Sears was 'toast' ever since its 2005 Kmart merger, says former Sears Canada CEO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Sears may have just filed for bankruptcy, but the giant retailer 'was toast about a day after it closed' its merger with Kmart back in 2005, says former Sears Canada CEO.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes. Discounters like Kmart, Zayre starting nibbling their lunch back in the 70s.

Sears was toast when Lampart became CEO.

He may have a slight point there but the bottom line is since then the leadership and management has been abysmal and Canadian employees are not going to be receiving a pension it appears The executives received large payouts

before that, even.

accurate

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines