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Encyclopedia > Sears
Sears Holdings Corporation
Type Public (NASDAQ: SHLD)
Founded Detroit, Michigan (1899)
Location Hoffman Estates, IL
Key people Edward Lampert, Chairman
Alan J. Lacy, Vice Chairman and CEO
Aylwin B. Lewis, President and CEO of Kmart and Sears Retail
Industry Retail
Products Brands such as Craftsman, Kenmore, Lands' End, Die Hard, Martha Stewart Everyday, Joe Boxer, Jaclyn Smith, Sesame Street
Revenue US$ 55 billion (combined)
Employees 380,000
Website www.searshc.com

Sears Holdings Corporation NASDAQ: SHLD is the third largest retailer in the United States, behind Wal-Mart and The Home Depot. It was formed in 2005 by the purchase of Sears, Roebuck and Company of Hoffman Estates, Illinois by Kmart Corporation of Troy, Michigan. Image File history File links Sears Holdings Corporation logo, from [1]. File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A public company is a company owned by the public. ... NASDAQ MarketSite (Times Square, New York City) at night NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations) is a U.S. electronic stock market. ... City nickname: The Motor City, Motown Location Location in Wayne County, Michigan Government Country State County United States   Michigan    Wayne County Mayor Kwame Kilpatrick (Dem) Physical characteristics Area      Land      Water 142. ... Hoffman Estates is a village located primarily in Cook County and a small section in Kane County, Illinois. ... Edward S. Lampert is the founder, chairman, and chief executive officer of ESL Investments; and the chairman of Sears Holdings Corporation. ... In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells individual items or small quantities to the general public or end user customers, usually in a shop, also called store. ... Craftsman is a line of tools, mainly hand tools and power tools, owned by The Sears Holdings Corporation . ... Kenmore may refer to: Kenmore, Scotland. ... Lands End is a Dodgeville, Wisconsin-based clothing retailer specializing in casual clothing, luggage, and home furnishing. ... Martha Stewart Martha Stewart (born August 3, 1941) is a television and magazine personality known for her cooking, gardening, etiquette, and arts and crafts projects, and as a general lifestyle guide and homemaker. ... Ellen Jaclyn Smith (born October 26, 1947) is an American television actress. ... The United States Postal Service considered the show one of the 1970s greatest influences on culture; the show was thus honored with a millennium series stamp of Big Bird. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Web site. ... NASDAQ MarketSite (Times Square, New York City) at night NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations) is a U.S. electronic stock market. ... Wal-Mart Stores, Inc. ... The Home Depot NYSE: HD, headquartered in Atlanta, Georgia, is a big box home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ... Sears, Roebuck and Company is a retailing division of Sears Holdings Corporation. ... Hoffman Estates is a village located primarily in Cook County and a small section in Kane County, Illinois. ... Troy is a city located in Oakland County, Michigan. ...


The company operates 3,800 retail locations under the mastheads of Sears, Sears Grand, Sears Essentials, Kmart, Big Kmart, Kmart SuperCenter, The Great Indoors, Orchard Supply Hardware, and Lands' End stores. Sears, Roebuck and Company is a retailing division of Sears Holdings Corporation. ... Kmart is a retailing division of Sears Holdings Corporation. ... Lands End is a Dodgeville, Wisconsin-based clothing retailer specializing in casual clothing, luggage, and home furnishing. ...


The company maintains its corporate headquaters in Hoffman Estates, and it maintains the Kmart brand from Michigan.

Contents


History

Kmart

Kmart logo (1990-2004)
Kmart logo (1990-2004)

Sebastian S. Kresge founded the S.S. Kresge Corporation, the predecessor of Kmart, in 1899 in Detroit, Michigan. Kresge's first retail establishment, a five-and-ten-cent store, resembled those operated by Frank Woolworth. The store grew into a chain known as S. S. Kresge. By 1912, the chain operated 85 stores. Kmart logo, claiming fair use, please update File links The following pages link to this file: Sears Holdings Corporation ... Kmart logo, claiming fair use, please update File links The following pages link to this file: Sears Holdings Corporation ... Sebastian Spering Kresge (July 31, 1867-October 18, 1966), American merchant and philanthropist, was the founder of the S.S. Kresge Company, now known as Kmart Corporation. ... City nickname: The Motor City, Motown Location Location in Wayne County, Michigan Government Country State County United States   Michigan    Wayne County Mayor Kwame Kilpatrick (Dem) Physical characteristics Area      Land      Water 142. ... Five and dime was a common nickname in the United States for five-and-ten-cent stores (also called 5 and 10s), popular in the early to mid-20th century. ... Franklin Winfield Woolworth (April 13, 1852 – April 8, 1919) was an American merchant. ... Chain stores are a range of retail outlets which share a brand and central management, usually with standardised business methods and practices. ...


By the 1920s, Kresge operated larger stores that offered a wider variety of merchandise and prices—precursors of the modern discount store. The first Kmart department store opened in 1962 in Garden City, Michigan. A total of 18 Kmart stores opened that year. A JC Penney department store. ... Garden City is a city located in Wayne County, Michigan. ...


Kmart became known for its "blue light specials": at surprise moments, a store worker would light up a mobile police light and offer a discount in a part of the store. The phrase "attention Kmart shoppers" also entered into the American pop psyche. Kmart was also featured in the Oscar-winning 1988 film Rain Man, in which Tom Cruise and Dustin Hoffman both famously exclaim, "Kmart sucks!" Although he never won an Oscar for any of his movie performances, the comedian Bob Hope received two honorary Oscars for his contributions to cinema. ... 1988 (MCMLXXXVIII) is a leap year starting on a Friday of the Gregorian calendar. ... Rain Man is a 1988 film which tells the story of a selfish yuppie who discovers that his father has left all of his estate to the autistic brother he never knew he had. ... Tom Cruise as seen on a poster for the 2001 film Vanilla Sky Tom Cruise is the stage name of Thomas Cruise Mapother IV, an American actor, producer, and Scientologist who has starred in a number of top-grossing movies and remains one of the biggest movie stars in the... Dustin Hoffman Hoffman with Ben Stiller in 2004s Meet the Fockers. ...


During the 1970s, Kmart put a number of competing retailers out of business. In 1977, S. S. Kresge Corporation changed its name to Kmart Corporation. In 1987, Kmart Corporation sold its remaining Kresge stores. External links The Rise of a Young Business Tycoon Business Articles Categories: ‪Business‬ | ‪Academic disciplines‬ | ‪School subjects‬ ...


The first Big Kmart opened in 1996. 1996 (MCMXCVI) is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...


The first Super Kmart Center opened in 1991 in Medina, Ohio. 1991 (MCMXCI) is a common year starting on Tuesday of the Gregorian calendar. ... Medina is a city located in Medina County, Ohio. ...


Trouble For Kmart

During the 1970s, the company's fortunes began to change; many of Kmart's stores were badly outdated and in decaying condition. Inventory piled up, checkout lines grew, and customers abandoned the stores.


In 1990, in an effort to change their image, Kmart introduced a new logo (dropping the old-style italic "K" with a turquoise "mart", created in the early 1970s), and gave many stores a very badly needed renovation. However, most stores were not remodeled until the mid-1990s, some of which are not completely renovated today. This then-new logo was replaced in 2004 with the current logo.


It also began to offer exclusive merchandise by Martha Stewart, Kathy Ireland, and Jaclyn Smith. Other recognizable brands included Sesame Street and Disney. Martha Stewart Martha Stewart (born August 3, 1941) is a television and magazine personality known for her cooking, gardening, etiquette, and arts and crafts projects, and as a general lifestyle guide and homemaker. ... Ireland on the cover of the Sports Illustrated Swimsuit Issue Kathy Ireland (born March 20, 1963 in Santa Barbara, California) is an American supermodel, actress, author, and entrepreneur. ... Ellen Jaclyn Smith (born October 26, 1947) is an American television actress. ... The United States Postal Service considered the show one of the 1970s greatest influences on culture; the show was thus honored with a millennium series stamp of Big Bird. ... The Walt Disney Company (most commonly known as Disney) ((NYSE: DIS)) is one of the largest media and entertainment corporations in the world. ...


In the 1990s, Kmart made a number of missteps, again. In 1993 Kmart closed 110 stores. Unlike competitor Wal-Mart, it failed to invest in computer technology to manage its supply chain. Furthermore, Kmart maintained a high dividend, which reduced the amount of money available for improving its stores. Many business analysts also faulted the corporation for failing to create a coherent brand image. Wal-Mart Stores, Inc. ... A supply chain, logistics network, or supply network, consists of all suppliers, manufacturing facilities, distribution centers, warehouses, and customers, as well as all raw materials, work-in-process inventory, and finished goods, and all related information and resources involved in satisfying an end-customers requirements. ... This article is about the concept in marketing. ...

Kmart logo (1966-1990)
Kmart logo (1966-1990)

The original "blue light special" had disappeared in 1991 due to changing consumer habits and misuse by individual stores (according to the company's official explanation). The company then brought back the "blue light special", which involved the manager announcing a promotion in-store every hour, on the hour—said special lasting for 25 minutes. When the announcement of the special took place over the public address system, music would fill the store and all employees would stop their current actions, clap twice and pump their fists in the air, shouting "Blue Light, Blue Light!". This scheme aimed to generate more interest in Kmart from shoppers and the media, but failed because stores did not follow the procedure. No records exist of anyone actually shouting "Blue Light, Blue Light!" It has since ended the "blue light special" again. Image File history File links Kmart_logo_old. ... Image File history File links Kmart_logo_old. ...


In 2001, the stock scandal involving Martha Stewart severely hurt the corporation's image. In addition, Kmart attempted to compete against Wal-Mart on price by introducing the "Blue Light Always" campaign, which ditched the original blue light concept for lower prices in general. The company could simply not afford to match Wal-Mart's prices. In August 2001, Target Corporation sued Kmart for false advertising; Target claimed that its "Dare to Compare" campaign routinely misstated both Kmart's and Target's prices. Martha Stewart Martha Stewart (born August 3, 1941) is a television and magazine personality known for her cooking, gardening, etiquette, and arts and crafts projects, and as a general lifestyle guide and homemaker. ... Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1902. ...


On January 22, 2002, Kmart filed for bankruptcy protection; led into the bankruptcy by its then chairman Chuck Conaway and president Mark Schwartz. Similar to the Enron scandal, Conway and Schwartz were accused of misleading shareholders and other company officials of the company's financial crisis, while they were allegedly making millions and allegedly spending the company's money on planes, houses, boats, and other luxuries. January 22 is the 22nd day of the year in the Gregorian Calendar. ... 2002 (MMII) is a common year starting on Tuesday of the Gregorian calendar. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, administration - see text) in the UK. Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... Enron Corporation Enron Corporation is an energy trading and communications company based in Houston, Texas that employed around 21,000 people in mid-2001 (before bankruptcy). ...


After firing Conaway and Schwartz, It shut down more than 300 stores in the United States and laid off around 34,000 workers as part of a badly-needed restructuring. On May 6, 2003, Kmart officially emerged from bankruptcy protection as Kmart Holding Corporation and on June 10, 2003 it began trading on the NASDAQ as "KMRT". Kmart introduced a new prototype store with a new logo, layout and color scheme (lime green and gray) in 2002 in White Lake, Michigan. The new layout has wider aisles, better selection and better lighting. However, Kmart could not afford a full-scale rollout. The lime green prototype was abandoned for the new Kmart "Orange" concept that rolled out at 9 test stores nationwide. May 6 is the 126th day of the year in the Gregorian Calendar (127th in leap years). ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... Kmart Holding Corporation was created when Kmart Corporation emerged from bankruptcy protection in May 2003. ... June 10 is the 161st day of the year in the Gregorian calendar (162nd in leap years), with 204 days remaining. ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... NASDAQ MarketSite (Times Square, New York City) at night NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations) is a U.S. electronic stock market. ... Prototypes or prototypical instances combine the most representative attributes of a category. ... Look up green in Wiktionary, the free dictionary. ... The word gray is also spelled grey: see Grey for topics with this spelling. ... White Lake Township is a township located in Oakland County, Michigan. ...


Once a major presence in Canada, after being sold to Zellers in the late 1990s, all Kmart stores there were either closed or converted to the Zellers name. Zellers Inc. ...


Sears

Sears logo
Sears logo

In 1886, the United States contained only 38 states. Many people lived in rural areas and typically farmed. Richard Sears was a railroad station agent in Minnesota when he received a shipment of watches which were unwanted by a local jeweler. Sears purchased them himself, and sold the watches at a nice profit to other station agents up and down the line, and then ordered more for resale. Soon he started a business selling watches. The next year, he moved to Chicago, Illinois where he met Alvah C. Roebuck who joined him in the business. In 1893, the corporate name became Sears, Roebuck and Co. Sears logo This is a copyrighted and/or trademarked logo. ... Sears logo This is a copyrighted and/or trademarked logo. ... For the American tennis player, see Richard Sears (tennis player). ... State nickname: North Star State, Land of 10,000 Lakes, The Gopher State Other U.S. States Capital Saint Paul Largest city Minneapolis Governor Tim Pawlenty (R) Senators Mark Dayton (D) Norm Coleman (R) Official language(s) None Area 225,365 km² (12th)  - Land 206,375 km²  - Water 18,990... ... Alvah Curtis Roebuck (1864-1948) born: 9 January 1864 in Lafayette, Indiana died: 18 June 1948 Alvah Roebuck began work as a watchmaker in a Hammond, Indiana jewelry store at age 22. ...


Richard Sears knew that farmers often brought their crops to town where they could be sold and shipped, and then bought supplies, often at very high prices, from local general stores. The catalog business grew quickly. By 1894, the Sears catalog had grown to 322 pages, featuring sewing machines, bicycles, sporting goods and a host of other new items. Organizing the company so it could handle orders on an economical and efficient basis, Chicago clothing manufacturer Julius Rosenwald became a part-owner in 1895. Alvah Roebuck had to resign soon after due to ill-health, but the company still retained his name. By the following year, dolls, icebox refrigerators, cook-stoves and groceries had been added to the catalog. A general store is usually a retailer located in a small town or in a rural area with a broad selection of merchandise crammed into a relatively small space. ... A modern machine (Singer Symphonie 300) A sewing machine is a mechanical (or electromechanical) device that joins fabric using thread. ... This racing bicycle is built using lightweight, shaped aluminium tubing and carbon fiber stays and forks. ... Sports equipment includes any object used for sport or exercise. ... Julius Rosenwald Julius Rosenwald (born August 12, 1862 in Springfield, Illinois - 1932) was a U.S. merchant and philanthropist. ...


Sears, Roebuck and Co. soon developed a reputation for both quality products and customer satisfaction.


People had learned to trust Sears for other products bought mail-order, and thus, sight unseen. This laid important groundwork for supplying a home, possibly the largest single investment a typical family would ever make. In 1908, the company began offering entire houses as kits, marketed as Sears Modern Homes, and by the time the program ended in 1940, over 100,000 had been sold. A popular model was #115 Sears Catalog Homes (sold as Sears Modern Homes) were ready-to-assemble houses which were sold through mail order by Sears Roebuck and Company, a United States retailer. ...


Sears issued many catalogs and didn't open its first retail store until 1925, when the business was already 32 years old. The first free standing department store was opened October 5, 1925 in Evansville, Indiana. In addition to mail-order or rail shipment of large purchases, items could also be picked up at the Sears Store in a nearby town when retail outlets were opened. October 5 is the 278th day of the year (279th in Leap years). ... 1925 (MCMXXV) was a common year starting on Thursday (link will take you to calendar). ... For other places named Evansville see Evansville (disambiguation). ...


The Sears, Roebuck catalog was sometimes referred to as "the Consumers' Bible." The Christmas Catalog was known as the "Wish Book", perhaps because of the toys in it. The catalog also entered the language, particularly of rural dwellers, as a euphemism for toilet paper. In the days of outhouses and no readily available toilet paper, the pages of the mass-mailed catalog were used as toilet paper. "I'm going to read the Sears catalog" was a polite way of saying "I'm going to the outhouse."


After World War II, the company built many stores in suburban shopping malls. The company was the largest retailer in the United States until the early 1980s but had dropped significantly in rankings by the time it merged with Kmart. World War II was a truly global conflict with many facets: immense human suffering, fierce indoctrination, and the use of new, extremely devastating weapons such as the atom bomb. ... The Mall, an out-of-town shopping centre at Patchway, near Bristol, England. ...


Sears diversified and became a conglomerate during the mid-20th century. It established several major brands of products such as Kenmore, Craftsman, Die-Hard, and Tuff-skin. The company started the Allstate Insurance Company back in 1931 and had representatives operating in its stores as early as 1934. It purchased Dean Witter and Coldwell Banker real estate in 1981, and started what became Prodigy as a joint venture in 1984. It also introduced the Discover credit card in 1985. During the late 1980s, and as late as 1993, the Discover card was the only accepted credit card at many Sears retail locations. A conglomerate is a large company that consists of divisions of often seemingly unrelated businesses. ... Kenmore may refer to: Kenmore, Scotland. ... Craftsman is a line of tools, mainly hand tools and power tools, owned by The Sears Holdings Corporation . ... The Allstate Corporation (NYSE: ALL) is the largest publicly held personal lines insurer in the United States. ... Dean Witter Reynolds was an American stock brokerage catering to the middle class. ... Prodigy Communications Corporation was a dialup service (a sort of mega-BBS) for home computers in the United States before the advent of the Internet. ... This page is about the year 1984. ... Discover Card is a brand of credit card operated by Discover Bank, a subsidiary of Morgan Stanley headquartered in Riverwoods, Illinois. ...


Roebuck was dropped from the name of the stores, though not from the official corporate name in the 1970s.


The current Sears logo was created in 1984. Previously, the Sears logo consisted of the name "Sears" in a rectangle. Now it consists of the blue text, Sears, with a white line separating each letter down along the length of its strokes. In late 2004, the logo was switched from all upper case to upper and lower case.


In 2004, Sears launched a new store concept called Sears Grand which it hopes will be a viable competitor to hypermarkets like Wal-Mart Supercenters. In commerce, a hypermarket (from the French hypermarché) is a store which combines a supermarket and a department store. ...


Sears formerly traded on the New York Stock Exchange (NYSE) under the ticker of "S", which is now used by the Sprint Nextel Corporation. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... Sprint Nextel Corporation (NYSE: S), headquartered in Overland Park, Kansas (A suburb of Kansas City, MO), is one of the largest telecommunications companies in the United States. ...


Trouble for Sears

Adam Walsh, the son of reporter John Walsh (America's Most Wanted), was abducted from a Sears department store in Hollywood, Florida, in 1981 at the age of six; his severed head was later found in Vero Beach, FL. Wal-Mart responded by creating Code Adam procedures to protect children that are in the store, whereas Sears initially ignored the risk, hoping it would go away on its own. This led to public opposition to Sears' policies, and alienated customers. Adam Walsh (November 14, 1974-July 27, 1981), the son of John Walsh, a partner in a successful hotel management company, was abducted from a Sears department store in Hollywood, Florida on July 27, 1981 at the age of six. ... John Walsh (born December 26, 1945 in Auburn, New York) is the host of the TV show Americas Most Wanted. ... Americas Most Wanted is a long-running TV show produced by 20th Century Fox and running on Fox that profiles fugitives wanted for violent crimes, often including those currently on the FBI Ten Most Wanted Fugitives list. ... Hollywood is a city located in Broward County, Florida. ... Vero Beach has been the Spring training home of the Los Angeles Dodgers since 1948 Vero Beach is a city located in Indian River County, Florida, USA. As of the 2000 census, the city had a total population of 17,705. ... Wal-Mart Stores, Inc. ... Code Adam is a nationally-recognized missing child safety program in the United States, originally created and promoted by Wal-Mart retail stores in 1994. ...


In the 1980s and 1990s, the company divested themselves of many non-retail entities, which were creating a burden on the company's bottom line.


In 1993, Sears stopped production of its general merchandise catalog because of sinking sales and profits. However, Sears Holdings does continue to produce speciality catalogs and the Holiday Wish Book.


In 2003, they sold their retail credit card operation to Citibank because the credit cards were draining profits from the company. The remaining card operations was sold to J.P. Morgan Chase in August 2005. Chinatown Citibank branch (New York City, USA). ... Note: as an adjective (stressed on the second syllable instead of the first), august means honorable. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ...


In the early 1980s, Sears ceased selling shotguns, which had previously even been sold under their internal J. C. Higgins sporting brand from 1908 until 1961, and this alienated them from their historical core of rural and working-class consumers.


In the late 1990s, the company's market share in many areas deteriorated rapidly as Wal-Mart drew away working-class consumers, and Federated Department Stores attracted wealthier consumers. Wal-Mart Stores, Inc. ... Federated company headquarters building in Cincinnati. ...


Sears Tower

Sears, Roebuck and Company built the famed Sears Tower, which was completed in 1974. This building, located in Chicago, is the tallest building in the United States. The Sears Tower is a skyscraper in Chicago, Illinois. ... ... 1. ...


Merger of Kmart and Sears

The current Kmart logo
The current Kmart logo

On November 17, 2004, Kmart Corporation announced its intentions to purchase Sears, Roebuck and Company; the purchase was billed as a merger of equals. As a part of the merger, Kmart Corporation would change its name to Sears Holding Corporation. It announced at the time that it would continue operate stores under both the Sears and Kmart brands. This work is copyrighted. ... This work is copyrighted. ... 17 November is also the name of a Marxist group in Greece. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


The two companies cited several reasons for combining forces:

  • Sears had begun investing in new, larger off-mall stores, called Sears Grand stores. Earlier in the year Sears had purchased dozens of current Kmart locations; the merger permited the combined company to accelerate that process.
  • Proprietary brands held by both companies could be made more accessible to their target demographics by leveraging their combined real estate holdings. This was estimated to be an expected $200 million a year in revenue synergies.
  • At least $300 million a year in cost savings was expected annually, particularly in the supply chain and in administrative overhead.
  • The establishment of a shared customer-focused corporate culture between the two companies was estimated to yield improvements in revenue per unit area.
  • Preservation of two brands after the merger allowed Sears Holding to continue focusing on different customer demographics, without alienating either group.

The new company would directed by a board of directors comprised of members from the two companies: seven members from Kmart's board, three from Sears'. Shareholders in Kmart Corporation received one share in the new company. Shares of Sears, Roebuck and Company stock was converted into a combination of 55% stock and 45% cash (at $50 a share). Stockholders had a choice of receiving either stock or cash, subject to the pre-defined ratio. A superstore is a superlative name for a large department store. ... Sears Grand Sears Grand is an off-mall race-track style store version of Sears, known for in mall settings. ... This article is about the concept in marketing. ... Synergy or synergism most often refers to the phenomenon of two or more discrete influences or agents acting in common to create an effect which is greater than the sum of the effects each is able to create independently. ... A supply chain, logistics network, or supply network, consists of all suppliers, manufacturing facilities, distribution centers, warehouses, and customers, as well as all raw materials, work-in-process inventory, and finished goods, and all related information and resources involved in satisfying an end-customers requirements. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... A board of directors, also called board of trustees, board of governors, board of managers, or board of curators, is a group of individuals who govern the affairs of a corporation. ...


The merger was completed on March 24, 2005, after receiving regulatory approval from the government and approval by shareholders of both companies. March 24 is the 83rd day of the year in the Gregorian Calendar (84th in Leap years). ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ...


Sears Holdings Today

Sears Holding continues to operate stores under the Sears and Kmart mastheads. In 2005, Sears introduced a new store format, called Sears Essentials; Some Kmart locations are to be converted to the Sears Essentials format, while new locations will also be built. This new store format combines the Sears store concept with the Kmart format, which allows the company to better compete with Wal-Mart and Target. Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1902. ...


In 2005, Nike announced that it would no longer allow its products to be sold in Sears stores. Analysts speculated that Nike did not want its shoes and apparel sold in Kmart stores, and terminated its sales agreement with Sears Holding to prevent this. Look up nike in Wiktionary, the free dictionary. ...


Sears Holding has began cross-selling merchandise between its two brands. For example, Craftsman tools are now available in Kmart stores; they were previously exclusive to the Sears brand.


Sears Holding owns 55% of Sears Canada, a large department store chain in Canada, similar to the U.S. stores. Like Target stores, Kmart-branded stores in Australia belong to Coles Myer; Coles Myer also holds the rights to the Kmart brand in New Zealand. Sears Canada Inc. ... Coles Myer Ltd. ... This article is about the concept in marketing. ...


Because Kmart Corporation changed its name to Sears Holdings and because it is converting some Big Kmart stores to Sears Essentials stores as a test, there is speculation that Sears Holdings may drop the Kmart name all together in the next decade.


Stores

  • Kmart: discount stores (usually free-standing or located in strip malls) that carry electronics, music, movies, bedding, hardware, sporting goods, clothing, toys, jewelry, office supplies, health and beauty products, home décor, and a limited selection of food. Many stores also have a pharmacy and snack bar. About 84,000 to 100,000 square feet (7,800 to 9,300 m²).
  • Big Kmart: Carries everything a regular Kmart carries, but with a emphasis on home decor, children's clothing, and more food items. About 84,000 to 120,000 square feet (7,800 to 11,000 m²). Sears Holdings no longer builds these stores, but some Kmarts are still signed as Big Kmart or Big K.
  • Super Kmart: Carries everything a regular Kmart carries, but has a full grocery section with meat, bakery, and deli. SuperCenters are about 140,000 to 190,000 square feet (13,000 to 18,000 m²). These stores are also known as Super Kmart, Super K, and Super Kmart Center. Several also include Kmart Express gas stations.
  • Sears: department store concept that is located in shopping malls; it carries clothing, jewelry, appliances, hardware, lawn and garden supplies, lawn mowers, paint, sporting goods and automobile repair and supplies. Sears stores are usually multi-level, and there are about 870 full-size Sears stores.
  • Sears Dealer Stores: smaller area Sears stores that are operated as franchises; they are usually located in smaller markets that do not support a mall or full-size Sears. They are signed as Sears, and they are usually free-standing or located in a strip mall. They primarily concentrate on hardware, appliances, and lawn and garden supplies.
  • Sears Parts & Repair: Sears service centers that typically sell parts for appliances and also a carry-in point for customers to bring merchandise in that needs repaired either in or out of warranty. Typically labeled Sears Service Center or Sears Home Central, two names that also refer to the Parts and Repair centers. Sears has started closing many of these down as more and more of its service and repair business is home-based.
  • Sears Grand/Sears Essentials: located away from shopping malls (often free-standing); carries everything a regular Sears carries, plus health and beauty, toys, baby care, cleaning supplies, home décor, pet food, cards and party supplies, books, magazines, electronics, and a limited amount of food. Sears Grand stores are about 165,000 to 210,000 square feet (15,000 to 20,000 m²); Sears Essentials stores are about 70,000 to 100,000 square feet. These stores are essentially hybrids of a Sears and Kmart store.
  • The Great Indoors: free-standing home décor stores that carry appliances, bedding, and kitchen and bath fixtures. These stores are about 130,000 square feet (12,000 m²).
  • Lands' End: Aside from carrying the Lands' End clothing line at Sears stores, Sears Holdings also operates 16 Lands' End stores that carry only Lands' End clothing. These stores are located in outlet malls and regular malls.
  • Orchard Supply Hardware: free-standing hardware stores that carry home repair, hardware products and lawn and garden supplies. Orchard Supply Stores are about 40,000 square feet (4,000 m²). There are currently 84 stores, all of them in California. Sears now owns 80.1% of the chain, and revealed intentions in May 2005 to spin it off.

The Mall, an out-of-town shopping centre at Patchway, near Bristol, England. ... Wikibooks Wikiversity has more about this subject: School of Music Look up Music in Wiktionary, the free dictionary Wikisource, as part of the 1911 Encyclopedia Wikiproject, has original text related to this article: Music Meta has a page about this at: Music markup MusicNovatory: the science of music encyclopedia The... Films are produced by recording actual people and objects with cameras, or by creating them using animation techniques and/or special effects. ... Bedding is a generic term that refers to all types of material which make up a bed (generally excluding the mattress and frame, which are less portable). ... Hardware is the general term that is used to describe physical artifacts of a technology. ... Sports equipment includes any object used for sport or exercise. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, or attire) on the body. ... This article is about the film, Toys. ... Jewelry (the American spelling; spelled jewellery in Commonwealth English) consists of ornamental devices worn by persons, typically made with gems and precious metals. ... Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as paper work). The term includes small, expendable, daily use items such... the Caduceus Pharmacy (from the Greek φάρμακον = drug) is the profession of compounding and dispensing medication. ... Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ... Meat is animal tissue (mainly muscle) used as food. ... Bakery foods A baker is someone who bakes and sells bread, cakes and similar foods. ... The word delicatessen designates a kind of food store. ... A JC Penney department store. ... For the traditional meaning of the word mall, see mall. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, or attire) on the body. ... Jewelry (the American spelling; spelled jewellery in Commonwealth English) consists of ornamental devices worn by persons, typically made with gems and precious metals. ... The word appliance has several different areas of meaning, all usually referring to a device with a narrow function: One class of objects includes items that are custom-fitted to an individual for the purpose of correction of a physical problem, such as prosthetic and orthotic appliances. ... Hardware is the general term that is used to describe physical artifacts of a technology. ... Part of a garden in Bristol, England A flower bed in the gardens of Bristol Zoo, England Checkered flower bed in Tours, France A garden is a planned space, usually outdoors, set aside for the display, cultivation, and enjoyment of plants and other forms of nature. ... Gasoline-powered push rotary mower. ... For information on the U.S. borough, see Paint, Pennsylvania. ... Sports equipment includes any object used for sport or exercise. ... A mechanic works on the rear end of a car An auto mechanic is a mechanic who specializes in automobile maintenance, repair and sometimes modification. ... Meanings of franchise: Full rights of citizenship given by a country or a town, especially suffrage (political franchise) In a wider sense: any right or privilege granted by constitution or statute. ... This article is about the film, Toys. ... The term baby can refer to: an infant a very early computer—the Small-Scale Experimental Machine, nicknamed Baby a musician – Brian Williams – who performs under the name Baby. ... Pets and humans often contribute toward the happiness of the other in a pet relationship. ... [1]#redirect Book ... This article is about the magazine as a published medium. ... It has been suggested that this article or section be merged with electronic engineering. ... The term Appliance refers to two classes of objects: One class of objects includes items that are custom-fitted to an individual for the purpose of correction of a physical problem, such as prosthetic and energy input. ... A kitchen is a room used for food preparation. ... Lands End is a Dodgeville, Wisconsin-based clothing retailer specializing in casual clothing, luggage, and home furnishing. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, or attire) on the body. ... A hardware store sells hardware: for instance fasteners, keys, locks, hinges, wire, chains, plumbing supples, tools, utensils, cutlery and machine parts. ... State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles Governor Arnold Schwarzenegger (R) Senators Dianne Feinstein (D) Barbara Boxer (D) Official language(s) English Area 410,000 km² (3rd)  - Land 404,298 km²  - Water 20,047 km² (4. ...

Brands

Sears Holdings has many exclusive brands:

  • Craftsman tools
  • Kenmore appliances
  • DieHard car batteries
  • Martha Stewart-branded home decor, kitchen and home improvement items
  • Jaclyn Smith-branded clothing
  • Sesame Street-branded clothing
  • Thalia Sodi-branded clothing and jewelry
  • Lands' End clothing
  • Route 66 clothing
  • Joe Boxer underwear and home decor
  • Ty Pennington STYLE home decor

Craftsman is an artisan who practices a handicraft or trade; a style of architecture and furniture arising from the Arts and Crafts movement; a military rank within the Royal Electrical and Mechanical Engineers, equivalent to a private; and ... Kenmore may refer to: Kenmore, Scotland. ...

Major sponsorships

NASCAR Craftsman Truck Series logo
NASCAR Craftsman Truck Series logo

Sears Holdings Corporation sponsors the NASCAR Craftsman Truck Series. NASCAR Craftman Truck Series logo. ... Rednecks rock! The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of motorsports in the United States. ... NASCAR Craftsman Truck Series logo The Craftsman Truck Series is a popular NASCAR racing series that features modified pickup trucks. ...


Diversity

  • Sears Holdings received a 57% rating on the 2004 Corporate Equality Index published by the Human Rights Campaign.
  • Sears Holdings was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.

HRC logo The Human Rights Campaign (HRC) is one of the largest lesbian, gay, bisexual, and transgender (LGBT) equal rights organization in the United States. ...

Further Reading

  • Katz, Donald R. (1987) The Big Store: Inside the Crisis and Revolution at Sears Viking Press; New York
  • Stevenson, Katherin Cole, and Jandl, H. Ward, (1995) Houses By Mail: A Guide to Houses from Sears, Roebuck and Company John Wiley & Sons; Hoboken, New Jersey

New York City, officially named the City of New York, is the most populous city in the United States, the most densely populated major city in North America, and the largest financial center in the world. ... Image of Hoboken taken by NASA (red line shows where Hoboken is). ...

See also

Sears Canada Inc. ... Kmart Australia is a discount department store chain, roughly equivalent to Wal-Mart stores in the United States. ...

External links


  Results from FactBites:
 
Sears Tower - Wikipedia, the free encyclopedia (1110 words)
Sears executives decided early on that the space they would immediately occupy should be as efficiently designed to house the small army that was their Merchandise Group.
Sears and the City of Chicago approved the design, and the first steel was put in place in April 1971.
Sears Tower was unseated for having the highest roof of any building in the world and the highest habitable floor in the world by Taipei 101 in 2004.
Sears Holdings Corporation - Wikipedia, the free encyclopedia (2920 words)
Richard Sears was a railroad station agent in Minnesota when he received a shipment of watches which were unwanted by a local jeweler.
Richard Sears knew that farmers often brought their crops to town where they could be sold and shipped, and then bought supplies, often at very high prices, from local general stores.
Sears diversified and became a conglomerate during the mid-20th century.
  More results at FactBites »

 
 

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