Sears

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Sears, Roebuck and Company
TypeSubsidiary
IndustryRetail
FateChapter 11 Bankruptcy
When it was created1886; 133 years ago (1886) (legacy)
1892; 127 years ago (1892) (first incorporation)
1906; 113 years ago (1906) (second incorporation)
Chicago, Illinois
HeadquartersHoffman Estates, Illinois, United States
Number of locations506 (Q2 2018)[1]
Area served
  • United States
  • Mexico
Things made
  • Clothing
  • footwear
  • bedding
  • furniture
  • jewelry
  • beauty products
  • appliances
  • housewares
  • tools
  • electronics
Money earnedDecrease US$ 13.8 billion (2016)[2]
Operating incomeDecrease US$ -1.448 billion (2016)[2]
ParentSears Holdings
(2005–present)
SubsidiariesSee below
Websitesears.com
Sears Essentials store in West Palm Beach, Florida

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

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]

References[change | change source]

  1. "Sears Holdings Second Quarter 2018 Earnings Results" (PDF). Sears Holdings. Retrieved September 13, 2018.
  2. 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.
  3. "1990 Sales Lift Wal-mart Into Top Spot". 15 February 1991. 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.