Wall Street Journal

Retail
Sears Defends Vendor Payments In Response To WSJ Article

A report Friday, October 21, in the Wall Street Journal that toy vendor Jakks Pacific Inc. has stopped shipping Kmart led the retailer’s parent company to defend how it pays vendors in a blog post on the Sears Holdings website. In a quarterly conference call, Jakks officials said concerns over Kmart’s fiscal health led to the decision.