Sears
Sears, Roebuck and Company, usually called Sears, is a department store chain with about 13 stores in the United States, 12 in the mainland United States and 1 in Puerto Rico.[1] The first store opened in 1906. It was the biggest retailer in the country until Walmart had more sales in October 1989.[4]
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| Subsidiary | |
| Industry | Retail |
| Fate | Chapter 11 Bankruptcy |
| Founded | 1886 (legacy) 1892 (first incorporation) 1906 (second incorporation) Chicago, Illinois |
| Founders | |
| Headquarters | , United States |
Number of locations | 13 (December 2023)[1] |
Area served |
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| Products |
|
| Revenue |  US$ 13.8 billion (2016)[2] |
| US$ -1.448 billion (2016)[2] | |
| Parent | Sears Holdings (2005–2019) Transformco (2019–present)[3] |
| Subsidiaries | See below |
| Website | sears |
Sears had to close all 140 of its stores in Canada in 2017.[5] Its 75 stores in Mexico have been operated by Grupo Carso since 1997.[6]
Sears filed for bankruptcy on October 15, 2018.[7]
On June 3, 2019, the Sears assets were purchased by Transform Holdco.[8]
Sears Media
The exterior of the former Sears Merchandise Building Tower, now the John D. and Alexandra C. Nichols Tower
Former Sears Catalog Distribution Center and Retail Store, now Crosstown Concourse, in Memphis, Tennessee
Store in Raleigh, North Carolina (c. 1952)
Typical Sears mall anchor store in the Lloyd Center in Portland, Oregon, shown here in 2017. The store closed in 2018.
Sears at Bello Monte in Caracas, Venezuela, in 1950
The former Sears Tower, now the Willis Tower, in Chicago
A closed Sears store at Stones River Town Centre, in Murfreesboro, Tennessee, in April 2019, with signage still intact. The store closed two months earlier, in February 2019.
A new Sears Home & Life store in Lafayette, Louisiana, as depicted in November 2020. It closed in May 2023 along with all other remaining small-format Sears stores in the U.S.
The Sears store at Woodfield Mall in Schaumburg, Illinois, the last Illinois Sears store to close on November 14, 2021
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References
- ↑ 1.0 1.1 "Sears is a shell of its former self". Retail Dive. Retrieved December 28, 2023.
- ↑ 2.0 2.1 Sears Holdings Corporation (2016) 2016 Form 10-K, Sears Holding Corporation , United States Securities and Exchange Commission, 41. Report.
- ↑ "ESL Investments Completes Acquisition of Sears Holdings' Assets". Retrieved December 28, 2023.
- ↑ 1990 Sales Lift Wal-mart Into Top Spot. 15 February 1991. http://articles.sun-sentinel.com/1991-02-15/business/9101080852_1_wal-mart-stores-supercenter-stores-hypermart-usa-units. Retrieved 15 January 2014.
- ↑ (in en) Sears closing after 65 years in Canada; court grants complete liquidation. https://globalnews.ca/news/3801730/sears-canada-closing/. Retrieved 2018-02-14.
- ↑ Reuters (1997-04-03) (in en-US). Sears to Sell Stake in Mexican Unit to Grupo Carso. . https://www.nytimes.com/1997/04/03/business/sears-to-sell-stake-in-mexican-unit-to-grupo-carso.html. Retrieved 2018-02-14.
- ↑ Corkery, Michael (2018-10-14). "Sears, the Original Everything Store, Files for Bankruptcy" (in en-US). The New York Times. . https://www.nytimes.com/2018/10/14/business/sears-bankruptcy-filing-chapter-11.html. Retrieved 2020-03-09.
- ↑ "Sears Parent Co. Buying Sears Hometown And Outlet Stores". CBS Chicago. Retrieved December 28, 2023.
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