president. Dugan said Rhodes’ first order of business is to complete the filing of its Chapter 11 reorganization plan. “Too many customers were victimized by poor financing through Household International and HSBC, thus Rhodes was in a bad position” said consumer advocates at Household - HSBC Watch.
Archive for » July, 2005 «
Category: 05 All Articles, 05 Private Label, 05 Retail Services
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The 2005 Business Roundtable member list seems to have a problem. Listed in 2005, under “CEO’s and their companies”, is William F. Aldinger and Household International. Household International has not existed since purchased by HSBC in 2002, said Household - HSBC Watch. Aldinger retired from HSBC in April 2005.
Category: 05 Aldinger, 05 All Articles, 05 Research
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Created in April 2002, website BestBuyCard.net informs electronics retailer Best Buy Stores customers and potential customers of the pitfalls of predatory credit card financing. Best Buy uses HSBC Retail Services as the financing for their Best Buy credit card. In reality, HSBC Retail Services is the old Household International retail services, well known for predatory lending. Often pushing the limits of legality, complaints about Best Buy, and real consumer experiences abound on BestBuyCard.net
July 18 — The National Black Data Processing Associates (BPDA) will present HSBC - North America with an award for being one of the Best Companies for Blacks in Technology at the 27th Annual National BDPA Conference to be held in Detroit next month. This is the third year that the Best Companies for Blacks in Technology Awards Program has assessed organizations for their workplace and career development climates for African Americans. For the second consecutive year HSBC - North America was one of six companies to receive the award from a group of 120 companies invited to participate.
Category: 05 All Articles, 05 HSBC - U.S., 05 Research
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RIVERSIDE, Calif.–(BUSINESS WIRE)–July 19, 2005–The American Forces Network (AFN) announced today that World Wrestling Entertainment, Inc. will offer its upcoming SmackDown!® Pay-Per-View, The Great American Bash, free for broadcast on AFN as WWE’s way of thanking the troops and their families for their service to America. The Great American Bash will be broadcast from the HSBC Arena in Buffalo, NY, live on Pay-Per-View in the United States on Sunday, July 24, at 8 p.m. ET/5 p.m. PT. AFN will carry The Great American Bash on AFN Spectrum on July 25 at 9 p.m. viewer time in Japan/Korea and Central Europe.
Category: 05 All Articles, 05 Research
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