Content about Calvin McDonald

October 28, 2013

Roughly one month after the news of his resignation, former Sears Canada CEO Calvin McDonald has disclosed his new position as president and CEO of Sephora Americas.

Effective Jan. 1, McDonald will replace David Suliteanu, who has served as president and CEO since 2000 and will move on to become CEO of Kendo Brands, a separate entity of parent company LVMH.

October 11, 2013

A report from Cleveland Research points to significant management turnover at Sears, which has been linked to frustrations over inventory reduction aimed at improving cash flow.

The activity is nothing new for the struggling retailer, whose sales have dropped every year since 2007. Turnover has been a continued theme, with former CEO Louis D'Ambrosio exiting the scene in February and chairman Edward Lampert, who had no experience in retail, taking his place.

September 26, 2013

Sears Canada spokesperson Vincent Power has responded to HCN's request for comment over the departure of CEO Calvin McDonald, who sources say left over a disagreement with Sears Holding Corp. as well as disappointment with the struggling retailer's progress.

September 25, 2013

Sears Canada CEO Calvin McDonald has resigned from his position for a new job opportunity. The move comes in the midst of a three-year restructuring initiative to strengthen the retailer's position in the region against new competition from Target and Wal-Mart.

Previous executive VP and COO Douglas C. Campbell, who is also a retired Marine Corps officer, took his place as CEO and president, as well as a member of the company's board of directors, effective Tues., Sept. 24.

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