Sears Canada reorganizes

TORONTO — Sears Canada is shaking up its organizational structure under the guidance of Executive Chairman Brandon Stranzl, with Heywood Wilansky, veteran CEO of several retailers and a director of the company, newly named as Senior Advisor for Merchandising, Marketing, and Retail. The company is focusing on four components of its corporate strategy. Sears 2.0 is updating the banner’s retail layout with a view to increasing inventory turnover. Initium Commerce Lab is an initiative to develop technologies in support of Sears’s current business as well as improving its e-retail platform. At the same time, the company is targeting its real estate portfolio and cost structure for greater efficiency.