HOFFMAN ESTATES, Ill., May 1- Sears Holdings Corp Chairman and Chief Executive Eddie Lampert used the retailer's annual meeting on Wednesday to reassure investors that he planned to build on the foundation laid by the former CEO to turn around the retailer.
HOFFMAN ESTATES, Ill., May 1- Sears Holdings Corp. Some on Wall Street saw D'Ambrosio's departure as adding to Sears' risks, and pointed to his lack of retail sales experience just as the company is trying to turn around its core Sears and Kmart chains.
Several hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments. The New York Times reports.
Jan 8- Shares of Sears Holdings Corp fell more than 5 percent on Tuesday after the retailer said Chief Executive Louis D'Ambrosio was leaving the company, raising concerns that the drive to improve its namesake stores could stall.