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                                                                    EXHIBIT 10.7

                     [Carson Pirie Scott & Co. Letterhead]


                              Executive Bonus Plan


A.   Purpose.   The Executive Bonus Plan ("Plan") provides a select group of
management employees with an opportunity to earn additional compensation so as
to attract and retain such employees, and motivate them to enhance the value of
the business of Carson Pirie Scott & Co.  The Plan is not intended to be subject
to the Employee Retirement Income Security Act of 1974, as amended.

B.   Eligibility to Participate.

     (a)  Each individual employed by the Employer in a position set forth in
Schedule 1 attached hereto shall become a participant (as designated on such
Schedule) in the Plan upon his or her receipt of a letter of participation from
such Employer, subject to the terms of such letter and the other Plan
provisions.  The Employer may, in its sole discretion, set forth limitations
(including, but not limited to, individual performance objectives) on an
employee's participation in its letter of participation to such employee.

     (b)  An individual shall automatically cease to be a Participant, without
notice to or consent of such individual upon the earlier to occur of the
following events: (i) his or her death, (ii) his or her permanent and total
disability (as confirmed by the Retirement Plan Committee in its sole
discretion), or (iii) his or her termination of employment with the Employer.

C.   The Bonus.

     (a)  In the event the Employer attains the EBITDA (as defined below)
objective set forth for the fiscal year end, each Participant as of such date
shall be eligible to receive a bonus for such year; provided that (i) such
Participant satisfies the individual conditions, if any, set forth in his or her
letter of participation and remains employed by an Employer or any of its
affiliates on the date such bonus (or portion thereof) is paid. At the sole
discretion of the President and Chief Executive Officer and Executive Vice
President-Human Resources, the bonus earned by any Participant and forfeited
solely by reason of his or her termination of employment prior to the date such
bonus is paid may be restored.
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     (b)  The amount of bonus, if any, for an eligible Participant shall be the
percentage, as set forth in the Letter of Participation hereto, applicable to
such Participant's position of employment, multiplied by such Participant's base
salary paid (including salary deferrals under Section 125 or 401(k) of the
Internal Revenue Code) during such fiscal year.

     (c)  "EBITDA" shall be determined and approved by the Compensation 
Committee of the Board of Directors at the meeting closest to April 15 of each
year, and shall be determined after taking into account as an expense the amount
of bonuses payable hereunder.

D.   Administration.

     (a)  The Compensation Committee of the Board of Directors of Carson Pirie
Scott & Co., shall administer the Plan and be authorized to take all actions
necessary or desirable to effect the purposes of the Plan, in its sole
discretion, including, but not limited to:

     1.   providing rules for the management, operation and administration of
          the Plan;

     2.   interpreting the Plan in its sole discretion to the fullest extent
          permitted by law; and

     3.   correcting any defect or omission, or reconciling any inconsistency in
          the Plan in such manner and to such extent as it shall deem
          appropriate in its sole discretion.

     (b)  The decisions of the Compensation Committee shall be final and
conclusive for all purposes of the Plan and upon all persons, and shall not be
subject to any appeal or review.

E.   Amendment or Termination.  The Plan (including Schedules 1) may be amended,
modified, suspended, or terminated by the Compensation Committee, with the
approval of the Board of Directors of Carson Pirie Scott & Co.

F.   Miscellaneous.

     (a)  Neither the establishment of the Plan nor participation herein shall 
be construed as conferring any legal rights upon any employee or other person
for continuation of employment, and the Employer reserves its right to discharge
any employee without regard to the effect such discharge might have upon such
employee as a Participant in the Plan.

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     (b)  The Employer may withhold from any amounts payable under this Plan all
federal, state, city or other taxes as shall be required to be withheld by
applicable law.

     (c)  Subject to any applicable law, no benefit under the Plan shall be
subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance or charge, and any attempt to do so shall be void, nor shall
any such benefit be in any manner liable for or subject to the debts, contracts,
liabilities, engagements or torts of the Participant.  In the event that the
Compensation Committee shall find that any Participant has attempted to violate
such provision or has become bankrupt, such benefit shall be forfeited at to the
sole discretion of the Compensation Committee.

EXECUTED at Milwaukee, Wisconsin, as of April 27th, 1994.


                                  By:  /s/ Roger C. Gaston
                                  ------------------------------------------
                                  Title: Executive Vice President
                                         Human Resources

                                  CARSON PIRIE SCOTT & CO.

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                                                Schedule 1 to
                                                Executive Bonus Plan
                                                --------------------



Name of
Designated Group
----------------

   Chief Executive Officer

   Executive Vice President - CAO

   Executive Vice Presidents

   Senior Vice-Presidents

   Vice-Presidents
      on Executive Committee

   Vice Presidents
      on Key Management

   Store Managers

   Buyers

   Other Key Management designated
      by the Employer