You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Sears falls as chairman takes on CEO role

Sears Holdings has more than 2,600 Canadian and US Sears and Kmart stores.

Andy Clark/Reuters/File 2011

Sears Holdings has more than 2,600 Canadian and US Sears and Kmart stores.

Continue reading below

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.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.