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发表于 2016-12-24 09:15:02 | 显示全部楼层 |阅读模式
Sears Canada (TSE:SCC) shares declined as soon as the department store chain announced The following friday that CEO Calvin McDonald is resigning for one more opportunity, and will be replaced by present COO Douglas C. Campbell.
Campbell, who will be the new president and CEO as well as a board member, registered Sears Canada in March The new year, and was appointed executive Vice president and COO in November not too long ago. Prior to Sears, Campbell was a principal using Boston Consulting Group, exactly where he led turnaround Uggs Ireland plans and worked across a diverse sector of industries, like retail.
"I am excited about the opportunity to lead a company with such an awesome brand and history, and to always improve the performance of Sears," said Campbell.
The Toronto, Ontario based retailer said rolling Timberland Boots around in its statement that McDonald resigned to pursue an opportunity with a "leading overseas company", acknowledging his "leadership and selling skills in light of the challenges facing the industry".
Earlier this summer, the particular embattled department store chain said it would vacate stores at a couple of major Toronto area looking centres by next March in a $191 million deal. The two Sears store locations are at Yorkdale Purchasing Centre in Toronto possibly at Square One Shopping Centre in Mississauga. Sears has sold stores and uniquely spun off smaller format locations since last year to generate hard cash as it capitalizes on the customer benefits program that represents more than half regarding Sears revenue. The company reported some sort of C$279 million loss in the first 1 fourth. heavyweights. Target Corp. discount retailer, started open its first stores in Canada in March, and Nordstrom Inc. (NYSE:JWN), your Seattle, Washington based retailer which has more than 100 namesake suppliers, will launch in North Moncler Gilet america next year.
"Doug's disciplined approach has been instrumental in managing prices and driving efficiencies," said Sears Canada chairman, William C. Crowley, in the release Wednesday. "We look forward to his leadership even as continue to improve profitability over the business."
Sears Canada operates 181 corporate stores and 246 neighborhood dealer stores. Shares chop down 0.48 per cent on Tuesday, to trade at $12.27 in Toronto, paring year as of yet gains to under 1 per cent.
Proactive Investors Ugg Slippers Ireland North America Inc, trades as "Proactiveinvestors States Canada".
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