New CEO named at Sears as sales and profits slide  Sears
Holdings named Lou D’Ambrosio its new CEO in conjunction with
the release of fourth-quarter results that sales and profits
decline, as a 2.5% same-store sales increase at Kmart was not
enough to offset a 4.5% comp decline at Sear’s flagship stores.
Total company sales for the fourth quarter were $13.1 billion,
or $103 million less than the prior year, while full-year sales
decreased by $717 million to $43.3 billion. As a result of the
sales decline, profits dropped to $374 million, or $3.43 per
share in the fourth quarter of 2010 compared with $430 million
or $3.74 the prior year.  In a letter to shareholders, Sears
Holdings chairman Eddie Lambert said 2010 was another
challenging year for the company, financial results were at
unacceptable levels, and it was working hard to drive better
performance in the short and long term.   As the company looks
to execute it growth strategies it will do so under the
leadership of D’Ambrosio who fills a position oc