What is sears? Sears Review

Website Introduction

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. It is the most trusted shopping choice for American families! 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

Logo 1963-84

1984 to 1994

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

2004-08 (2004-16 in Canada)

develop

Sears was founded in 1886 by Richard Sears, who founded RW. Sears Watch Co. in Minneapolis. In 1888, Sears began selling jewelry and watches through catalogs, and then added other products such as sewing machines and baby strollers in 1894.

In 1906, Sears successfully went public, becoming one of the earliest retailers to enter the public market.

In 1913, Sears launched the Kenmore sewing machine, followed by Kenmore refrigerators, washing machines and other appliances. Kenmore became an important asset of the group. During the bankruptcy reorganization process, it is reported that Kenmore and its home service business will become auction assets with an estimated value of approximately US$1.75 billion.

In 1925, Sears opened its first physical store in Chicago.

In 1927, Sears purchased the Craftsman trademark for $500, and two years later began to produce and sell power tools under the brand. In the 2002 Fortune magazine list of the world's top 500 companies, Sears ranked 83rd with sales of $41.1 billion.

In 1973, Sears Tower in Chicago was completed based on the first store. The 1,454-foot (443-meter) Sears Tower became the world's top 500 companies announced by Fortune magazine in 2002. Sears ranked 83rd with sales of US$41.1 billion.

In 2003, it ranked 81st with sales of 41.4 billion US dollars, behind Wal-Mart, Carrefour, Metro and other companies. In line with the situation and the changes in market demand, Sears adjusted its business strategy in a timely and decisive manner, which enabled it to overcome difficulties and defeat competitors in its more than 100 years of development and become a world-class retailer.

In 2005, Kmart and Sears merged to form the Sears Group.

In 2017, Sears sold the company to Stanley Black & Decker Inc. for $900 million.

On March 23, 2017, the traditional American department store chain Sears announced that it had filed for bankruptcy.

In October 2017, Canadian retail giant Sears Canada was officially going bankrupt.

On Monday, October 14, 2018, the American department store chain Sears Holdings Inc. (NASDAQ: SHLD) officially submitted the Chapter 11 document, which means that the 130-year-old American

The department store giant officially declared bankruptcy. The media said that this move was to put this great retailer who failed to adapt to the digital age into an early grave.

References

• 1. American Sears Overseas Shopping Guide: Come [Reference Date 2015-10-06T16:00:00.000Z]