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Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [ 7 ]
Sears, Roebuck and Co., commonly known as Sears (/ s ɪər z / SEERZ), [6] 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-order catalog company migrating to opening retail locations in 1925, the first in Chicago. [7]
In 2005, Sears sold a 19.9% interest in the company to Ares Management of Los Angeles for US$58.7 million, announcing expansion plans at the time. [ 20 ] [ 21 ] Ares had the option to later purchase another 30.2% stake in the company for US$126.8 million, but did not exercise this right.
The struggling retailer laid off 220 employees from its corporate headquarters in Illinois, effective immediately, CNBC reported on Wednesday.
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This article needs additional citations for verification. ... Sears Holdings: 127 13: Abbott Laboratories: 135 14: Conagra Brands: 197 15: CDW: 199 16: Illinois Tool ...
The company was a spun off from Sears Holdings in 2012. [5] [7] By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. [8] On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores.