Sears Holdings Corp. fell a day after the retailer said chairman and hedge fund billionaire Edward Lampert will be CEO — even as the company offered an update on holiday sales that showed some improvement at Sears stores. Still, the company faces a long battle to turn itself around. Lampert succeeds Louis D’Ambrosio, who is leaving because of family health matters. Lampert has been known as a hands-on chairman at the chain, which has posted six straight years of sales declines.
Sears falls as chairman takes on CEO role
January 09, 2013
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢