Department store retailer Sears Holdings Corporation has hired Daniel 'Hugo' Malan as SVP and president of its Fitness and Sporting Goods unit.

Malan joins the company from Barclays Capital where he served as managing director.

"Sears is America's number one fitness retailer," said interim CEO and president Bruce Johnson.

"As we continue to leverage those businesses that distinguish us from our competition, we established a Fitness and Sporting Goods business unit.

"Hugo's experience at developing and executing new market growth strategies, optimising resource allocation and strong leadership skills make him a great addition to our executive team."