December 4, 2006-- Home Textiles Today,
Sears Acquires 70% of Sears Canada
With its offer deadline expiring last week, Sears Holdings Corporation now holds considerably less than the 100% of Sears Canada shares it had sought. The company said its subsidiary, SHLD Acquisition Corp., acquired an aggregate of 17,839,873 common shares of Sears Canada and that Sears Holdings now owns, directly or indirectly, 75,572,290 common shares of Sears Canada or 70.2% of Sears Canada's issued and outstanding common shares.
Williams-Sonoma Gets Greener
Williams-Sonoma, Inc. said it will source more than 95% of its catalog paper stock from sources certified by the Forest Stewardship Council, a non-profit organization devoted to encouraging the responsible management of the world's forests. The retailer publishes seven catalog titles. It said it has already achieved "up to 30% post-consumer recycled content in many other components of its business such as shipping cartons, in-store collateral, gift wrap, gift boxes, copy paper, and corporate stationery."