Sears is an American multinational mid-range department store chain headquartered in Hoffman Estates, Illinois. The official name of Sears is Sears Holdings Corporation The company was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1893 as a mail order catalog. In 1925 it began opening physical stores. It was formerly a component of the Dow Jones Industrial Average before being bought out by Kmart, forming the Sears Holdings Corporation in early 2005.
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The demise of Sears provides a perfect cautionary tale. By all accounts, the former retail giant -- which was in a “death ...