National retail chain with Sears and Kmart stores.
3333 Beverly Road
Hoffman Estates, IL 60179
CEO: Eddie Lampert
Stock Symbol: SHLD
Sears Holdings is one of the nation's largest retailers formed in 2005 with the merger of Sears Roebuck & Co. and Kmart. The company operates over 2,500 stores nationwide.
Sears Holdings is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Joe Boxer, Jaclyn Smith, Apostrophe and Covington brands.
Sears has 916 full-line stores of which 798 are in the U.S. and Puerto Rico. Sears also has 411 specialty stores in the U.S. and Canada.
Lands' End, Inc. is a leading direct merchant of traditionally styled casual clothing, accessories and footwear for men, women and children, as well as home products and soft luggage. Lands' End has 14 retail stores, averaging 8,600 square feet, which offer Lands' End merchandise primarily from catalog and Internet channel overstocks. In addition, Lands' End has 290 "store within a store" departments primarily inside Sears Domestic broadline locations.
Kmart has 1,221 discount stores in 49 states, Guam, Puerto Rico and U.S. Virgin Islands. The average Kmart store carries between 60,000 and 80,000 products while the superstores have 100,000-150,000 products.
Sears is the largest provider of home repair services with more than 11 million service calls made annually.
Eddie Lampert is the Chairman of Sears Holdings and is well-known as a hedge fund manager and investor. The company has struggled with declining sales and losses over the past few years.
The company announced plans to close 34 Sears stores in 2012. It sold 11 full-line Sears locations to General Growth Properties for $270 million in February.
The company completed the separation of Sears Hometown and Outlet Stores, Inc. in October 2012, raising $446.5 million for Sears Holdings. It also completed a partial spin-off of Sears Canada and now owns 51%.
In fiscal 2012, Sears Holdings reported revenues of $39.8 billion, down from $41.5 billion, and net loss of $1.05 billion.
In 1886, Richard Sears began the R.W. Sears Watch Company in Minneapolis. In 1887, Sears settles in the company's first Chicago location and hires a watchmaker named Alvah C. Roebuck. The company formed a catalog in 1888 featuring watches and jewelry.
In 1893, the company's name becomes Sears, Roebuck and Co. The company would launch its first general catalog in 1896 which would allow millions of Americans to shop from home and receive goods via mail.
The first Sears Roebuck retail store opened in 1925 in a catalog center on Chicago's west side. Sears would launch the Kenmore appliance and Craftsman hardware brands in 1927.
In 1973, Sears would move its headquarters to Sears Tower in Chicago, which was then the world's tallest building.
In 1899, Sebastian S. Krege founded the S. S. Kredge stores. The company would expand and by 1962, opened its first Kmart discount store in the Detroit area. The S.S. Kredge company changed its name to Kmart Corp. in 1977.
In 2002, Kmart filed for bankruptcy and closed 600 stores. It emerged from Chapter 11 a year later under the leadership of Edward Lampert, a hedge fund manager. Lampert led the merger with Sears in 2004 and is now the company's chairman.
The following are offered to employees of both Kmart and Sears but may vary depending on position
- Medical coverage
- Dental plan
- Legal plan
- 401(k) savings plan
- Flexible Spending Account
- Associate discount
- Tuition reimbursement
- Short-term and Long-term Disability Insurance
- Vacation and holidays
The Sears headquarters campus in Hoffman Park, IL offers the following:
· Fitness Center
· Recreation Leagues
· Childcare Center
· Associate Referral Program
· Hair Salon
· Auto Center
· Dry Cleaners
· Optical Center
· Health Center
· Sample Store
· Sears Center Box Office
· Business Casual Dress Code
Updated May 23, 2013