Thursday, May 10, 2018

Sears CEO: The company is still ‘fighting like hell’

Chain Store Age
Sears Holding Corp.’s turnaround may be taking longer than expected, but chairman and CEO Eddie Lampert is committed to moving forward.

At the company’s annual shareholders’ meeting on Wednesday, Lampert said that Sears has “tried to incubate our own capabilities” instead of making major acquisitions — a strategy used by competitors, such as Target and Walmart, according to CNBC.

In the report, he added said that Sears “is on the right path, but we haven’t gotten over the hump. We need to convert our vision into reality, [which has been] made much more difficult because the operating performance isn’t where it needs to be.” . . . more