After the sixth consecutive year of losses and several rounds of store closings, Sears Holdings Chairman and CEO Edward Lampert says he's still committed to reversing the department store chain's slide by turning Sears into a 21st-century merchant focused on catering to its best customers.
interview Tuesday, Lampert acknowledged Sears' struggles and admitted
that the turnaround is taking longer than expected. But he also
complained about media coverage speculating on a possible bankruptcy,
saying it is undermining the company's efforts and has made it tougher
for Sears and Kmart to work with suppliers.. . . more