Sears: Difference between revisions
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company_logo = [[File:Sears logo.png|300px]]| | company_logo = [[File:Sears logo.png|300px]]| | ||
company_type = Subsidiary of [[Transformco]]| | company_type = Subsidiary of [[Transformco]]| | ||
foundation = 1892 (A.C. Roebuck Watch Company)<br />1893 (Sears, Roebuck, and Co.)| | foundation = 1892 (A.C. Roebuck Watch Company)<br />1893 (Sears, Roebuck, and Co.)<br />2004 (Sears Holdings Corporation)<br />2019 (Sears, brand of Transformco)| | ||
location = Midwest City, Oklahoma, U.S.| | location = Midwest City, Oklahoma, U.S.| | ||
key_people = [[Richard Warren Sears]], founder<br />[[Alvah Curtis Roebuck]], founder| | key_people = [[Richard Warren Sears]], founder<br />[[Alvah Curtis Roebuck]], founder| | ||
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==Acquisition of Dean Reynolds Organization== | ==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]]. | 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]]. | ||
==Prodigy== | |||
In [[1984]], Sears, Roebuck and Co. launched the [[Prodigy]] online service as a joint venture with [[IBM]]. | |||
==Sears rebranding== | ==Sears rebranding== | ||
In 1993, the Roebuck name dropped from Sears stores. | In 1993, the Roebuck name dropped from Sears stores. | ||
==Merger with Kmart== | ==Merger with Kmart== | ||
On November 17, 2004, [[Kmart|Kmart Holdings Corporation]] purchased Sears | On November 17, 2004, [[Kmart|Kmart Holdings Corporation]] purchased Sears after emerging from bankruptcy. Kmart and Sears were merged into Sears Holdings Corporation. | ||
==Bankruptcy and forming of Transformco== | ==Bankruptcy and forming of Transformco== | ||
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[[Category: Companies and organizations based in the United States of America]] | [[Category: Companies and organizations based in the United States of America]] | ||
[[Category: Companies and organizations formed in 1993]] | [[Category: Companies and organizations formed in 1993]] | ||
[[Category: | [[Category: Companies and organizations formed in 2019]] | ||
[[Category: Chain stores]] | [[Category: Chain stores]] | ||
[[Category: Digital shopping]] | [[Category: Digital shopping]] | ||
[[Category: Subsidiaries and divisions of Transformco]] | [[Category: Subsidiaries and divisions of Transformco]] | ||
Revision as of 02:17, 8 December 2023
| |
| Sears | |
| Type | Subsidiary of Transformco |
|---|---|
| Founded | 1892 (A.C. Roebuck Watch Company) 1893 (Sears, Roebuck, and Co.) 2004 (Sears Holdings Corporation) 2019 (Sears, brand of Transformco) |
| 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.
Prodigy
In 1984, Sears, Roebuck and Co. launched the Prodigy online service as a joint venture with IBM.
Sears rebranding
In 1993, the Roebuck name dropped from Sears stores.
Merger with Kmart
On November 17, 2004, Kmart Holdings Corporation purchased Sears 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.
