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Former Sears interim CEO Johnson named CEO of spun-off unit
Hoffman Estates, Ill. -- Sears Holdings Corp. said that former interim CEO Bruce Johnson will serve as president and CEO of Sears Hometown and Outlet Stores once the unit is spun off from the retailer.
Johnson served as interim CEO of Sears Holdings from 2008 to early 2011.
Last February, Sears Holdings announced it would spin off its Sears Hometown and Outlet businesses in an effort to raise an expected $400 million to $500 million. -
Survey: A third of back-to-school shoppers will use mobile phones to compare prices in-store
Los Angeles -- A survey released Monday by PriceGrabber found that 37% of back-to-school shoppers plan to use mobile phones to compare prices while in-store.
The results, which supplement PriceGrabber’s recently released Back-To-School Shopping Forecast, revealed that while consumers are planning to spend more money on back-to-school items this year, they continue to look for ways to stretch their dollar and take advantage of retailer incentives to save.