For the first half, or more, of this story I was actually much more interested in the warehouse, the characters there, and the history that we were seeing pieces of, and learning about
There are enough hints, once we start getting enough clues to understand the full extend of the rewards and encouragements at work, to really make this very interesting and fun!
The sense of "she deserves to be put in her place" comes through very well, but it is also explained well, there is a sense of who and why that works very well.
Once we finally get her more fully into the bear costume this gets a lot more fun and sexy, since my focus and attention shifts from the warehouse and what wicked fun happens there, to what is going on with our "willing" helper, and what is happening here.
The hanging ending is wicked, but is also a very good way of finding out how much interest, if any, there is in where all of this is going.
I do think though that the comment about buying two bears does need to be explained, it seems a shame for two bears to exist yet not be made good use of...