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Sears' Edward Lampert to replace Louis D'Ambrosio as CEO
Troubled Sears Holdings Corp. said Chief Executive Louis D'Ambrosio is stepping down and will be succeeded by Chairman Edward Lampert. D'Ambrosio is resigning because of "family health matters," effective Feb. 2, the end of the retailer's fiscal year,...
Tags: Economy, Business and Finance, Macy's, Kmart, Sears Holdings Corp., Corporate Officers
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Sears to sell, spin off stores after $2.4-billion quarterly loss
Sears Holdings Corp. posted a $2.4-billion loss in its fourth quarter but appeased investors by planning to sell or spin off many of its stores to boost liquidity.
The Hoffman Estates, Ill., company reported a loss of $22.63 per share in the quarter that...Tags: Economy, Business and Finance, Sears Holdings Corp., Real Estate Sellers, Companies and Corporations, General Growth Properties, Inc.
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100 to 120 Kmart and Sears stores to close after slow holiday
Money & CompanyDisappointing holiday sales = 100 to 120 closing Kmart and Sears stores...
Jan 7, 2013
|Story| Los Angeles Times
Feb 23, 2012
|Story| Los Angeles Times
Dec 27, 2011
| Los Angeles Times
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