UPDATE 4-Sears says CEO to step down in early February
* Decision influenced by family illness - source
* D'Ambrosio steps down after two years at the helm
* Quarter-to-date same-store sales down 1.8 percent
* Kmart same-store sales down 3.8 percent
* Chief merchandising officer Boire seen as next CEO-analyst
By Dhanya Skariachan and Sakthi Prasad
Jan 8 (Reuters) - Sears Holdings Corp said late on Monday Chief Executive Louis D'Ambrosio will step down for family health reasons after the U.S. retailer reported a 1.8 percent decline in quarter-to-date sales at stores open at least a year.
Edward Lampert will assume the role of Sears CEO in addition to his current role as chairman, Sears said in a statement late on Monday. Lampert's hedge fund, ESL Investments, had a 34.14 percent stake in Sears Holdings as of Nov. 30, according to Thomson Reuters data.
A person close to the situation told Reuters that D'Ambrosio's decision was influenced by a close family member's medical situation. Continued...