Exhibit 10(d)

                        EXECUTIVE EMPLOYMENT AGREEMENT



       THIS AGREEMENT is entered into April 12 , 1998, between JACOBSON
STORES INC., a Michigan corporation, of Jackson, Michigan (the "Company"),
and Herman J. Heinle the "Employee").


       THE PARTIES AGREE AS FOLLOWS:

       1.     Employment and Term. The Company employs Employee as Senior Vice
President-General Merchandise Manager , and Employee agrees to serve in that
capacity and/or in such other capacity or capacities as the Chief Executive
Officer of the Company deems advisable, commencing April 12, 1998, and
continuing through April 15, 1999, unless terminated sooner pursuant to the
provisions of paragraph 4, for the salary and on the terms set forth herein.

       2.     Compensation. Subject to the provisions of paragraph 4, the 
Company agrees to pay Employee salary at an annual rate of $ 150,000 , in
bi-weekly or other regular periodic installments no less frequent than
monthly.

       3.     Duties. Employee agrees, as long as employment by the Company
continues, to devote Employee's entire time and best efforts to furthering
the interests of the Company; to comply with all regulations and policies of
the Company; and to perform the duties requested by any officers and
executives of the Company to whom the Employee is directed to report.

       4.     Termination. Employee's employment under this Agreement shall
terminate on the earliest to occur of the following: (1) immediately upon
Employee's death, (2) at the Company's option, immediately when notice to
Employee of such termination is given after Employee's permanent incapacity
(established to the reasonable satisfaction of the Chief Executive Officer of
the Company), (3) at the Company's option, immediately when notice to
Employee of such termination is given (for any reason or for no reason and
regardless of whether there is good cause for such termination), (4) 30 days
after notice of such termination is given to the Company by Employee, and (5)
April 15, 1999. Notice will be deemed to be given on the earliest of (1) when
delivered, or (2) three business days after mailed by certified or registered
mail, postage prepaid, return receipt requested, or (3) one business day
after sent by recognized overnight courier, if to Employee, to Employee's
address on the Company's corporate records, and if to the Company, to the
address of its principal executive offices. The following events during the
term of this Agreement shall have the following respective effects on the
obligations of the Company pursuant hereto:

              (a)    If employment is terminated due to Employee's death or
permanent incapacity, the Company shall have no obligation to pay any salary
or other amounts or benefits under this Agreement or otherwise for any period
after the date of termination of employment, but benefits may continue to the
extent provided in any wage continuation program, insurance, or other
employee benefit plans that are generally applicable to all employees of the
Company and that are maintained by the Company at that time.


<PAGE>

              (b)    Except as otherwise provided in paragraph 4(c), if
employment is terminated by the Company (for any reason or for no reason and
regardless of whether there is good cause for such termination), or if
Employee resigns or retires before or at the expiration of the term, the
Company shall have no obligation to pay any salary or other amounts or
benefits under this Agreement or otherwise for any period after the date of
termination of employment, but benefits may continue to the extent provided
in any severance program, wage continuation program, insurance, or other
employee benefit plans that are generally applicable to all employees of the
Company and that are maintained by the Company at that time.

              (c)    If (1) a "Change in Control" (as defined below) occurs
during the term of Employee's employment under this Agreement, and (2) either
Employee terminates Employee's employment with the "Entity" (as defined
below) for "Good Reason" (as defined below) or the "Entity" terminates
Employee's employment without "Cause" (as defined below), both within one
year after the Change in Control, Employee will receive an amount equal to
Employee's annual salary at the rate set forth in paragraph 2 for the period
from the date of such termination through the date that is 24 months after
the date such Change in Control occurs. Such payments shall be made at the
times provided in paragraph 2. The Company may withhold from such payments
all federal, state, city and other taxes to the extent such taxes are
required to be withheld by applicable law. The Company's obligation to pay
the salary continuation payments provided in this paragraph 4(c) shall
survive the expiration of the term.

                     (i)    For purposes of this Agreement, a "Change in
           Control" occurs on the first day any one or more of the following
           occurs:

                            (A) any person (as such term is used in Sections
              13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as
              amended (the "Exchange Act")), together with all affiliates and
              associates of such person (as such terms are defined in Rule
              12b-2 under the Exchange Act) but excluding all "Excluded
              Persons" (as defined in paragraph 4(c)(ii)), becomes the direct
              or indirect beneficial owner (within the meaning of Rule 13d-3
              under the Exchange Act) of securities of the Company
              representing (A) 40% or more of the combined voting power of
              all of the Company's outstanding securities entitled to vote
              generally in the election of the Company's directors, or (B)
              40% or more of the combined shares of the Company's capital
              stock then outstanding, all except in connection with any
              merger, consolidation, reorganization or share exchange
              involving the Company;

                            (B) the consummation of any merger,
              consolidation, reorganization or share exchange involving the
              Company, unless the holders of the Company's capital stock
              outstanding immediately before such transaction own more than
              50% of the combined outstanding shares of capital stock and
              have more than 50% of the combined voting power in the
              surviving entity after such transaction and they own such
              securities in substantially the same proportions (relative to
              each other) as they owned the Company's capital stock
              immediately before such transaction;

                            (C) the consummation of any sale or other
              disposition (in one transaction or a series of related
              transactions) of all, or substantially all, of the Company's
              assets to a person whose acquisition of 40% or more of the
              combined shares of the Company's capital stock then outstanding
              would have caused a Change in Control under paragraph
              4(c)(i)(A); or



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                            (D) the "Continuing Directors" (as defined in
              paragraph 4(c)(iii)) cease to be a majority of the Company's
              directors.

           A determination by the Company's Continuing Directors (by
           resolution of at least a majority of the Continuing Directors) as
           to whether a Change in Control has occurred for purposes of this
           Agreement, the date on which it has occurred or both shall be
           conclusive for purposes of this Agreement.

                     (ii)   For purposes of this Agreement, the "Excluded
           Persons" are (1) Employee, (2) any "group" (as that term is used
           in Section 13(d) of the Exchange Act and the rules thereunder)
           that includes Employee or in which Employee is, or has agreed to
           become, an equity participant, (3) any entity in which Employee
           is, or has agreed to become, an equity participant, (4) the
           Company, (5) any subsidiary of the Company, (6) any employee
           benefit plan of the Company or any subsidiary of the Company or
           the related trust, (7) any entity to the extent it is holding
           capital stock of the Company for or pursuant to the terms of any
           employee benefit plan of the Company or any subsidiary of the
           Company, and (8) any director, officer or beneficial owner of at
           least 10% of the Company's outstanding Common Stock as of the date
           of this Agreement. For purposes of this Agreement, Employee shall
           not be deemed an "equity participant" in any group or entity (1)
           in which Employee owns for investment purposes only no more than
           5% of the stock of a publicly-traded entity whose stock is either
           listed on a national stock exchange or quoted in The NASDAQ
           National Market, if Employee is not otherwise affiliated with such
           group or entity, or (2) if Employee's participation is
           fully-disclosed to, and approved by, the Company's Chief Executive
           Officer before the Change in Control occurs.

                     (iii)  For purposes of this Agreement, the "Continuing
           Directors" are the directors of the Company as of the date of this
           Agreement, and any person who subsequently becomes a director if
           such person is appointed to be a director by a majority of the
           Continuing Directors or if such person's initial nomination for
           election or initial election as a director is recommended or
           approved by a majority of the Continuing Directors.

                     (iv)   Termination of Employee's employment for "Good
           Reason" means Employee's voluntary termination of employment with
           the Entity after a Change in Control as a result of (1) any
           decrease by the Entity (without Employee's consent) in Employee's
           salary from Employee's salary immediately before such Change in
           Control; provided, that no such decrease shall constitute "Good
           Reason" if such decrease is applied in the same manner to all
           officers or employees at the same employment level as Employee
           (such as all officers or all store managers, as the case may be),
           (2) a substantial change by the Entity (without Employee's
           consent) in Employee's duties or responsibilities from Employee's
           duties and responsibilities immediately before such Change in
           Control, or (3) any requirement by the Entity (to which Employee
           does not consent) that Employee change Employee's primary place of
           business. "Good Reason" will not include Employee's death,
           permanent incapacity or Retirement (as defined below), or
           Employee's resignation other than as provided in the preceding
           sentence. For purposes of this Agreement, "Retirement" means
           Employee's retirement from the Entity in accordance with the
           Entity's normal policies.

                     (v)    The Entity's termination of Employee's employment
           without "Cause" means a termination other than for (1) Employee's
           continued failure either to (A) devote substantially full time to
           Employee's employment duties (except because of Employee's illness
           or disability) or (B) make a good faith effort to perform
           Employee's employment duties; (2) any other willful act or
           omission which Employee knew, or had reason to know, would
           materially injure the Entity; or (3) Employee's conviction of a
           felony involving dishonesty or fraud.




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                     (vi)   For purposes of this Agreement, the "Entity"
           shall mean both (1) the Company and (2) in connection with a
           Change in Control defined in paragraph 4(c)(i)(B) or paragraph
           4(c)(i)(C), the survivor of the merger, consolidation,
           reorganization or share exchange involving the Company and the
           buyer of all, or substantially all, of the Company's assets, if
           such additional entity described in this clause (2) (if other than
           the Company) has offered to employ Employee on such terms that
           would not constitute "Good Reason" for termination of Employee's
           employment if imposed by the Company. Therefore, for purposes of
           this paragraph 4(c), Employee shall not be deemed to have
           terminated Employee's employment with the Entity for "Good Reason"
           and the "Entity" shall not be deemed to have terminated Employee's
           employment without "Cause" unless such actions are taken by all
           entities included within the definition of "Entity". In addition,
           for purposes of this paragraph 4(c), Employee shall not be deemed
           to have terminated Employee's employment with the Entity for "Good
           Reason" and the "Entity" shall not be deemed to have terminated
           Employee's employment without "Cause" if (1) the survivor of the
           merger, consolidation, reorganization or share exchange involving
           the Company and the buyer of all, or substantially all, of the
           Company's assets has offered to employ Employee on such terms that
           would not constitute "Good Reason" for termination of Employee's
           employment if imposed by the Company, (2) Employee refuses such
           employment, and (3) the Company terminates Employee's employment
           for any reason or for no reason.

              (d)    The severance benefits provided in this paragraph 4 are
exclusive and in lieu of any other severance benefits to which Employee may
be entitled, except for any benefits under the terms of any stock options or
restricted stock agreements Employee may have.

              (e)    There is not, nor will there be unless in writing signed
by both Employee and the Company, any express or implied agreement as to
Employee's continued employment by the Company after the end of the term of
Employee's employment under this Agreement. Employee's subsequent employment
with the Company, if any, will be employment "at will", and the provisions of
this Agreement will not apply to any such employment.

       5.     Previous Agreements Superseded. This Agreement supersedes all
previous employment agreements between the parties.

       6.     Miscellaneous Provisions. This Agreement may be amended only by
written agreement signed by either the Chairman or Vice Chairman of the
Company. It shall be construed according to the laws of Michigan, and shall
be binding on and enforceable by the parties and their successors in
interest.



IN THE PRESENCE OF:                   JACOBSON STORES INC.


                                      By:             /s/  P. Gerald Mills
--------------------------                   --------------------------------

                                             Its      Chairman of the Board
                                                  ---------------------------
                                                                   COMPANY
                                                                   -------

                                                      /s/  Herman J. Heinle
--------------------------                   --------------------------------
                                                                   EMPLOYEE
                                                                   --------



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