During the bankruptcy court testimony, Sears indicated that it wasn’t in a position to hire a CEO with the business’ future hanging in the balance. Now, as the company approaches restructuring, it is expected to search for fresh leadership, with retail expert Ray Wimer pointing out the need for Sears to hire beyond the financier — a term he used to describe Lampert’s management.
“You need to be a merchant. You need to understand the customer who you’re trying to serve. You need to understand the merchandise,” said Wimer, . . . more