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Edward Lampert

Sears takes action in bid to remain viable

Sears takes action in bid to remain viable

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 non-profitable stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500 million real estate

Andrew named Sears chief administrative officer

Andrew named Sears chief administrative officer

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. announced on Monday  that James Andrew has joined the company in the new role of chief administrative officer. He will lead the company’s corporate support functions, including financial planning and analysis, business finance, legal, procurement, and human resources, the company noted in a press release. “Jim is a proven executive with