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Sears Holdings names Land's End leader
HOFFMAN ESTATES, Ill. — Sears Holdings announced that Edgar Huber has joined the company as CEO and president of Lands' End. Huber is responsible for driving growth and profit opportunities for Lands' End, as well as continuing to drive the culture that provides customers with the quality, value and service that the brand has long been known for. He was most recently EVP global business development for Liz Claiborne Inc.
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New Sears CEO pledges to fix sales decline
Hoffman Estates, Ill. -- Sears Holdings on Tuesday announced that its same-store sales for the first quarter fell 3.6%. The retailer forecast a loss for the quarter ended April 30 of $145 million.
Same-store sales decreased 1.6% at Kmart, and 5.2% at Sears in the quarter. Sears Canada projects same-store sales will be down 9.2%.
