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Sears Roe Buck Co

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March 16, 2000 | From Associated Press
Arthur C. Martinez, widely credited with rescuing Sears, Roebuck & Co. from the brink of failure in the mid-1990s, plans to retire from the helm of the giant retail chain by the end of this year. The search for his replacement has already begun. The announcement on Wednesday signals more uncertainty for the century-old company, which ruled the retail world for decades but lost customers to discount stores and higher-priced competitors in recent years.
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BUSINESS
March 16, 2000 | From Associated Press
Arthur C. Martinez, widely credited with rescuing Sears, Roebuck & Co. from the brink of failure in the mid-1990s, plans to retire from the helm of the giant retail chain by the end of this year. The search for his replacement has already begun. The announcement on Wednesday signals more uncertainty for the century-old company, which ruled the retail world for decades but lost customers to discount stores and higher-priced competitors in recent years.
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