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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.
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. These employees received cost-of-living allowances, paid vacations, retirement funds and free medical treatment. [3]
Shopping centers in Mexico are classified into six different types: [1] Super-regional shopping center with 90,000+ sqm GLA. These typically have 3 or more full-line department store anchors (e.g. Liverpool , El Palacio de Hierro , Sears ) and feature merchandise in the luxury, premium and AAA categories.
Today’s Sears’ footprint is minuscule, with no more than 12 Sears stores remaining in the continental US, according to data from Google Maps. A November post in the Union Gap, WA Facebook ...
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Photos of aging Sears and Kmart stores offer a glimpse into the collapse of the two retail empires, including those shot inside the ill-fated Frederick Sears. Related: Iconic Department Stores We Miss
You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the work; Under the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made.