NEW KMART LEADER SEEN AS UNLIKELY TO SAVE GROCERY

TROY, Mich. -- The future of Kmart here was a subject of speculation once again last week after the discounter named a new chief executive officer to replace former Sears and Safeway executive Julian Day.The appointment of former restaurant executive Aylwin Lewis to president and CEO at Kmart seemed to indicate the company would be making a new effort to compete as a merchant after a period of post-bankruptcy

TROY, Mich. -- The future of Kmart here was a subject of speculation once again last week after the discounter named a new chief executive officer to replace former Sears and Safeway executive Julian Day.

The appointment of former restaurant executive Aylwin Lewis to president and CEO at Kmart seemed to indicate the company would be making a new effort to compete as a merchant after a period of post-bankruptcy reorganization when it behaved more like a real-estate company than a retai

Register to view the full article

Already a member? .

TAGS: Walmart