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A Peek Inside Sears' Credit Card Unit

Tags » Card Issuers, Merchants  » Comments (0)

Susan Chandler reports for the Chicago Tribune on what happened at Sears back in 2002 when CEO Alan Lacy walked in and fired Sears Credit head Kevin Keleghan. At the time, Sears Credit contributed about 10 percent of Sears' revenue but provided the majority of its operating profit. "Sears was really a finance company with a retail empire attached."

Posted: Mar 22, 2006 04:27 AM Pacific |   |   |   Tweet This

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