More worrisome news for Sears Holdings. Kmart President and Chief Member Officer Alasdair James has left the company, according to Business Insider.
James is the third executive to leave the company in recent months. Sears’ EVP Jeffrey Balagna and Sears President and Chief Member Officer Joelle Maher both departed in December 2016. Business Insider has reported that only 11 people are left on Sears’ senior management team.
Earlier this year, Sears Holdings announced that it will be shuttering 109 Kmart stores in early 2017. Sears and Kmart currently operate approximately 1,400 stores total. The closures and the thinning of its executive ranks contribute to the impression that Kmart may not stay afloat much longer.
James joined the company as President and Chief Member Office of Kmart in 2014. His role as Chief Member Officer was a new title designed around Kmart’s Shop Your Way loyalty program. Prior to joining the company, he serviced as Commercial Director of Global Business at UK-based supermarket retailer Tesco.