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Sears, Roebuck and Co. (/ s ɪər z / SEERZ), [5] commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
Sears Holdings owned 51 percent of Sears Canada, [12] a large department store chain in Canada similar to the U.S. stores. At one point it owned as much as 92% of the Canadian company, [13] but it failed in 2006 to buy the remainder of Sears Canada that it did not own because Bill Ackman took a 17.3 percent stake in it and prevented any ...
Edward Scott Lampert (born July 19, 1962) [2] is an American billionaire businessman. He is the former chief executive and chairman of Sears Holdings, the founder of Transformco, and the founder, chairman, and chief executive of ESL Investments. Until May 2007, he was a director of AutoNation. [3] He was a director of AutoZone from 1999 to 2006 ...
As Sears grew and pioneered its own brands such as Kenmore appliances, Craftsman tools and Allstate insurance, the company became a juggernaut, employing legions of workers to produce and sell the ...
Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, & tools. [3][4] The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. [5]
The business was acquired by Charles Clore in 1953 for £4 million, by which time it had over 900 shops. [1] [3] In 1954, Sears bought Haverton Holdings for £3.5 million, which owned Furness Shipbuilding Company and a controlling interest in listed hosiery knitting machine manufacturer, Bentley Engineering, in which Clore was a board member.
When ailing retailer Sears While often too complicated for the average retail investor to glance at, those who spend the time can find hidden value. 3 Reasons You Need to Buy the Sears Spinoff Today
Website. transformco.com. Transform SR Brands LLC[3] (doing business as Transformco, referred to as " New Sears ") [4] is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments.