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In 1949, Sears México had around 2,500 Mexican suppliers furnishing some 80 percent of the goods in the Mexico City store. [3] A second and third Sears were opened in 1949 in Monterrey and Guadalajara, and by 1953, Sears had seven stores in Mexico with annual sales of more than $15 million and employed around 1,900 people.
Sears expanded into Latin America and Spain starting with a small store in Downtown Havana, Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.
Sears, Roebuck and Co., commonly known as Sears (/ s ɪər z / SEERZ), [5] is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
It is about four miles (6 km) from the border with Mexico. [4] Macy's closed its Sunland Park Mall store in 2017. Western Wear moved into the former Macy's space. Forever 21 closed in 2018. On November 8, 2018, it was announced that Sears will be closing this location in early 2019 a part of a plan to close 40 stores. [5]
Grupo Sanborns is a retailing arm of the Carlos Slim-run Grupo Carso that includes the namesake Sanborns restaurant and junior department store chain, Mixup music stores, iShop Apple/electronics stores, Sears department stores in Mexico, and until October 2023, Mexico's sole Saks Fifth Avenue store.
On December 28, 2018, Sears announced that the Killeen Mall location would be closing in March 2019 as part of a plan to close 80 stores nationwide. [4] The former Sears will become a second Dillard's. [5] In February 2024, Kohan Retail Investment Group bought the Killeen Mall for $30 million. [6]
Despite the loss of stores, a movie theater and food court were added, the latter replacing G. C. Murphy. As a result of declining traffic, JCPenney closed in 1997, followed by Sears and Dillard's, leaving the mall without an anchor store. [3] In 2004, Legaspi bought the property, which at the time had only a 10 percent occupancy rate.
[39] [40] By February 2014, Sears Outlet stores had expanded its operations to 143 locations. [41] The majority of Sears Outlet stores are company-operated (115) and 28 Sears Outlet stores are locally owned and operated by franchisees. [42] Sears Hometown and Outlet Stores initiated a program to franchise Sears Outlet stores in 2012.
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