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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Edward Lampert

Edward Lampert stories: 2 news summaries

Slumping Sears Ousts CEO

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

Jan 28, 08 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 over Sears in 2005, last... More »

MORE ABOUT:
CEO • Sears • Eddie Lampert • Kmart • Edward Lampert • Aylwin Lewis

Sears Plans Reorganization to Revitalize Biz

Sagging fortunes since 2005 merger with Kmart prompts a shakeup

Jan 19, 08 6:26 AM CST
(Newser) - Foundering retailer Sears is hoping yet another change of course can help it sail out of its financial doldrums after watching its stock value drop in half this year and warning investors fourth-quarter earnings would plummet 57% from a year ago, reports the Wall Street Journal. Chairman Edward Lampert... More »

MORE ABOUT:
retail stores • Sears Holding • Edward Lampert • retailing

2 Stories


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