Content about Louis D'Ambrosio

February 28, 2013
Sears narrows Q4 loss

Sears Holding Corp. said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier.

Hoffman Estates, Ill. -- Sears Holding Corp. said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier. Total costs dropped 2.2% to $12.88 billion in the fourth quarter.

Revenue declined 1.8% to $12.26 billion, but beat analysts' average estimate of $11.77 billion.

Sears results came weeks after the company’s chairman and largest shareholder, Edward Lampert, took the reins as CEO in the wake of the departure of Louis D'Ambrosio, who resigned for a family-related health problem.

March 19, 2012
Sears CEO’s compensation valued at $9.9 million

The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.

New York -- The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.

D'Ambrosio joined the company in February 2011. He received a base salary of $931,000. His stock awards totaled $8 million and his bonus was $150,000.

March 19, 2012
Sears CEO’s compensation valued at $9.9 million

The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.

New York -- The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.

D'Ambrosio joined the company in February 2011. He received a base salary of $931,000. His stock awards totaled $8 million and his bonus was $150,000.

May 3, 2011
New Sears CEO pledges to fix sales decline

Sears Holdings' new CEO, Louis D'Ambrosio, committed himself on Tuesday to help turn around the faltering chain by emphasizing its core brands, including Craftsman, Kenmore and Land's End, and by smarter marketing to customers, the Associated Press reported.

New York City -- Sears Holdings' new CEO, Louis D'Ambrosio, committed himself on Tuesday to help turn around the faltering chain by emphasizing its core brands, including Craftsman, Kenmore and Land's End, and by smarter marketing to customers, the Associated Press reported.