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Cindy Baier Takes Job With Former Predatory Lender

HSBC Finance Corp. of Prospect Heights has hired Cindy Baier, most recently president of Whitehall Jewellers Inc., as managing director, helping to develop credit card programs for retailers. Before working at Whitehall, Baier was senior vice president and general manager of the credit and financial products business at Hoffman Estates-based Sears, Roebuck and Co. HSBC […]

Sears - K-Mart Mass Layoffs Announced

April 1, 2005, HOFFMAN ESTATES, Illinois:
Sears Holding, which was created last week through a $12.3 billion acquisition of Sears, Roebuck and Co. by Troy, Mich.-based Kmart Holding Corp., plans a “mass layoff” of 250 workers at its headquarters in this Chicago suburb, according to a report filed with the state’s Department of Commerce and […]

Sears and K-Mart Proposed Merger

Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.

Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]

Dillard’s Sells Credit Business to GE Consumer Finance

Dillard’s went with GE, not Household International, a wholly owned subsidiary of HSBC. Reports that GE Consumer Finance does not suffer the tarnished image one associates with Household have not been verified but Household Watch suspects the reports are true.

Federated Department Stores Inc. said it plans to keep its credit card business, including the […]