Sears Holdings Corp. is bringing in some global talent from Tesco plc for its Kmart business.
The company hired Alasdair James as president and chief member officer of Kmart, making him responsible for the chain’s format strategy and profit and loss. He is also charged with “aligning merchandise, marketing, pricing and selling with the needs and wants of Shop Your Way members.”
Edward Lampert, chairman and chief executive officer of Sears Holdings, has pinned much of the retail group’s reinvention on the member program, while also spinning off various operations, such as Lands’ End, and subleasing space to other retailers and taking other steps. The Kmart division has been adding new offerings, for instance, bringing in goods tied to Adam Levine and Nicki Minaj.
James most recently spent two years as commercial director at Tesco’s global business unit and before that managed the company’s operations in China. He has also held posts at GlaxoSmithKline and PepsiCo.
Lampert said: “Alasdair will work closely with me and our business unit leaders to understand the preferences of Shop Your Way members who shop at Kmart. He will be responsible for the Kmart strategy, its performance and its continued transformation as an integrated retail format.”
Last year, Kmart logged adjusted losses before interest, taxes, depreciation and amortization of $129 million, while comparable-store sales fell 3.6 percent.
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