Sears

Sears, Roebuck and Company
Company typeSubsidiary
IndustryRetail
Founded1886 (1886) (legacy)
1892 (1892) (first incorporation)
1906 (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)[1]
Decrease US$ -1.448 billion (2016)[1]
ParentSears Holdings
(2005–2019)
Transformco
(2019–present)[2]
SubsidiariesSee below
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. Sears was the largest retailer in the country until Walmart had more sales in October 1989.[3]

Sears closed all 140 of its Canadian stores in 2017.[4] Its 75 stores in Mexico have been operated by Grupo Carso since 1997.[5]

Sears filed for bankruptcy on October 15, 2018.[6]

On June 3, 2019, the Sears assets were purchased by Transform Holdco.[7]

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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