Sears Holdings Corp said Chief Executive Louis D'Ambrosio will step down for family health reasons after the U.S. retailer reported a 1.8 percent decline in quarter-to-date sales at stores open at least a year.Edward Lampert will assume the role of Sears CEO in addition to his current role as chairman, Sears said in a statement late on Monday. Lampert's hedge fund, ESL Investments, had a 34.14 percent stake in Sears Holdings as of Nov. 30, according to Thomson Reuters data."In light of Lou's decision to step down, the board feels it is important that there is continuity of leadership during this important period of transformation and improvement at Sears Holdings," Lampert said.Sears faces stiff competition from mass merchants such as Wal-Mart Stores Inc and Target Corp, especially in areas like electronics. While Kmart has managed to keep some budget-conscious U.S. shoppers, the Sears chain has been losing market share in appliances and apparel.
Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Shares of SHLD traded higher by 1.73% or $0.73/share to $42.92. In the past year, the shares have traded as low as $29.85 and as high as $85.90. On average, 1165840 shares of SHLD exchange hands on a given day and today's volume is recorded at 954874.
Target Corporation (Target) operates in three segments: U. Shares of TGT traded higher by 1.19% or $0.72/share to $61.30. In the past year, the shares have traded as low as $48.51 and as high as $65.80. On average, 4767600 shares of TGT exchange hands on a given day and today's volume is recorded at 4896522.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.44% or $-0.13/share to $29.29. In the past year, the shares have traded as low as $26.20 and as high as $30.66. On average, 746021 shares of TRI exchange hands on a given day and today's volume is recorded at 424165.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.65% or $-0.19/share to $28.84. In the past year, the shares have traded as low as $26.47 and as high as $30.25. On average, 891811 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1401832.
Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Shares of WMT fell by 0.96% or $-0.66/share to $68.40. In the past year, the shares have traded as low as $57.18 and as high as $77.60. On average, 8879510 shares of WMT exchange hands on a given day and today's volume is recorded at 6201396.
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