Former holding company of Sears and Kmart from 2005 to 2019
This article is about the holding company. For the department store chain, see Sears.
Sears Holdings Corporation
Company type
Public
Industry
Retail
Genre
Big-box stores
department stores
Predecessors
Kmart Holding Corporation
Sears, Roebuck and Co.
Founded
March 24, 2005; 19 years ago (March 24, 2005)[1]
Defunct
June 2019; 4 years ago (June 2019)
Fate
Chapter 11 bankruptcy; assets sold to ESL Investments and moved to its new subsidiary
Successor
Transformco[2]
Headquarters
3333 Beverly Road,
Hoffman Estates, Illinois
,
US
Number of locations
766[3] (Q3 2018)
Areas served
United States
Key people
Eddie Lampert (former chairman and CEO)
Mohsin Y. Meghji (chief restructuring officer)
Office of the CEO:
Leena Munjal (Chief Digital Officer)
Greg Ladley (President of Apparel and Footwear)
Robert A. Riecker (Chief Financial Officer)
Revenue
US$13.2 billion (FY2019)[4]
Operating income
US$−1.43 billion (FY2018)[5]
Net income
US$−1.7 billion (FY2019)[4]
Total assets
US$6.7 billion (FY2019)[4]
Total equity
US$−1.72 billion (FY2019)[6]
Number of employees
85,000 (2019)[4]
Subsidiaries
Kmart (2005–2019)
Sears (2005–2019)
Website
Archive of website before company dissolved
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] It was the 20th-largest retailing company in the United States in 2015.[8] It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019.[9] The new owner moved Sears assets to its newly formed subsidiary Transform Holdco LLC and after that, Sears Holdings Corporation was closed.
^"2015 Form 10-K, Sears Holding Company" (PDF). Sears Holdings.
^"ESL Investments Completes Acquisition of Sears Holdings' Assets". www.businesswire.com. February 11, 2019. Retrieved 2019-09-02.
^"Document". www.sec.gov.
^ abcd"Sears Holdings". Forbes.
^"SEARS HOLDINGS CORP (SHLDQ) Income Statement - Yahoo Finance". finance.yahoo.com.
SearsHoldings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart...
Sears, Roebuck and Co. (/sɪərz/ SEERZ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and...
referred to as "New Sears") is an American privately held company formed on February 11, 2019, to acquire some of the assets of SearsHoldings Corporation. The...
would be transferred to the new Sears Holdings Corporation and Sears would be purchased by the new SearsHoldings Corporation. The new corporation announced...
Sears Modern Homes were houses sold primarily through mail order catalog by Sears, Roebuck and Co., an American retailer. From 1908 to 1942, Sears sold...
chain, in 1962. Despite the company using the Sears name, it has no relations with Chicago, Illinois-based Sears Roebuck and Company and its 2005-2019 parent...
chairman of SearsHoldings Corp on February 14, 2019. In January 2019, a group of Sears' creditors hoping to persuade a federal judge to force Sears to liquidate...
Sears Roebuck de Puerto Rico, Inc., or just Sears de Puerto Rico, was founded in 1961, as a subsidiary to the main Sears Roebuck and Company. It would...
years. In In the Matter of SearsHoldings Management Corp., the FTC alleged that a research software program provided by Sears was deceptive because it...
The Now Arena (originally known as the Sears Centre, Sears Centre Arena and stylized as NOW Arena) is a multi-purpose arena in Hoffman Estates, Illinois...
The Sears Wish Book was a popular Christmas-themed catalog released annually by the American department store chain Sears in August or September. The...
departments through 2008, after which Sears would purchase the remaining inventory at book value. In April 2008, SearsHoldings agreed to obtain Footstar's intellectual...
Warren Sears (December 7, 1863 – September 28, 1914) was an American company manager, retail businessman and the co-founder of department store Sears, Roebuck...
renamed to Sears Outlet. In 2008, Apparel was introduced to stores and served as a liquidation outlet for Lands' End. In 2012, parent SearsHoldings spun off...
retail company Sears, which had its headquarters there until 1994, while the upper stories were rented out. The structure was known as the Sears Tower from...
increasing its sales five-fold within two years. "Coldspot: 1928-1976". Sears Archives. Sears Brands. Retrieved 31 July 2011. Brooke, Eliza (2018-12-27). "How...
new complex opened in 2013. In 2015, the Sears property was among the 235 properties sold by SearsHoldings to Seritage Growth Properties. Sports Authority...
forced Upton to diversify until, in 1916, they landed Sears, Roebuck & Co. as a customer. Sears began selling two types of Upton wringer washers under...
"Bobby" Franks on May 21, 1924. In 1893, Richard Sears and Alvah C. Roebuck renamed their watch company Sears, Roebuck & Company and began to diversify. Rosenwald...