Sears

Sears, Roebuck and Company
Company typeSubsidiary
IndustryRetail
Founded1886; 140 years ago (1886) (legacy)
1892; 134 years ago (1892) (first incorporation)
1906; 120 years ago (1906) (second incorporation)
Chicago, Illinois
Founders
FateChapter 11 Bankruptcy
Headquarters
Hoffman Estates, Illinois
,
United States
Number of locations
5
Area served
  • United States
Products
  • Clothing
  • footwear
  • bedding
  • furniture
  • jewelry
  • beauty products
  • appliances
  • housewares
  • tools
  • electronics
RevenueDecrease US$ 13.8 billion (2016)
Decrease US$ -1.448 billion (2016)
ParentSears Holdings
(2005–2019)
Transformco
(2019–present)
Websitesears.com
Sears Essentials store in West Palm Beach, Florida

Sears, Roebuck and Company, known better as Sears, is an American department store chain with about 5 stores left in the United States.

The first store opened in 1906.[source?] Sears was the largest retailer in the country until Walmart had more sales in October 1989.

Sears closed all 140 of its Canadian stores in 2017. Its 75 stores in Mexico have been operated by Grupo Carso since 1997.

Sears filed for bankruptcy on October 15, 2018.

On June 3, 2019, the Sears assets were purchased by Transform Holdco.

References

  1. 1 2 Sears Holdings Corporation (2016). 2016 Form 10-K, Sears Holding Corporation (pdf) (Report). United States Securities and Exchange Commission. p. 41. Retrieved 4 November 2017.
  2. ↑ "ESL Investments Completes Acquisition of Sears Holdings' Assets". Retrieved December 28, 2023.
  3. ↑ "1990 Sales Lift Wal-mart Into Top Spot". 15 February 1991. Archived from the original on 4 September 2013. Retrieved 15 January 2014.
  4. ↑ "Sears closing after 65 years in Canada; court grants complete liquidation". Global News. Retrieved 2018-02-14.
  5. ↑ "Sears to Sell Stake in Mexican Unit to Grupo Carso". The New York Times. 1997-04-03. ISSN 0362-4331. Retrieved 2018-02-14.
  6. ↑ Corkery, Michael (2018-10-14). "Sears, the Original Everything Store, Files for Bankruptcy". The New York Times. ISSN 0362-4331. Retrieved 2020-03-09.
  7. ↑ "Sears Parent Co. Buying Sears Hometown And Outlet Stores". CBS Chicago. Retrieved December 28, 2023.

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