Sears chief gets ultimatum

August 1990
Advertising Age;8/13/1990, Vol. 61 Issue 33, p2
Trade Publication
This article reports on the ultimatum given to Edward Brennan, chairman of advertising agency Sears, Roebuck & Co., to post significant gains in the retail operations of the company to prevent his dismissal. The warning was given to Brennan during a board meeting on August 8, 1990. Brennan replaced Michael Bozic in an effort to improve retailing results. Philip J. Purcel, chairman of the company's Dean Witter Financial Services Group, is expected to assume broadened responsibilities for the company's financial services operations.


Related Articles

  • Sears opens its the first 'store of the future' in Philadelphia area.  // Marketing News;8/19/1983, Vol. 17 Issue 17, p8 

    The article reports on the opening of the first store of Sears, Roebuck and Co. in Philadelphia, Pennsylvania. The store features special architectural treatments such as vaulted ceilings at mall entrances. According to Edward A. Brennan, chairman and chief executive officer, the store presents...

  • Brennan tells Sears holders the rebound will continue. Fearnley-Whittingstall, Sopy // WWD: Women's Wear Daily;5/13/1994, Vol. 167 Issue 93, p12 

    Reports on Sears, Roebuck & Co. Chairman and Chief Executive Officer Edward A. Brennan's promise to stockholders of sales gains in 1994. Growth in comparable store-sales in 1993; Sears Merchandise Group executive Arthur Martinez's projections for same-store apparel sales gains; Growth of soft...

  • Sears CEO resigns.  // Hudson Valley Business Journal;5/29/95 - 6/5/95, Vol. 6 Issue 28, p2 

    Reports on the resignation of Edward A. Brennan as chairman and chief executive officer of Sears, Roebuck and Co.

  • A feeling for the goods. Vogl, A.J. // Across the Board;Nov/Dec95, Vol. 32 Issue 10, p27 

    Presents an interview with newly retired Sears Roebuck and Co. chairman Edward A. Brennan. Sears' achievement of icon status in the public mind; Company's closeness to the consumer; Brennan's rating of Sears at present; Reaction to criticism that Brennan caused Sears to lose focus.

  • Brennan will have to answer to upset Sears shareholders. Fitzgerald, Kate // Advertising Age;4/20/1992, Vol. 63 Issue 16, p3 

    Reports on the failure of Sears Roebuck and Co. to improve its sales despite its cost-cutting efforts. Expectation for Chairman Edward Brennan to answer questions from company shareholders at the annual meeting in Atlanta, Georgia; Perception of retailers on Sears' market status; Solicitation...

  • Edward Brennan: Shaping up at Sears.  // Corporate Board;Sep/Oct95, Vol. 16 Issue 94, p32 

    Interviews Sears Roebuck and Co. executive Edward Brennan. Review of the company's restructuring program; Long turnaround schedule; Role of Sears board in the restructuring; Board's role in succession planning; Personal feelings on retirement.

  • What goes around, comes around.  // Hudson Valley Business Journal;6/12/95 - 6/19/95, Vol. 6 Issue 29, p12 

    Editorial. Focuses on Sears' finding that consumers are not responding to the big store concept. Finding that the public wants to buy tools in a hardware store, and furniture in a furniture store, and not when they are shopping for groceries.

  • Sears lightens product load. Baeb, Eddie // Crain's Chicago Business;11/01/99, Vol. 22 Issue 44, p3 

    Reports on Chicago, Illinois-based retailer Sears, Roebuck and Co.'s reduction of its product lines. Expulsion of the company from the Dow Jones Industrial Average; Improvement of the company's use of selling space; Improvement of competition with discount store chains.

  • This Christmas is anything but merry at Sears. Morrell, Lisa // Crain's Chicago Business;12/21/98, Vol. 21 Issue 51, p3 

    Reports on the financial problems besetting Sears, Roebuck and Co. Weak 1998 fourth-quarter sales; Merchandising problems; Poor stock market performance; Plan to strengthen private label offerings and add products and brands in order to boost revenue; Planned job cuts at Sears' Hoffman Estates...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics