HOFFMAN ESTATES, Illinois (

TheStreet

) --

Sears

(SHLD)

, 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

Brookstone

.

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"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

sales

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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Joseph Woelfel

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