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Mar 3, 2024 · Sears Holdings (SHLD) filed for Chapter 11 bankruptcy on Oct. 15, 2018. A wave of store closures and deals in desperate attempts to stay afloat failed to save the struggling retailer, which...
- Shoshanna Delventhal
Sears started as a humble mail-order service and rose to become the world's largest retailer. Now, it operates less than two dozen stores nationwide.
- Henry Blodget
Jul 25, 2017 · From its start as a 19th-century mail-order firm, to its heyday on Main Street and in suburban malls, and from its late 20th-century reorientation toward credit and financial products to its...
Dec 10, 2023 · The department store chain that once reinvented how Americans shopped now barely has a brick-and-mortar footprint after a 2018 bankruptcy and hundreds of store closures. But talk of Sears’ demise...
In 1887, Sears and Roebuck relocated the business to Chicago, and the company published Richard Sears's first mail-order catalog, offering watches, diamonds, and jewelry. In 1889, Sears sold his business for $100,000 ($3 million in 2021 dollars) and relocated to Iowa, planning to be a rural banker. [16]
Dec 16, 2018 · Lampert has sold off Sears brands and real estate, and closed hundreds of stores. Of the 2,300 Sears locations eight years ago, only about 500 remain open today.
Oct 11, 2018 · CNBC looks at five things that caused Sears to fail in recent years. 1. It diversified too much. Sears was struggling before it got into Lampert’s hands. The retailer was known for its...