Sears E-Commerce Chief Resigns
Sears Holdings e-commerce chief Imran Jooma has resigned, creating a vacancy in a key position as the struggling retailer banks on technology to turn around its flagging fortunes.
Jooma, who joined the Hoffman Estates, Ill.-based Sears Holdings in 2007, resigned Dec. 17 and will leave the company Feb. 6, the firm said in a regulatory filing Tuesday.
Jooma served as executive vice president and president of online, marketing, pricing and financial services.
A Sears internal communication obtained by the Chicago Tribune said Jooma will “pursue a new opportunity in 2015” and “Imran will assist in transitioning different parts of his organization to new leadership.”
The company, which owns the Sears and Kmart retail stores, has seen years of revenue declines and is closing hundreds of stores to invest in its loyalty program and integrated retail. It also has lost money for 10 straight quarters. It lost $1.5 billion in the 39 weeks ended Nov. 1.
This article appeared in print in edition of Hamodia.
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