Sears (SHLD) has hired Sony market exec Steve Haber to run its home-appliance business. The...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sears (SHLD) has hired Sony market exec Steve Haber to run its home-appliance business. The business made up 16% of Sears' 2011 sales, but it has been struggling to deal with tough competition from Home Depot (HD) and Lowe's (LOW), and had much to do with the 3% same-store sales declined witnessed by Sears last year.  (PR) (previously)