Tags: US | Sears | Annual | Meeting

Sears Plans to Revamp Merchandise, Grow on Web

Tuesday, 04 May 2010 02:03 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The financier who leads Sears Holdings Corp. says the retailer is gearing up to revamp merchandise and services in its stores. And Chairman Edward Lampert says the company's Internet presence will continue to balloon as more customers shop online.

Speaking during the company's annual shareholder meeting Tuesday, Lampert told a roomful of investors that in five years Sears will be "unrecognizable compared to what the company was 20, 30, 40 years ago."

Based in suburban Chicago, the retailer owns Sears, Kmart and Land's End and popular brands such as Craftsman, Diehard and Kenmore. But it is increasingly focusing its efforts on the Web.

Also Tuesday, shareholders elected interim CEO and President W. Bruce Johnson to Sears' seven-member board.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

FBI Found Bomb-Making Cache in Home of Giffords Shooter

Saturday, 26 Jul 2014 07:11 AM

Jared Lee Loughner, who killed six people and shot former Arizona lawmaker Gabrielle Giffords in a 2011 rampage, kept bo . . .

Judge Dismisses Lawsuit Over Amelia Earhart Search

Saturday, 26 Jul 2014 07:10 AM

A federal judge on Friday dismissed a Wyoming man's claims that an aircraft recovery group secretly found wreckage of av . . .

Fla. Lawmaker Wants D'Souza's 'America' Shown in Schools

Friday, 25 Jul 2014 22:51 PM

A Florida state lawmaker plans to introduce a bill making conservative filmmaker Dinesh D'Souza's new movie, "America,"  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved