Sears

Sears (officially Sears, Roebuck & Co.) is an American chain of department stores. The company was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1886; it was previously based in the Sears Tower in Chicago, and is currently headquartered in Hoffman Estates, Illinois. It began as a mail order catalog company, and began opening retail locations in 1925. The company was bought by the American discount store chain Kmart in 2005, which was in bankruptcy at the time and renamed itself Sears Holdings upon completion of the merger. In terms of domestic revenue, Sears was the largest retailer in the United States until October 1989, when it was surpassed by Walmart. It is the fifth-largest American department store company by sales as of October 2013 (behind Walmart, Target, Best Buy, and Home Depot), and it is the twelfth-largest retailer in the country overall. It operates divisions in Canada and Mexico, among several subsidiaries within its brand.

History

Mail order catalog

Sears (Mexico)

Sears Roebuck de México is a department store chain located in Mexico, operating more than 75 stores all over Mexico. Sears México is operated by Grupo Carso.

History

On February 27, 1947, the first Sears in Mexico City opened, revolutionizing the traditional systems of commercialization and massive exhibition of merchandise, establishing fixed and competitive price policies, instead of implementing the traditional bargaining system.

From 1955 to 1993, Sears opened stores throughout Mexico.

On April 2, 1997, Sears, Roebuck and Company, now owned by Sears Holdings, formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which Sears agreed to sell 85% of its share of Sears Mexico to Grupo Carso, until 1997. As of 2007, Grupo Carso owned an 100% share of the company. Even though Sears unveiled a new lowercase logo in the United States in 2010, Sears Mexico still retains the pre-2004 logo that was last used in Sears Canada's logo until 2004.

Sears (disambiguation)

Sears is a surname. It may refer to: