Sears
American multinational department store chain
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.[source?] It was the biggest retailer in the country until Walmart had more sales in October 1989.[4]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1886 (legacy) 1892 (first incorporation) 1906 (second incorporation) Chicago, Illinois |
| Founders | |
| Fate | Chapter 11 Bankruptcy |
| Headquarters | , United States |
Number of locations | 13 (December 2023)[1] |
Area served |
|
| 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]
References
change- ↑ 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 (pdf) (Report). United States Securities and Exchange Commission. p. 41. Retrieved 4 November 2017.
- ↑ "ESL Investments Completes Acquisition of Sears Holdings' Assets". Retrieved December 28, 2023.
- ↑ "1990 Sales Lift Wal-mart Into Top Spot". 15 February 1991. Archived from the original on 4 September 2013. Retrieved 15 January 2014.
- ↑ "Sears closing after 65 years in Canada; court grants complete liquidation". Global News. Retrieved 2018-02-14.
- ↑ Reuters (1997-04-03). "Sears to Sell Stake in Mexican Unit to Grupo Carso". The New York Times. ISSN 0362-4331. Retrieved 2018-02-14.
{{cite news}}:|last=has generic name (help) - ↑ Corkery, Michael (2018-10-14). "Sears, the Original Everything Store, Files for Bankruptcy". The New York Times. ISSN 0362-4331. Retrieved 2020-03-09.
- ↑ "Sears Parent Co. Buying Sears Hometown And Outlet Stores". CBS Chicago. Retrieved December 28, 2023.
Other websites
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