American multinational department store chain From Wikipedia, the free encyclopedia
Sears, Roebuck and Company, usually called Sears, is a department store chain with about 13 stores in the United States, 12 in the mainland United States and 1 in Puerto Rico.[1] The first store opened in 1906.[source?] It was the biggest retailer in the country until Walmart had more sales in October 1989.[4]
Company type | Subsidiary |
---|---|
Industry | Retail |
Founded | 1886 1892 (first incorporation) 1906 (second incorporation) Chicago, Illinois | (legacy)
Founders | |
Fate | Chapter 11 Bankruptcy |
Headquarters | , United States |
Number of locations | 13 (December 2023)[1] |
Area served |
|
Products |
|
Revenue | US$ 13.8 billion (2016)[2] |
US$ -1.448 billion (2016)[2] | |
Parent | Sears Holdings (2005–2019) Transformco (2019–present)[3] |
Subsidiaries | See below |
Website | sears |
Sears had to close all 140 of its stores in Canada in 2017.[5] Its 75 stores in Mexico have been operated by Grupo Carso since 1997.[6]
Sears filed for bankruptcy on October 15, 2018.[7]
On June 3, 2019, the Sears assets were purchased by Transform Holdco.[8]
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