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$67.95 General Blower with Wheel for Troy Bilt Pony 18.5HP 15.5HP 17.5HP Lawn Tractor Sold by SPU Parts. This article is about the department store chain in the United States. For the defunct Canadian department store chain, see Sears Canada. For the Mexican department store chain, see Sears (Mexico). For other uses, see Sears (disambiguation).
A Sears store at Westland Mall in Hierley, Florida, at the time of liquidation in February 2020, with the logo used from 2010 to 2019.
Sears, commonly known as Sears, is an American department store chain founded in 1892 by Richard War Sears and Alva Curtis Roebuck and reorganized in 1906 by Richard Sears and Julius Roswald. , the first in Chicago.
In 2005, the company was acquired by the management of Kmart, a large American discount chain, which formed Sears Holdings after the merger was completed. In the 1980s, Sears was the largest retailer in the United States.
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After several years of declining sales, Sears filed for Chapter 11 bankruptcy on October 15, 2018.
It won the bankruptcy auction on January 16, 2019, and announced that 425 stores would remain downsized, including 223 Sears.
It is currently headquartered in Hoffman, Illinois. Sears has announced that it will sell the Hoffman Estates Center complex in 2021.
On December 12, 2022, Sears Authorized Hometown Stores, LLC and related debtor Sears Hometown, Inc. filed for Chapter 11 bankruptcy and on December 26 announced the liquidation of 115 principal owner-operated Hometown stores.
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As of May 13, 2023, there are 17 Sears, Sears Appliance & Mattress and Sears Home & Life stores remaining.
Richard War Sears was born in 1863 in Stewartville, Minnesota, to a wealthy family that moved to nearby Spring Valley.
While in North Redwood, the jeweler refused to ship the watch. Sears bought it and sold it to station workers at a low price for a profit. He started a mail-order watch business in Minneapolis in 1886 and called R.W. Sears Watch Company. In the same year, he met watchmaker Alva Curtis Roebuck. In 1887, Sears and Roebuck moved their operations to Chicago, and the company published Richard Sears’ first mail-order catalog, offering watches, diamonds, and jewelry.
In 1889, Sears sold his business for $100,000 ($3 million in 2021 dollars) and moved to Iowa to become a rural banker.
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He returned to Chicago in 1892 and founded a new mail-order company selling watches and jewelry with a partner, Roebuck and A.C. It operated as the Roebuck Watch Company. September 16, 1893
These are Sears, Roebuck and Co. attacked the company. We are starting to diversify the product line presented in our catalog.
Before the Sears catalog, farmers near small rural towns typically bought goods from local thrift stores with a narrow selection, often at high prices and on credit. Prices are negotiated and based on the warehouse owner’s assessment of the customer’s creditworthiness. Sears created the exact opposite business model, offering more products at the prices listed in its catalog.
By 1894, the Sears catalog featured sewing machines, bicycles, sporting goods, and automobiles (later manufactured by Lincoln Motor Car Works in Chicago from 1905 to 1915 [now the Ford line]).
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By 1895, the company had issued a 532-page catalog. In 1893, sales exceeded $400,000 ($12 million in 2021) and two years later exceeded $750,000 ($20 million in 2021).
Despite strong sales, the national panic of 1893 led to a widespread depression.
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