Sears Holdings
Former holding company of Sears and Kmart from 2005 to 2019 / From Wikipedia, the free encyclopedia
This article is about the holding company. For the department store chain, see Sears.
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005.[7] It was the 20th-largest retailing company in the United States in 2015.[8] It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019.[9] The new owner moved Sears assets to its newly formed subsidiary Transformco and after that, Sears Holdings Corporation was closed.
Quick Facts Company type, Traded as ...
Company type | |
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Industry | Retail |
Genre | |
Predecessors | |
Founded | March 24, 2005; 19 years ago (March 24, 2005)[1] |
Defunct | June 2019; 5 years ago (June 2019) |
Fate | Chapter 11 bankruptcy and liquidation; assets sold to ESL Investments and moved to its new subsidiary |
Successor | Transformco[2] |
Headquarters | 3333 Beverly Road, , US |
Number of locations | 766[3] (Q3 2018) |
Areas served |
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Key people |
Office of the CEO:
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Revenue | US$13.2 billion (FY2019)[4] |
US$−1.43 billion (FY2018)[5] | |
US$−1.7 billion (FY2019)[4] | |
Total assets | US$6.7 billion (FY2019)[4] |
Total equity | US$−1.72 billion (FY2019)[6] |
Number of employees | 85,000 (2019)[4] |
Subsidiaries | |
Website | Archive of website before company dissolved |
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