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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]
The company has faced consistent quarters of decline since the merger of Sears, Roebuck and Co. and Kmart Corp in 2005, the first year of results for the merged company. Income plunged 84 percent from $858 million, or $6.17 per diluted share from 2005 to 2011. [21]
Roebuck co-founded Sears, Roebuck and Company with Richard Warren Sears in 1891. [1] [2]In 1895, Roebuck asked Sears to buy him out for about $20,000. At Richard Sears's request, Roebuck took charge of a division that handled watches, jewelry, optical goods, and, later, phonographs, magic lanterns and motion picture machines.
The runaway success of Sears, Roebuck and Company inspired its creators to build a merchandising plant covering 41.6 acres on Chicago's west side in 1904. With nine stories and 3 million square ...
Roebuck was Sears's first employee, and he later became co-founder of Sears, Roebuck & Company, which was formed in 1891 when Sears was 28 years old. In 1895 the company was short of cash and Roebuck had left the business. Sears sold one half of the company for $75,000.00 to Aaron Nusbaum and his brother-in-law, Julius Rosenwald.
Julius Rosenwald (August 12, 1862 – January 6, 1932) was an American businessman and philanthropist.He is best known as a part-owner and leader of Sears, Roebuck and Company, and for establishing the Rosenwald Fund, which donated millions in matching funds to promote vocational or technical education.
Sears, Roebuck and Company Warehouse Building or variations may refer to: in the United States (by state then city) Sears, Roebuck & Company Mail Order Building (Los Angeles, California) , listed on the NRHP in Boyle Heights, Los Angeles, California
Sears Roebuck and Co. was the height of Fond du Lac shopping after it opened in 1928 at what is now 26 S. Main St., where Marian University's Center for Health Professions now stands.
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