UPDATE 2-Kmart names Yum marketing maven as CEO
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Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) on Monday named a new president and chief executive in a move that could signal the start of a campaign to revamp the discount retailer&#39;s image.
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Kmart Holding (nasdaq: KMRT - news - people ) has appointed Aylwin Lewis as its new chief executive and president. He takes over from Julian Day, who assumed the reins during some dire times.
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Shares of Kmart Holding Corp. surged 17 percent Monday after the discount retailer reported a profit for the second quarter and said chairman and majority owner Edward Lampert is now free to invest the company's &#36;2.6 billion in surplus cash.
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Kmart (KMRT:Nasdaq - news - research) continued to make progress realizing value for its real-estate portfolio Monday, completing an agreement to sell 18 stores to Home Depot (HD:NYSE - news - research) for $271 million.
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Two of the biggest names in the retail world are becoming one. In an announcement Wednesday, Kmart and Sears, Roebuck &amp; Co. have agreed to merge in a deal totalling $11 billion.
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DETROIT - For the last year and a half, industry observers have speculated about Kmart Holding Corp. chairman Edward Lampert&#39;s plans since the troubled retailer emerged from bankruptcy.
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JC Penney (JCP:NYSE - news - research) said Wednesday it hired a new chairman and chief executive, Myron Ullman. Ullman, a former executive at LVMH Moet Hennessy Louis Vuitton (LVMH:Nasdaq - news - research), will succeed Allen Questrom.
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RadioShack Corp. on Friday announced the appointment of former Kmart and Sears executive Julian Day as chairman and chief executive officer of the electronics retailer. Its shares climbed more than 13 percent.
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Aylwin Lewis, (pictured, left) formerly of Yum Brands Inc., will take over for Julian Day. Day was appointed in January 2003, when the company was in bankruptcy.
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Krispy Kreme Doughnuts Inc. KKD.N on  Tuesday replaced its chief executive with a turnaround expert,  sparking a rebound in its shares which had been battered by a  long-running government probe into faulty accounting.
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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Kmart Holding Corporation and Sears, Roebuck and Co. said today that they are merging to form a new retail company called Sears Holdings Corporation that will be the nation&#39;s third largest
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Fast-food restaurant operator Yum Brands Inc. on Monday named David Deno chief operating officer, replacing Aylwin Lewis, who resigned to become president and chief executive of Kmart Holding Corp.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a $11.5 billion deal unveiled on Wednesday,  creating the third-largest U.S. retailer.
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Discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co., in a surprise $11 billion deal that will create the nation&#39;s third largest retailer.
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Retailer Kmart Holdings Corp. KMRT.O  on Monday finalized a deal to sell 18 of its stores to Home  Depot Inc. HD.N for $271 million.
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U.S. discount chain Kmart Holding  Corp. will no longer have exclusive rights to sell Sesame  Street's children's clothing from next July, the company and  Sesame Workshop said on Wednesday.