Dive Brief:

• Sears Canada CEO Doug Campbell is exiting after just a year, citing a need to attend to personal issues.

• Analysts questioned whether the retailer can handle the change, which comes as Sears Canada failed to lure buyers at auction this month. 

• The news adds to the woes of Sears Canada and parent company Sears Holding Corp. 

Dive Insight:

Doug Campbell says he will be gone from Sears Canada by Jan. 1, and that is a major challenge for Sears Canada and its parent, Sears Holding Corp. at an extremely difficult time. Sears CEO Eddie Lampert has quite a project on his hands, and analysts are increasingly doubtful that he can pull off a turnaround. The criticism of his neglect of Sears stores and merchandise has moved on now to simply predicting the end of the road for this once-iconic retailer.