Sears

Sears, Roebuck and Company, usually called Sears, is a department store chain with about 600 stores in the United States. The first store opened in 1906. It was the biggest retailer in the country until Walmart had more sales in October 1989.[3]

Sears, Roebuck and 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
506 (Q2 2018)[1]
Area served
  • United States
  • Mexico
Products
  • Clothing
  • footwear
  • bedding
  • furniture
  • jewelry
  • beauty products
  • appliances
  • housewares
  • tools
  • electronics
RevenueDecrease US$ 13.8 billion (2016)[2]
Decrease US$ -1.448 billion (2016)[2]
ParentSears Holdings
(2005–present)
SubsidiariesSee below
Websitesears.com
Sears Essentials store in West Palm Beach, Florida

Sears had to close all 140 of its stores in Canada 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]

References
  1. "Sears Holdings Second Quarter 2018 Earnings Results" (PDF). Sears Holdings. Retrieved September 13, 2018.
  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.
  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. 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)
  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.
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