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Slumping Sears Ousts CEO

Board dumps Lewis as part of restructuring plan to boost retailer's falling sales, stock

By Caroline Zimmerman, Newser User

Posted Jan 28, 2008 9:39 AM CST

(Newser) – Sears Holdings CEO Aylwin Lewis will depart as part of company-wide restructuring, the Wall Street Journal reports. Sears stock has plummeted 40% since July, and the retailer's sales were down 3.5% this holiday season. The company, which was created when Kmart Holding Corp. took... Read full story »

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Slumping Sears Ousts CEO

Board dumps Lewis as part of restructuring plan to boost retailer's falling sales, stock

CEO • Sears • Eddie Lampert • Kmart • Edward Lampert • Aylwin Lewis

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