DAmbrosio

Sears CEO D’Ambrosio to step down in February HOFFMAN ESTATES, Ill. – Sears Holdings Corp. has announced that Lou D’Ambrosio will step down as chief executive officer due to family health matters effective February 2, which marks the end of the...

Sears Holdings Corp.'s appointment of a new CEO rich in technology expertise but short on retail experience is leaving many wondering what direction the owner of the struggling Sears and Kmart stores is heading. The appointment of Lou D'Ambrosio came just hours before Sears reported another weak quarter, even though results from competitors Target Corp., Kohl's Corp. and Home Depot this week show shoppers are spending more.