What is Sears & Sears Review

What is Sears & Sears Review

Sears , Roebuck and Company (commonly known as Sears) is an American department store chain founded by Richard Warren Sears and Alvah Curtis Roebuck. It is a leading diversified retail company that provides merchandise and related services. It was later re-registered in 1906 by Richard Sears and new partner Julius Rosenwald. On October 15, 2018, the company filed for bankruptcy protection in the United States court.


About Sears

·Sears, a century-old American department store, sells a wide range of household goods, clothing and automotive products, including a full range of household living supplies, and is the most trusted shopping choice for American families. Sears also provides a variety of goods and services through sears.com, landsend.com and specialty catalogs. Sears is the only retail store where consumers can find brands such as Kenmore, Craftsman, DieHard and Lands End, which are the most reputable and best-selling brands in the United States. The company is the largest product repair service provider, providing more than 14 million services each year. It is known as the "king of department stores" by the American people and enjoys the reputation of the Academy of Retail Science in the Western business community.

Business scope: home appliances, toys, jewelry, clothing, beauty products, daily necessities, household items, etc.


Logo Changes

1963-1984:

1984-1994:

1994-2004 (still used in Mexico, Puerto Rico, and some parts of the United States):

2004-2008 (2004-2016 in Canada):


Important development history

-In 2002, Fortune magazine ranked Sears 83rd on the Fortune 500 list with sales of $41.1 billion.

-In 2003, it ranked 81st with sales of US$41.4 billion, behind Wal-Mart, Carrefour, Metro and other companies.

-Formed in 2005 from the acquisition of Sears (Troy, Michigan) by Kmart, the company was once the tenth largest retailer in the United States in terms of annual revenue.

-On January 15, 2017, Sears Holdings sold Craftsman to Stanley Black & Decker for $900 million.

- Due to its inability to compete with e-commerce, Sears Holdings' debts gradually increased. On October 15, 2018, the company filed for bankruptcy protection in the U.S. court. According to the bankruptcy filing, Sears Holdings' assets are worth about $6.9 billion and its liabilities are $11.3 billion.

<<:  What is MaBang ERP & MaBang ERP Review

>>:  What is Webinterpret & Webinterpret Review

Recommend

What is Tianyi Logistics? Tianyi Logistics Review, Features

Tianyi Logistics is a dedicated service provider ...

What is Ware2Go? Ware2Go Review, Features

<span data-docs-delta="[[20,{"gallery"...

What is Majority? Majority Review, Features

Majority is the all-in-one mobile bank for US imm...

Top selling pictures suspected to be stolen! Arrow pointed at Temu sellers

Temu has been developing rapidly in overseas mark...

What is vuarnet? vuarnet Review, Features

Vuarnet is a brand focusing on eyes. About VuarNet...

6 North American DTC trends to watch in 2021

As we head into 2021, DTC brands will continue to...

Amazon launches free shipping software, a new benefit for sellers?

Recently, at the 2022 Amazon Seller Conference Ac...

US e-commerce startup Shipium raises $130 million

U.S. e-commerce startup Stackline has received $1...

What is CKH International Freight? CKH International Freight Review, Features

CKH Logistics (Shenzhen CKH Logistics Co., Ltd.) i...

What is Prisma Medios de Pago? Prisma Medios de Pago Review, Features

Prisma Medios de Pago is the leading payments com...