TV Station KWQC reports this change at Target’s former Marshall Field’s unit:
Sears, Roebuck and Company says it’s plucked Luis Padilla from rival Target Corporation to become its first president of merchandising.
Padilla last served as executive vice-president for merchandising in Target’s recently sold Marshall Field’s unit.
Sears says Padilla’s experience in department-store and discount environments, and in mall and non-mall formats, will help growth “on all fronts.” He’ll report to Chairman and Chief Executive Alan Lacy.
Great move for Sears – will be interesting to see what happens.