HOFFMAN ESTATES, Illinois (
, which said last week it was closing up to 120 of its stores after a dismal holiday selling season, named a new chief merchandising officer on Tuesday.
The struggling department-store retailer tapped Ron Boire as executive vice president, chief merchandising officer and president of its Sears and Kmart formats. Boire was previously president and CEO of
"I understand the company's challenges, but I am more persuaded by the company's opportunities and strengths," Boire said in a press release Tuesday.
Sears said last week that
for the eight weeks ended Dec. 25 fell 4.4% at its Kmart division, and were down 6% for its namesake U.S. stores. Total comparable-store sales declined 5.2%.
-- Written by Joseph Woelfel
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