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Article: WALL ST. GIVES NOD TO SEARS' LACY.(Sears, Roebuck & Co.'s selection of Alan J. Lacy as CEO)(Brief Article)
- Article from:
- WWD
- Article date:
- September 12, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Retail observers and analysts generally gave a thumbs-up to Sears, Roebuck & Co.'s selection of Alan J. Lacy as its new chief executive officer, but the choice did little to quell the fears of the store's nervous apparel suppliers.
Wall Street appeared to like the choice, sending Sears shares up 1/2 to close at 35 1/4 on a day when the New York Stock Exchange dropped 25.16 points.
Lacy will become president and chief executive of Sears on Oct. 1 and succeed Arthur Martinez as chairman upon Martinez's retirement in December.
Lacy's appointment is the last of three ceo choices that faced three of the nation's largest retailers this ...
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Article: A HARD SELL FOR SEARS' NEW CEO ON WALL STREET; Analysts ...
Crain's Chicago Business;
November 6, 2000 ;
700+ words
... ... do you get there?'' Mr. Lacy, 47, joined Sears in 1994, becoming chief financial ... are not going well for Mr. Lacy. Sears' stock price dipped 15 ... York. ``I think (Mr. Lacy) is going to play to Sears' strengths, and abdicate ...
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