Sears

From WE Computers Museum
Revision as of 02:09, 8 December 2023 by Jenni (talk | contribs) (add Sears rebranding)
Sears logo.png
Sears
Type Subsidiary of Transformco
Founded 1892 (A.C. Roebuck Watch Company)
1893 (Sears, Roebuck, and Co.)
Headquarters Midwest City, Oklahoma, U.S.
Key people Richard Warren Sears, founder
Alvah Curtis Roebuck, founder
Industry consumer goods
Products consumer goods
Number of people not disclosed
Website https://www.sears.com/

Sears, Roebuck and Co., better known as Sears, is a retail chain.

A.C. Roebuck Watch Company

Richard Warren Sears and Alvah Curtis Roebuck formed the A.C. Roebuck Watch Company in 1892.

Sears, Roebuck and Co.

The company was renamed Sears, Roebuck, and Co. in 1893.

Tele-Games

Under the Tele-Games label, Sears sold their own models of Atari consoles, beginning with Pong in 1975.

Acquisition of Dean Reynolds Organization

In 1981, Sears, Roebuck and Co. acquired Dean Reynolds Organization. The Discover credit card was introduced in 1985 and Dean Reynolds was spun off from Sears as Dean Witter, Discover & Co. in 1993.

Sears rebranding

In 1993, the Roebuck name dropped from Sears stores.

Prodigy

In 1984, Sears, Roebuck and Co. launched the Prodigy online service as a joint venture with IBM.

Merger with Kmart

On November 17, 2004, Kmart Holdings Corporation purchased Sears, Roebuck and Co. after emerging from bankruptcy. Kmart and Sears were merged into Sears Holdings Corporation.

Bankruptcy and forming of Transformco

On October 15, 2018, Sears announced it was filing for Chapter 11 bankruptcy protection. On February 11, 2019, Transformco was formed to acquire the assets of Sears Holdings Corporation.