Home / Knowledge / News / Apparel/Garments / Sears CEO vouches to hike sagging clothing sales
Sears CEO vouches to hike sagging clothing sales
06
May '11
Louis D'Ambrosio, the new CEO of Sears, vouched to help the ailing retailer to turn around, by banking on their primary brands like Lands' End and Craftsman and through smart promotion of these brands.

The official while addressing the shareholders at the annual meeting of Sears Holding Corp. said that, bringing back the company's ever declining clothing business on track would be their priority.

Though he did not laid a comprehensive plan for achieving this goal, but sounded much positive, particularly regarding company's two new clothing lines - Sofia Vergara, from the star of ABC's "Modern Family", and Kardashian Collection, which is proposed to be launched in 400 Sears outlets in August this year.

Chairman Edward Lampert, who has been in charge of Sears from 2005 onwards, expressed his discontent over company's long-sagging clothing sales.

He stated that, the company needs to once again deliberate on the massive space allocated to apparel segment, and may either consider adding new brands or tying up with other retailers.

He said that, they need to present the customers with the brands they want to buy, and if customers are seeking brands of other companies, there is nothing wrong in offering those brands by partnering with those firms.

D'Ambrosio said that, if the new clothing collection fails to deliver expected results, the company is not likely to wait for long and may cut back.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X