Long-time tech executive Lou D’Ambrosio has taken the helm at Sears Holdings Corp. with the goal of reversing the department store’s downward financial trend and possibly boosting its online business. Sears, which operates stores under the Sears and K-Mart brands, hasn’t posted an annual gain in revenue since fiscal 2007. Analyst: “What does Sears stand for? I don’t think this hire brings any clarity on this question” Sears chairman Edward Lampert, an otherwise successful hedge fund manager, engineered the takeover of Sears in 2004 with Kmart, which he then controlled.”]
Source: https://www.csoonline.com/article/2127469/former-avaya-chief-d-ambrosio-takes-reigns-at-sears.html