What has replaced the Sears catalog

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Sears, Roebuck and Co., general known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1892, and reincorporated by Richard Sears andJulius Rosenwald in 1906. Formerly based at Sears Tower in Chicago and currently based in Hoffman Estates, Illinois, began operations as a mail order catalog company and began opening retail locations in 1925. The first location was in Chicago, Illinois. In 2005, the company was bought by the management of the American big box chainKmart, which Sears Holdings founded after the merger was completed.

By the 1980s, Sears was the largest retailer in the United States; Walmart and Kmart surpassed Sears in sales in 1990. In 2018, Sears was the 31st largest retailer in the United States. After several years of declining sales, Sears parent company filed for Chapter 11 bankruptcy on October 15, 2019, and won its searches and searches on January 25. Still, the trend of Sears and Kmart store closures continues. Only 95 stores, including 61 Sears stores, are likely to remain open in July 2020 after a wave of store closings.

Early history

19th century

Richard Warren Sears Julius Rosenwald

In 1863, Richard Warren Sears was born in Stewartville, Minnesota, to a wealthy family who moved to the nearby Spring Valley. In 1879, Sears' father died in a speculative stock deal shortly after losing his family fortune. Sears moved across the state to work as a station agent in North Redwood and Minneapolis.

In North Redwood, a jeweler refused to deliver watches. Sears bought it, then sold it to the station agents at a low price and made a profit. He started a mail order business in Minneapolis in 1886, calling it the R.W. Sears Watch Company. Within the first year he met Alvah C. Roebuck, a watch repairer. In 1887, Sears and Roebuck moved business to Chicago; later that year, the R.W. Sears Watch Company launched Richard Sears' first mail order catalog of watches, diamonds, and jewelry.

In 1889, Sears sold his business for US $ 100,000 ($ million today) and relocated to Iowa to be a rural banker. Sears returned to Chicago in 1892 and set up a new mail order company that was again selling watches and jewelry, with Roebuck as his partner, trading as the A. C. Roebuck Watch Company. In 1893 they named the company in Sears, Roebuck and Co. around and began to diversify the product lines offered in their catalogs.

Prior to the Sears catalog, farmers near small rural towns typically bought supplies, often at high prices and on credit, from local general stores with narrow product ranges. The prices were negotiated and were based on the warehouse keeper's estimate of a customer's creditworthiness. Sears took advantage of this by publishing catalogs that offer customers a wider range of products at clearly defined prices.

By 1894, the Sears catalog had grown to 322 pages, including many new items such as sewing machines, bicycles, sporting goods and automobiles (later produced, from 1905 to 1915, by Lincoln Motor Car Works of Chicago, no relation to the current Ford line). In 1895 the company produced a 532-page catalog. Sales were more than $ 400,000 ($ million today) in 1893 and more than $ 750,000 ($ million today) two years later. In 1896 dolls, stoves, and groceries were added to the catalog.

Despite strong and growing sales, the national panic of 1893 resulted in a widespread recession that resulted in a collapse of money and large quantities of unsold goods by 1895. Roebuck decided to quit, later returning to a journalistic role. Sears offered Roebuck's half of the business to Chicago businessman Aaron Nusbaum, who in turn brought in his brother-in-law Julius Rosenwald, to whom Sears owed money. In August 1895, they bought Roebuck's half of the company for $ 75,000 ($ million today). The company was incorporated into Illinois in August 1895 with a capital stock of $ 150,000 (now $ 150,000). The 1895 transaction was handled by Albert Henry Loeb of the Chicago law firm Loeb & Adler (now Arnstein & Lehr, LLP). Copies of the transactional documents will still be displayed on the walls of the law firm.

20th century

1900-1924

The Exterior of the Sears Merchandise Building Tower Sears and Rosenwald got along well, but not with Nusbaum; they bought it in 1903 for $ 1.3 million (million today). Rosenwald brought the mail order company a rational management philosophy and diversified product lines: dry goods, consumer goods, drugs, hardware, furniture and almost everything else that an agricultural household could want.

Revenue continued to grow rapidly, and the company's wealth and vision for greater expansion led Sears and Rosenwald to take the company public in 1906 with a $ 40 million share placement ($ billion today). They had to start a new business to make the operation public; Sears and Rosenwald founded Sears, Roebuck and Company with the legal name Sears, RoebuckandCo., in New York State, which effectively replaced the original company. Today's company inherits the history of the old company, celebrating the original founding in 1892, rather than the 1906 revision, as the start of the company.

Sears' successful initial public offering (IPO) in 1906 marks the first major retail initial public offering in American financial history, and financially represents the coming of age for the consumer sector. The company traded under the ticker S and was part of the Dow Jones Industrial Average from 1924 to 1924 1999.

In 1906, Sears opened its catalog facility and the Sears Merchandise Building Tower on Chicago's West Side. The building was the anchor of what would become the massive 40 acres Sears, Roebuck, and Company Complex of offices, laboratories, and mail order businesses on Homan Avenue and Arthington Street. The complex served as the company's headquarters until the Sears Tower was completed in 1973 and served as the base of the mail order catalog business until 1993.

By 1907, under Rosenwald's leadership as Vice President and Treasurer, the company's annual sales rose to approximately $ 50 million ($ billion today). Sears resigned the presidency in 1908 due to declining health, with Rosenwald becoming president and chairman of the board and assuming full control.

The company was seriously injured in 1919-21 when a major depression hit the country's farms after farmers over-expanded their operations. To save the company, Rosenwald pledged $ 21 million (now billions of dollars) of his personal fortune in 1921. By 1922, Sears had regained financial stability.

1925-1949

As the nation urbanizes, Sears' business model faces competition from city department stores. The mail order market was based on rural America, with a slowly growing population and far less spending power than urban America. Rosenwald decided to shift the focus to urban America and brought in Robert E. Wood to cover the costs. Rosenwald oversaw the design and construction of the company's first department store, which was built in the countryside at the Sears, Roebuck and Company Complex. The store opened in 1925. In 1924 Rosenwald resigned from the presidency, but remained chairman until his death in 1932; his goal was to devote more time to philanthropy.

The first Sears retail stores were groundbreaking, breaking conventions of the time in three ways: first, their location away from the main shopping districts, second, their innovative store design, and third, their unconventional product mixes and retail practices.

The first store opened on February 2, 1925 as an experiment at the North Lawndale Sears, Roebuck and Company Complex. Despite its remote location on the outskirts of Chicago, its success resulted in dozens more openings across the country, many connected to the company's shipping offices, typically in lower-middle-class and working-class neighborhoods far from the main downtown shopping district. This was considered highly unconventional at a time when shopping was concentrated in downtowns, but rapidly increasing car ownership and the brand's huge popularity helped attract customers.

Many shops were designed by the architect George C. Nimmons and his companies at the time. The three-dimensional modeling of the form, i.e. an architecture driven by merchandising needs, rather than the desired external appearance that determines the shape of the building, made the stores excellent examples of modern architecture of the time - styles made famous by Bertram Goodhue and Eliel Saarinen were made.

The shops are geared towards motorists, stand out from existing business districts in the middle of residential areas that are occupied by their target audience, had plenty of free parking spaces and conveyed a clear corporate identity. In the 1930s, the company designed fully air-conditioned, "windowless" stores like Sears-Pico in Los Angeles, which were the first to have open retail space (rather than breaking up the floor into discrete sections).

Sears was also a pioneer in creating department stores for men and women, mostly with lines of hardware and building materials. It de-emphasized the latest fashions in favor of practicality and durability, and allowed customers to select goods without the help of a club. In 1933, Sears released the first of its Christmas catalogs known as the "Sears Wishbook," a catalog of toys and gifts separate from the annual one Christmas catalog. From 1908 to 1940 it included finished Sears Catalog Home Kit houses.

The Sears catalog became known in the industry as "The Consumer's Bible". The company sold to overseas customers, like after the American occupation of Greenland in World War II, when locals ordered from catalogs left by soldiers. Novelists and storytellers often portrayed the importance of the catalog in the emotional life of the rural folk. The catalog also entered the language, especially the rural population, as a euphemism for toilet paper, as its pages could be torn out and used as such. In addition, the Sears Catalog has been a major retail alternative to local white-dominated stores for many rural African Americans, especially in areas that have been segregated by Jim Crow, avoiding the stores' frequent intent to deny them fair access to their wares .

Sears opened its first store in Mexico City in 1947; Mexican stores would later spin in Sears Mexico, which operated more than 90 stores across Mexico in 2020.

1950-1999

The Sears Tower, now Willis Tower, from the 1920s to 1950s, Sears built many urban department stores in the United States, Canada, and Mexico (aside from, but not far from, existing central business districts), and they overshadowed the mail order business. Starting in the 1950s, the company expanded into suburban markets and shopping malls in the 1960s and 1970s. In 1959 the Homart Development Company founded it for the development of shopping centers. Many of the company's stores have been renovated or replaced since the 1980s. Sears began diversifying in the 1930s, founding Allstate Insurance Company in 1931 and placing Allstate agents in its stores in 1934. Over the decades it established major national brands such as Kenmore, Craftsman, DieHard, Silvertone, Supertone and Toughskins . In the mid-20th century, the company became a conglomerate, adding Dean Witter and Coldwell Banker Real Estate in 1981, starting Prodigy as a joint venture with IBM in 1984, and introducing the Discover credit card in 1985.

In 1974, Sears completed the 110-story Sears Tower in Chicago, which became the tallest building in the world, a title it received from the former towers of the World Trade Center in New York. Sears moved to the new Prairie Stone Business Park in Hoffman Estates, Illinois between 1993 and 1995. The Sears Center is a 10,001-seat multipurpose arena located in Hoffman Estates adjacent to the Prairie Stone Campus.

Sears peaked in 1972-4 after which it was challenged by other retailers such as Home Depot, Best Buy, and Walmart with challenges that Sears ultimately couldn't handle.

In 1988, Sears, Roebuck bought Western Auto from Wesray Capital.

A number of price scandals were uncovered in the 1990s. California successfully sued the company in 1992 for finding other reasons wrong with automobiles for repair. In 1997 criminal charges were filed.

It took a lot of diversification, but it took management attention away from the competition. Management, at first, discounted the threat from Walmart and Best Buy because of the lower quality and lack of dedicated vendors for equipment. However, the devices slowly turned around and contributed weakly to net profit. As it turned out, Walmart reset prices for the country.

Although his naming rights to the building expired in 2003, the Sears Tower remained named as such until early 2009. In March 2009, the London insurer Willis Group Holdings, Ltd. the building's naming rights to encourage them to occupy the building. The official renaming to Willis Tower took place on Thursday, July 16, 2009 during a public ceremony hosted by Willis Group Holdings.

In the 1990s, the company began divesting itself from many non-retail businesses, which was detrimental to the company's bottom line. Sears has spun off its financial services arm, which included the Dean Witter Reynolds and Discover Card brokerage businesses. In 1995 it sold its shopping mall building subsidiary Homart to General Growth Properties. Sears later acquired hardware chain Orchard Supply Hardware in 1996 and started home improvement store The Great Indoors in 1997.

The cost of selling the once very influential general catalog of goods became negligible; Sales and profits were down. In 1993 the company discontinued the catalog. It fired 50,000 workers who completed the orders. This was before the internet became an effective tool. With the benefit of hindsight, the timing was poor; Sears already had in place what it took Amazon and Walmart years to accomplish.

Sears eventually stopped sales for all items. The dedicated customer would just wait until the item was on sale to buy. In the meantime, the article took up valuable space. This was a misjudgment of the marketing policy.

After weeks of speculation in 1998, Sears announced that it had sold the remnants of Western Auto to Roanoke-based Advance Auto Parts. The business deal wasn't quite what experts in the after-market automotive industry expected. In particular, in turn, Sears, Roebuck became "one of the largest shareholders" after acquiring a 40% stake in Advance Auto Parts, and by merging their two store networks, which include Western Auto Wholesale and Retail. More specifically, Advance Auto Parts' existing network of 915 stores in 17 states merged with 590 Parts America stores in addition to 40 Western Auto stores in the Commonwealth of Puerto Rico. In 1997, Sears sold 85% of its Mexico subsidiary to Grupo Carso. Sears Holdings continues to produce specialty catalogs and is relaunching a smaller version of the Holiday Wish Book in 2007.

2000-2003

In 2003, Sears sold its US retail credit card operations to Citibank. The remaining card operations for Sears Canada were sold to J organ Chase in August 2005. In 2003, Sears opened a new concept store called Sears Grand. Sears Grand Stores carry everything a regular Sears wears and a lot more. Sears Grand Stores are approximately 175,000 to 225,000 square feet.

History under Sears Holdings

2004-2009

On November 17, 2004, Kmart Holdings Corporation announced that it would acquire Sears, Roebuck, and Co. for $ 11 billion after Kmart went bankrupt (USA Today, November 17, 2004). In the course of the takeover, the Kmart Holding Corporation was transformed into the new Sears Holdings Corporation together with Sears, Roebuck and Co. The new company began trading on the NASDAQ exchange as SHLD; Sears sold its single letter ticker symbol "S" on the New York Stock Exchange, which had held it to Sprint Corporation since 1910. The new company announced that it would continue to conduct business under the Sears and Kmart brands. In 2005 the company began renovating some Kmart stores and converting them to the Sears Essentials format only to later convert them to Sears Grands. The combined company's profits peaked at $ 1.5 billion in 2006.

2010-2019

By 2010 the company was no longer profitable; from 2011 to 2016 the company lost $ 10.4 billion. In 2014, total debt ($ 4.2 billion as of January 2017) exceeded market capitalization ($ 974.1 million as of March 21, 2017).

Sears spent much of 2014 and 2015 selling portions of its balance sheet, namely Lands' End and its stake in Sears Canada, one of Canada's largest e-commerce players, with 2015 sales of C $ 505 million Walmart and others who had started aggressively pushing into online sales, like Canadian Tire. Sears said the company wants to focus on becoming a technical retailer. Sears CEO and top shareholder said last year's sell-off of key assets had given the retailer the money it needs to accelerate its transformation. Sears Holdings had lost a total of $ 7 billion in the four years to 2015. In part, the trader tried to contain losses by using a loyalty program called Shop Your Way. Sears believed that the membership system would improve the repetition of business and customer loyalty over the long term.

In 2015, Sears Holdings spun 235 Sears and Kmart properties into a real estate investment trust called SerequalGrowth Properties. In September 2016, Sears Holdings canceled 17 Kmart store leases and paid a termination fee. Lampert is also the chairman and largest shareholder in Sero. SerequalGrowth Properties is controlled by ESL Investments.

In October 2016, Moody's Investor Services downgraded Sears to a speculative liquidity rating, predicting that Sears is likely to need external funding and monetization of its alternative assets, according to Moody's VP Christina Boni.

In late 2016 and early 2017, Edward Lampert, President, Chief Executive Officer and top shareholder of Sears Holding Corp. Lampert is also the founder and manager of hedge fund ESL Investments Inc., with personal fortune estimated at $ 2 billion. He provided an additional $ 500 million loan for the company and said he would send letters of credit to Sears for to provide additional amounts, reportedly increasing to a total of US $ 200 million and possibly to half a billion dollars in the future.

Lampert also made an arrangement that sold the Craftsman brand to Stanley Black & Decker Inc. for approximately US $ 900 million. During that period, the company also announced it would close 150 stores (109 Kmart and 41 Sears stores) to reduce its losses after a 12 to 13 percent drop in sales in the holiday season and the largest quarterly loss since 2013. Matt McGinley, an analyst at Evercore ISI, said, "In the long run, money is unlikely to change the course of the company. I don't think there is a viable path to any kind of profitability."

In February 2017, Sears announced a restructuring plan that should cut costs by $ 1 billion by selling more stores, cutting jobs, and selling brands. In the second quarter of 2017, 42 Sears stores in 40 states closed. Sears later announced that it has closed another 12 stores. In May 2017, Sears announced it would close 20 stores, including the last Sears store in Rhode Island on the Rhode Island Mall in Warwick. In July 2017, Sears announced that it would close an additional 43 stores (8 Sears and 35 Kmart stores).

Search decreased from more than 3,500 physical stores to 695 US stores from 2010 to 2017. Sales in Sears stores were down 10.3 percent in the final quarter of 2016 compared to the same period in 2015.

In October 2017, Sears and equipment maker Whirlpool Corporation ended their 101-year association, allegedly due to pricing issues, even though Whirlpool Sears continued to supply Kenmore-branded equipment. Another wave of 63 store closures, including 18 Sears, was announced in November 2017. The retailer declined to do TV advertising for the 2017 holiday season, citing a desire to focus on online advertising. The retailer announced several waves of store closings in 2018:

  • 103 stores, including 39 Sears, in January.
  • 63 stores, including 48 Sears, in May, including the last Sears store in Montana, in Billings, the last Sears store in North Dakota, in Grand Forks, and the last Sears store in South Dakota, in Sioux Falls.
  • 15 stores, including 6 Sears, in July.
  • 46 stores, including 33 Sears, in August, with the last Utah store in West Jordan downsized by the first and largest Sears Grand in 2017.
  • 142 stores, including 79 Sears in October, with the last Wyoming store in Casper.
  • 40 stores, including 29 Sears in November, with the last Idaho store in Idaho Falls and the last Mississippi stores in Meridian and Tupelo.
  • 80 stores, including 43 Sears, in December, all closed through March 2019.

The company also auctioned some properties online, including the buildings of several corporate stores.

In May 2018, Sears announced that it had formed a "special committee" to investigate the sale of Kenmore. In August 2018, Lampert's ESL Investments Inc submitted a US $ 400 million offer for the brand. As of October 14, 2018, with Sears filing for Chapter 11 bankruptcy protection, undecided about the future of both Kenmore and DieHard brands, it has been rumored online and elsewhere that Whirlpool Corporation could emerge as a possible top buyer for the Kenmore brand since they have been the main manufacturer of Kenmore equipment for well over a century.

Bankruptcy 2018

On September 24, 2018, the dealer's CEO warned that the company was "running out" of time to save its business. Sears Holdings filed for Chapter 11 bankruptcy on October 15, 2018, before paying a debt of $ 134 million that day. Liquidation sales in 142 stores, including 79 Sears locations, including the last Sears store in Wyoming, Eastridge Mall in Casper, began later in the month, and in August 2018, Sears Holdings announced that it had 13 Kmart stores by November 2018 and 33 Sears stores will be closed. On November 8, 2018, Sears Holdings announced it would close an additional 40 stores, including 29 Sears stores, including the last Sears store in Idaho, at the Grand Teton Mall in Idaho Falls and the last two Sears stores in Mississippi, in the Bonita Lakes Mall in Meridian and Mupnes Crossing. On November 23, 2018, Sears Holdings released a list of 505 stores, including 266 Sears stores, that are for sale in bankruptcy while all others are currently holding liquidation sales.

On January 16, 2019, Sears Holdings announced it would remain open after Lampert won a bankruptcy auction for the company with an offer for around 400 stores. On February 7, 2019, a bankruptcy judge approved a $ 5.2 billion plan by Sears chairman and largest shareholder to keep the business going. The approval means that around 425 stores, including 223 Sears stores, and 45,000 jobs will be retained.

Ongoing operations as part of Transformco

A closed Sears store in the Stones River Town Center, Murfreesboro, Tennessee in April 2019, with signs still intact. The store closed on February 11, earlier this year, and in April 2019, Sears announced that it was opening three new stores with a limited set of goods under the name Sears Home & Life. Also that month, Sears closed its store on the Windward Mall in Kaneohe, Hawaii, and its store in the Oakbrook Center in Oak Brook, Illinois, in what it is the first post-bankruptcy closure for the brand since it was purchased by ESL.

On June 3, 2019, it was announced that Transform Holdco LLC would acquire Sears Hometown and Outlet Stores. As per deal, they may have to divest its Sears Outlet division to get approval. On August 6, 2019, it was announced that 26 stores, including 21 Sears stores, including the last Sears store in Alabama, will be at Riverchase Galleria in Hoover and the last Sears store in West Virginia will be at Huntington Mall in Barboursville, would close in October. On January 23, 2020, it was announced that Sears in Glendale, California would close on March 15, 2020.

In late 2019, Sears sold the DieHard brand name to Advance Auto Parts for $ 200 million.

On February 5, 2020, it was announced that the Sears stores at Livingston Mall in Livingston, New Brunswick, NJ, Woodbridge Center in Woodbridge, NJ and MoorestownMall in Moorestown, NJ will close in mid-April. On February 6, 2020, it was announced that seven more Sears stores will close in mid-April, including the last Sears store in Delaware at Concord Mall in Wilmington.

After Sears reopened, several Sears and Kmart stores halted liquidation sales due to the financial impact of the COVID-19 pandemic.

On June 26, 2020, it was announced that the last Sears store in Maine will close at the Maine Mall in South Portland.

On June 29, 2020, it was announced that the Sears in Rockaway Townsquare in Rockaway, New Jersey would close on September 13, and on June 30, it was announced that the Sears in Hackensack, New Jersey would be the last free-standing Sears Store in the state, will close on September 12th as the laws are only left in New Jersey City Open City, New ...

On November 10, 2020, it was announced that Sears would close seven more stores as TransformCo Properties closed on January 31, 2020, making the last Sears store in Westchester County, New York, at The Galleria in White Plains and the last full -line Sears Store in Connecticut, included in The Shops in Buckland. All seven stores will be closed until Sunday, January 24, 2021 and the number of Sears full-line stores will be further reduced.

On December 18, 2020, it was announced that the Sears Store and Auto Center on the Coastal Grand Mall in Myrtle Beach, South Carolina will close sometime in January 2021.

On December 27, 2020, it was announced that Sears would be closing two more stores in Puerto Rico, one in Las Catalinas Mall in Caguas and the other in Plaza Carolina, Carolina, PR.

In January 2021, Forbes Magazine reported that they were unable to get an exact number of operational stores, with numbers ranging from 74 to 60 in early January. A retail bankruptcy expert at Debtwire calls store closing "a slow motion liquidation."

On January 28, 2021, it was announced that Sears will close 10 more stores. Further closings were announced in mid-February, reducing the number of non-liquidating stores to 29.

Saving formats

Current

A typical full search of the Crystal Mall in Waterford, Connecticut in October 2017. This store closed in late 2018 as part of a plan to close 142 Kmart and Sears locations.

  • Sears (full line) is a chain of department stores, usually located in shopping malls; however, there are some freestanding shops; They wear clothing, accessories, jewelry, household appliances, household appliances, lawn and gardening supplies, lawn mowers, paint, sporting goods, automotive repairs and electronics, as well as a portrait studio it-studio it (in some places), optical center tik and dental. Sears stores are typically multi-level, averaging 139,000 sq. Feet.
  • Sears Grand Stores are typically located away from shopping malls (with the exception of Gurnee Mills, Gurnee, Illinois, which closed September 2018, and Pittsburgh Mills, Tarentum, Pennsylvania, which closed January 2015). Many Sears Grand locations were retrofitted with conversions of the existing Kmart stores after the merger. They carry everything a Sears department store carries, including health and beauty products, a pharmacy (in ex-Kmart locations), toys, baby care, cleaning supplies, household items, pet food, cards and party supplies, books, magazines, music, movies, and one Choice of food mainly limited to dry goods. Sears Grand Stores range from 165,000 to 210,000 m². The first Sears Grand opened in Jordan in 2003. The Jordan Landing Store was the largest in the chain at 225,000 square meters until it was remodeled, downsized and converted into a regular Sears in 2017 and closed in November 2018. Some other Sears Grands have scaled down and converted to regular Sears or Kmart locations.
  • Sears Home & Life are stores that sell "hardline" merchandise such as appliances, tools, mattresses, and lawn and garden tools. These stores are free-standing and have a size of around 10,000 to 15,000 square meters. On April 4, 2019, Sears announced it would open three locations. These stores in Anchorage, AK, Lafayette, LA and Overland Park, KS opened on May 24, 2019.
  • A&E Factory Service is the on-site repair service that maintains larger items such as household appliances, electronics, and garden tools. A&E is a joint venture between Whirlpool and Sears Holdings. Sears acquired the A&E brand in 2001 from the bankrupt Montgomery Ward, where it previously served as A&E Signature Service. It's not clear when Sears will sell Whirlpool a stake in the company. A&E Factory Service is a network of mobile service vans with a long history of performing appliance repairs.
  • Sears Home Services specializes in on-site repair, improvement and maintenance of equipment, HVAC systems, electronics, fitness equipment, lawn & garden, electrical, plumbing, water heaters tankless and tankless, whole house water filtration, insulation installation and removal, crawl space and Cellar services. Sears Home Services also offers in-store repairs of small appliances.
  • Sears carpet and upholstery cleaning provides Carpet, Upholstery, Hardwood Floor Cleaning, Tile & Grout Cleaning Services, helping with water damage emergencies.
  • Sears air duct cleaning services Air duct cleaning, house air filtration systems and dryer vent cleaning.
  • Sears Handyman Solutions plumbing, electrical, installation & assembly, home repair & maintenance, drywall, decks, fencing, and painting
  • Sears Maid Services Home & Apartment Cleaning includes kitchens, bathrooms, bedrooms and living rooms. Cleaning services include sweeping, mopping, dusting, and surface cleaning in rooms throughout the home. Commercial cleaning includes common office space, as well as building services. Post-construction cleaning redevelops living areas after a remodeling or repair project, including wash areas, removal of debris, and general cleaning.
  • Sears garage Solutions Includes Garage Door Sales, Installation & Repair; Garage Door Opener Sales, Installation & Repair; Flooring, organization and storage products. Other services include entry door installation and emergency repair services.
  • ServiceLive, a wholly owned subsidiary of Transform Holdco LLC, connects customers with one or more independent home improvement and repair contractors.
  • Sears Flowers (franchised to Teleflora) website for flowers, plants and gifts for same day delivery.
  • Sears Driving School teaches a federally approved curriculum in the classroom, driving and observing for teenagers and adults.
  • Sears Hometown and Outlet Stores a subsidiary of Sears which operated a number of specialist department stores. In 2012 these stores were spun off into an independent company and part of the former company was re-inquired in 2019.
  • Sears Hometown Stores (formerly known as Sears Authorized Dealer Stores) was formerly part of the retail operations of Sears Holdings and is a retail version (8,500 square feet average); from Sears full-line department stores. Sears Hometown Stores, founded in 1993, is a formula franchise. The stores are typically located away from shopping malls and serve local communities in the United States and Puerto Rico.
  • Sears Home Appliance Showrooms is a store that offers home appliances and related services in-store. The stores have an internet kiosk where customers are able to find similar products, match prices and order products that are not in store. 5,000 square feet average with a mostly appliance showroom design. These stores carry Kenmore and other national brands of home appliances.

Former

A Sears Hardware in Windham, Connecticut that closed in May 2016. The signage was still intact in 2017.

  • Sears Outlet was an outlet version of Sears department stores in various retail locations across the United States. Stores carry new, unique, boxed, leaked, used, scratched and bitten goods at 20-60% off regular retail prices. While a wide variety of products are available, appliances make up a vast majority of the goods available. Sears outlet stores were once known as Sears Surplus. Many of the former Kmarts have been converted into Sears Outlets, although these often take up less than half the floor space. Each store is on average larger than 18,000 square meters.Sears Outlet was part of Sears' spin-off of its home and outlet businesses into its own company in 2012. Sears Outlet was briefly owned by the franchise group from October 2019 to April 2020, after the franchise group became American Freight that same year had acquired.
  • Sears Appliance & Hardware was a chain of hardware stores that carried the full range of Sears hardware and were typically freestanding. At its peak, there were more than 110 Sears Appliance & Hardware stores averaging 28,000 m². In 2005 the stores were expanded to include the full range of Sears. Sears Appliance & Hardware was part of Sears' spin-off of its home and outlet divisions into a separate company in 2012 and was dissolved in 2019.
  • Sears Fashion Outlet was a 30,000 square foot store that had worn end of season, leaking and overflowing apparel items from both Sears and K-Mart stores in the product categories of women, men, children, shoes and accessories, as well as home fashion merchandise such as small kitchen appliances, bedding and bath products. The Sugarloaf Mills store in Lawrenceville, Georgia has been converted into a regular Sears outlet.
  • Lands' End"Sears officially spun off Lands" in late April 2014 amid Sears Holdings 'ongoing financial hardship, including a US $ 1.4 billion loss in 2013. Many Sears full-line domestic locations include a Lands' End "store within a store" inside . Sears Holdings also had stores selling Lands' End clothing and a variety of fashion accessories, shoes, and housewares only prior to the spin-off. These stores, averaging 9,300 square feet, are separate from Sears department stores, usually in outlet malls and regular malls. On October 5th, 2019, Lands 'End Corporate Office made the decision to liquidate all remaining Lands' End Shops in the Sears Full Line Stores. All stores in Sears were officially closed on January 31, 2020. Lands' End continues to sell various types of clothing for men, women and children as well as fashion accessories, shoes and housewares both through its website and an increasing number of stand-alone stores.
  • Sears Essentials was a chain of discounters that were retrofitted from existing Kmart stores. Their product lines were similar to those of Sears Grand Stores. In 2006, Sears dropped the brand while trying to convert Kmart stores into freestanding Sears stores. Most of the 50 buildings with her name have been turned into Sears Grand Stores or converted into Kmarts.
  • National Tire and Battery(NTB) & National Tire Warehouse(NTW) is an American brand of auto service center, outsourced by Sears in 2003. Sears founded the brand in 1997 by consolidating the Tire America (TA) and National Tire Warehouse (NTW) brands and adding the DieHard brand for batteries to the "B" brand. Sears sold the brand, which consisted mostly of stores apart from its name brand stores, to TBC Corporation in 2003. A Sears spokesperson said, "Because of the separate branding and lack of proximity to our retail stores, we have not been able to drive growth as TBC". The chain of 226 stores reportedly posted sales of $ 425 million and a profit of $ 60 million in 2002.
  • Discover Card Introduced in 1986 as part of the Sears Financial Network, spun off in 1993.
  • Sears Brand Central was an electronics store. The device divisions in Sears are now known and internally referred to as Brand Central, although they are not marketed as such to consumers, with the exception of a few locations in Puerto Rico.
  • Sears Catalog Sales Stores were in small towns settled. These stores were very small, even smaller than Sears' current Hometown dealer stores. In catalog shops, some items could be bought at the sales room, e.g. B. Devices; other articles could be ordered from catalogs in the store. These stores were often placed in rural markets that were far from full-line Sears stores, making it easier for customers to purchase Sears products. These stores closed in 1993 when Sears closed its catalog store.
  • Sears Authorized Catalog Sales Merchant was an independent contractor who provided many of the same services as the Sears Catalog Sales Store. Similar operations have been found in Canada with Sears Canada, such as Sears Pickup Locations or Sears Catalog Sales Merchants.
  • Sears Appliance Stores were small stores in the Usually between 7,000 and 10,000 square feet. Sears Appliance Stores displayed and sold appliances, carpeting, etc. (at retail store prices). In addition, a catalog sale was made available through which catalog items could be ordered. Sears Holdings opened a Sears Appliances Store in Colorado in 2016 with plans to add more across the country. As of 2019, four Sears Appliances stores were operational with plans to convert the stores into Sears Home & Life branded stores.
  • Sears Rent-a-Car was a car and truck rental chain that started in a budget joint venture in the mid-1970sfounded has been. It was sold to Avis in 2002.
  • Sears HomeLife was a chain of furniture stores owned by Sears. The concept was introduced in 1989 at a mall in Fresno, California, followed by a standalone store in Madison, Wisconsin. Sears HomeLife averages 20,000 to 40,000 square feet, with dark ceilings, theater lighting, and an expanded line of furniture and accessories. These stores were much larger than the typical store in Sears Furniture Department, which averaged around 7,800 square feet. Sears opened HomeLife Stores as Stores-in-a-Store to replace the existing furniture departments of their entire Sears Stores. Additional Sears HomeLife stores have opened as free-standing locations. Sears sold the stores to Citicorp Venture in 1999, which changed the chain's name to "HomeLife". Depending on space availability, additional locations were opened, some in large Sears stores or near the store. HomeLife closed its last stores in 2001. Several HomeLife locations are still in operation in Puerto Rico.
  • Sears neighborhood was a chain similar to Sears Hometown stores, except that neighborhood stores were in urban markets. These shops were also independently owned and operated. The concept was introduced in Atlanta in 1998, and another similar store was in Cincinnati. The neighborhood stores closed in the early 2000s.
  • The Great Indoors was a chain of free-standing home decor stores that carried high-end home appliances, bedding, and kitchen and bathroom fixtures. The Great Indoors also offered custom kitchen and bathroom design services. The stores were approximately 140,000 square feet each. Almost 300 employees were hired for each store. While it was originally a success, it succumbed to the case crash. Sears Holdings announced the closure of all remaining stores in 2012.
  • Orchard Supply Hardware was a chain of freestanding hardware stores that was spun off from Sears in 2012. The retailer declared bankruptcy and was sold to competitor Lowe's Home Improvement in June 2013, less than two years after separating from Sears. On August 22, 2018, Lowe announced that it would cease operations of all Orchard Supply hardware stores in early 2019.
  • Sears World Trade, Inc. (Arms and Military Equipment) was the troubled import-export unit of Sears that oversaw the international arms trade under the chairmanship of Dep. Sec. Of Defense, Frank Carlucci. It was operated from 1982 to 1986. Sears acknowledged the effort in December 1986, initially stating that it "only gave advice on the defense treaty area". When the operation ended, the 300-worker unit fell back into the procurement department.
  • Sears Home Alarm offers alarm monitoring of new and existing systems, new alarm installations, CCTV systems including camera installations and web-enabled DVR recorders as well as access control systems and monitoring, including card access systems. Available in Canada only.
  • Sears Direct was a chain of lawn and garden tools and equipment parts stores. Some locations marked as Sears Parts and Repair Center branded included a carry-in point for customers to bring in goods that needed repair, either under or out of warranty.
  • Sears Termite & Pest Control provides pest control services to residential and business customers including termite, mosquito and bed bug treatments and isolation options.
  • Sears Travel was a licensed business partner of Sears Holdings, founded in February 2012 in association with International Cruise & Excursions, Inc. Sears Vacations acts as an online travel agent providing online and phone booking services to Sears customers through the SearsVacations.com website. Sears Vacations offers cruises, resorts, hotels, tours, guided vacations, car rentals, airline tickets, shore excursions, vacation rentals, and travel insurance.
  • Sears Savings Bank was from 1984 to 1987 the savings and credit association subsidiary of Sears. Sears Savings Bank was founded by Sears and renamed its Glendale, California subsidiary in January 1984, Allstate Savings & Loan Association around. In the early 1980s, it expanded rapidly by purchasing existing savings institutions and building branches in Sears stores in California. As a result of intense competition in the California S&L industry, Sears began selling stores. In June 1986, Sears Savings sold 16 stores to American Savings and Loan. Seven months later, in January 1987, Sears Savings sold 50 freestanding stores to Citicorp, leaving only the in-store stores. In October 1987, Sears Savings closed 40 of the remaining branches within Sears Stores and sold most of the deposits to California Federal Savings & Loan. The remaining branch eventually closed after the deal was closed.
  • Western Auto Supply Company In 1988, Sears bought Western Auto from Wesray Capital, resulting in larger tire selections, as well as artisan tools and DieHard batteries, which were sold in Western Auto stores. In October 1995, Western Auto acquired 84 auto parts stores in Ohio, Indiana, Kentucky, West Virginia and Tennessee from the bankrupt Nationwide Automotive chain for an undisclosed amount, and later acquired Wheels Discount Auto Supply and its 82 auto parts stores in New York and Pennsylvania at the end of the year of F's Drug $ 37 million. In 1995, Sears began converting the Western Auto Stores to the new Parts-Only Parts America format by eliminating the Automotive Service Bays. By 1998, Sears will be nearly finished converting the remaining 600 Western Auto stores into Parts America brand stores. In early 1997, fewer than 850 company-owned stores remained. At that time, the associate businesses were the bread and butter of the company, with their more diverse line of name brands including appliances, electronics, hardware, bicycles, go-karts, and outdoor equipment / parts, and their reach in small-town America. Sears removed National Tire Warehouse and Tire America from Western Auto to a new company called National Tire and Battery, which Sears held through 2003. In 1998, after weeks of speculation, Sears sold what was left of Western Auto to Advance Auto Parts in Roanoke, Virginia. At that time, some Western Auto Associate Stores were owned by dealers Sears Authorized Dealer Stores.
  • Dean Witter Reynolds In 1981, Dean Witter Reynolds was acquired by Sears in a $ 600 million transaction. Sears' core retail business faced several challenges and the company decided to diversify into new businesses, including financial services. Sears, already in the financial services business through its ownership of Allstate Insurance Company, announced a major financial services acquisition initiative. Find Dean Witter to lay the foundation for a larger Sears Financial Services Network available to customers through the company's retail stores.
  • Coldwell bankers In 1981 it was bought by Sears and became part of the Sears Financial Network. Sears sold the residential real estate division in 1993 for $ 230 million to the Fremont Group, a California investment company. Sears sold Coldwell's commercial real estate businesses in April 1989 in a management-led purchase that was renamed CB Commercial Holdings Inc. and based in Los Angeles.
  • Allstate Insurance Company Named for the Sears brand of tires, Allstate went into business on April 17, 1931, offering auto insurance through direct mail and through the Sears catalog. In 1993, Allstate went public when Sears sold 19.8 percent of the company.
  • Sears Optical was operated by Luxottica. It provided vision exams, contact lenses (including astigmatism and bifocal contact lenses), medical treatment for eye diseases, urgent care, cataract and glaucoma surgery advice / references, "advanced testing instruments" and glasses dispensing services. Luxottica ended its relationship with Sears and closed all remaining Sears optical locations through February 2020.
  • Sears Portrait Studio was a full service portrait studio with locations in Sears stores and formerly also standalone locations. It was operated by CPI Corporation until all of Sears Portrait Studios ceased operations on April 6, 2013. CPI Corporation, in a statement on its website, said it closed all of its US studios "after many years of providing family portrait photography". Louis-based firm did not declare the premature closure and calls to CPI went unanswered. However, the company has struggled financially, hurt by the rise of digital photography. Sears Portrait Studio was later revived in some stores through a membership with Picture People in August 2016.

Corporate identity

logo

Private label brands

Current

Since the merger of Sears & Kmart in 2005, many brands have been shared by both stores.

Former

Sponsorships

The company sponsors the Drift Darren McNamara Sears / Falken Saturn Sky Drift Auto formula through Sears Auto Centers. It sponsored the NASCAR Truck Series, using the Craftsman brand as the title sponsor, from the series' inception in the 1995 NASCAR SuperTruck Series presented by Craftsman to the 2008 season when the agreement ended. Craftsman tools remain the official tools of NASCAR. The company sponsored the television series. It sponsors and currently has naming rights to the Sears Center, a multi-purpose family entertainment, cultural and sports center established in Hoffman Estates in 2006. The company also subjugated the PBS television seriesMister Rogers' Neighborhood, under the name The Sears-Roebuck Foundation premiered from 1968 to 1992. It sponsored the # 10 Gillett Evernham Motorsport car owned by Scott Riggs for September 2, 2007, operating the Sharp AQUOS 500 on California Speedway through its Sears Auto Center subsidiary . In 2016, Craftsman became the title sponsor of the World Racing Group, World of Outlaws Sprint car racing series.

Employee relations

Sears building in the Edificio La Nacional building in Mexico City, across from the Palacio de Bellas Artes. Sears struggles with employee relationships. A notable example was the 1992 shift from an hourly longevity-based wage to a base wage (typically between $ 3.50 and $ 6 an hour) and commissions of 0.5% to 11%. The research claimed that the new base wage, which was often a substantial (up to 40%) wage cut, was "successful in this extremely competitive environment".

In early October 2007, Sears cut commission rates for employees in some departments to 0.5% to 4%, but offset the base wage in all Home Improvement and Electronics departments. In 2011, the commission rates for non-basic items in the electronics department were reduced by 2%. At the end of 2009 the commission for the sale of "basic items" from the electronics department was reduced to 1%. As of 2017, devices are the only remaining department where remuneration is based solely on commissions. Other departments give a basic wage plus commission. In many stores, jewelry employees receive a low base salary with 1% commission on their sales.

In March 2019, Sears claimed it was terminating life insurance benefits for an undisclosed number of its 90,000 retirees. A few months earlier, the company was giving out over $ 25 million in bonuses to executives. This key Sears Retiree Benefit was worth between $ 5,000 and $ 15,000 for most of the pool (29,000) of skilled retired employees.

In May 2019, former Sears Holdings chairman and CEO Eddie Lampert threatened to fail to pay out the $ 43 million in pension payments to 90,000 former Sears and Kmart employees and retirees, months after the holding company bought the remains of Sears. A Forbes editorial team pointed out that Treasury Secretary Steven Mnuchin was a board member of Sears Holding until 2016 and is currently one of three directors of the Pension Benefit Guaranty Corporation, which manages the administration of pensions for departed or bankrupt companies.

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See also

Another reading

  • Chang, Myong-Hun and Joseph E. Harrington Jr. "Organizational structure and firm innovation in a retail chain". Computational & Mathematical Organization Theory 3.4 (1998): 267-288. Compare Sears' Robert E. Wood with Montgomery Ward's Sewell Avery online
  • Emmet, Boris and John E Jeuck. Catalogs other Counter: A History of Sears, Roebuck, and Company (1950), Standard Scientific History
  • Israel, Fred L. 1897 Sears, Roebuck, and Co Catalog 100 th Anniversary Edition, Philadelphia: Chelsea House Publishers, 1968.
  • Katz, Donald R. The Big Store: Inside the Crisis & Revolution at Sears (1987)
  • Worthy, James C. Shaping An American Institution: Robert E. Wood and Sears, Roebuck (1986)

External links