Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Sears shopping experience:

1. Compare - without doubt the biggest advantage that the Sears offers shoppers today is the ability to compare thousands of Sears at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.

2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about

3. Testimonials - don't know anybody that has bought a Sears? Wrong! If the Sears is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.

4. Questions - Got a question about Sears then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....

5. Reputation - Never heard of the company selling Sears? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Sears and build up a picture of their reputation for sales, returns, customer service, delivery etc.

6. Returns - still worried that even after all of the above your Sears wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.

7. Feedback - happy with your Sears then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.

8. Security - check for the yellow padlock on the Sears site before you buy, and the s after http:/ /i.e. https:// = a secure site

9. Contact - got a question about Sears, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.

10. Payment - ready to pay for your Sears, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.

{{Infobox_Company | company_name = Sears, Roebuck and Company | company_logo = ] | company_type = Subsidiary of [Sears Holdings Corporation | foundation = 1886 ([Chicago, Illinois, [United States) | location = [Hoffman Estates, Illinois, USA | slogan = Where It Begins| revenue = $23.6 Billion | industry = [Retail | products = Clothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools, and electronics. | homepage = http://www.sears.com/ www.sears.com | -->

Sears, Roebuck and Company is an United States mid-range chain of international department stores, founded by Richard Sears and Alvah Roebuck in the late 19th century. It operates in Canada under Sears Canada and Mexico under Sears Mexico. From its mail order beginnings, the company grew to become the largest Retailing in the United States by the mid-20th century, and its catalogs became famous. Competition and changes in the demographics of its customer base challenged the company after World War II as its rural and inner city strongholds shrank and the suburban markets grew. Eventually its catalog program was largely discontinued. Sears merged with Kmart in early 2005, creating the Sears Holdings Corporation.

The largest Sears store in the world, operated by Sears Canada, is , in the Toronto Eaton Centre. The largest American store is located near the Sears headquarters at Woodfield Mall in Schaumburg, Illinois, a suburb of Chicago. It has of retail space.

History In 1886, the United States contained only thirty-eight states. Many people lived in rural areas and relied on agriculture. For many Americans, a single general store was their source of supplies. Merchandise went through many wholesalers on the way to the retail outlet, not an inexpensive method of handling. Many general stores received their shipments of merchandise through the growing network of railroads.

Richard Sears and a shipment of watches Richard Sears was a railroad station agent in Redwood Falls, Minnesota when he received a shipment of watches from a Chicago jeweler which were unwanted by a local jeweler. Sears purchased them himself, sold the watches at a nice profit to other station agents up and down the line, and then ordered more for resale. Soon he started a business selling watches through mail order catalogs. The next year, he moved to Chicago, Illinois where he met Alvah C. Roebuck, who joined him in the business. In 1893, the corporate business name became Sears, Roebuck and Company.



Competing with general stores through mail order catalog Richard Sears knew that farmers often brought their crops to town, where they could be sold and shipped. Before the Sears catalog, farmers typically bought supplies (often at very high prices) from local general stores. Sears took advantage of this by publishing his catalog with clearly stated prices, so that consumers could know what he was selling and at what price, and order and obtain them conveniently. The catalog business grew quickly. By 1894, the Sears catalog had grown to 322 pages, featuring sewing machines, bicycles, Sports equipment, and a host of other new items.

Organizing the company so it could handle orders on an economical and efficient basis, Chicago clothing manufacturer Julius Rosenwald became a part-owner in 1895. Alvah Roebuck had to resign soon after due to ill-health, but the company still retained his name. By the following year, dolls, refrigerators, stoves and groceries had been added to the catalog.

Sears, Roebuck and Company soon developed a reputation for both quality products and customer satisfaction. By 1895, the company was producing a 532 page catalog with the largest variety of items that anybody back then could have thought of. “In 1893, the sales topped 400,000 dollars. Two years later they exceeded 750,000 dollars.”

In 1906 Sears opened its catalog plant which included the original Sears Tower pictured on this page. Book: Historic Sears, Roebuck and Co. Catalog Plant ISBN 0-7385-3977-5, opening date.

Selling, advertising, merchandising—these were Richard Sears' talents, not organizing the company so it could handle orders on an economical and efficient basis. That was left to Chicago clothing manufacturer Julius Rosenwald, who bought into the company in 1895.

Sears catalog homes People had learned to trust Sears for other products bought mail-order, and thus, sight unseen. This laid important groundwork for supplying a home, possibly the largest single purchase a typical family would ever make. In 1908, the company began offering entire houses as kits, marketed as Sears Catalog Homes, and by the time the program ended in 1940, over 100,000 had been sold.

Retail stores at the former Westwood Mall (Houston, Texas) in Houston, TexasThe first Sears retail store opened in Chicago on February 2, 1925 in the Merchandise building (in a portion of the company's headquarters at Homan Avenue and Arthington Street). This store included an optical shop and a soda fountain. The first freestanding retail store opened October 5, 1925 in Evansville, Indiana. During the summer of 1928 three more Chicago department stores opened, one on the north side at Lawrence and Winchester, a second on the south side at 79th and Kenwood, and the third at 62nd and Western. In 1929 Sears took over the department store business of Becker-Ryan Company. In 1933 Sears tore down the old Becker-Ryan Company store in Englewood, and built the first windowless department store, inspired by the 1932 Chicago World's Fair.

The Sears, Roebuck catalog was sometimes referred to as "the Consumers' Bible". The Christmas Catalog was known as the "Wish Book", perhaps because of the toys in it. The catalog also entered the language, particularly of rural dwellers, as a euphemism for toilet paper. In the days of outhouses and no readily available toilet paper, the pages of the mass-mailed catalog were used as toilet paper.

After World War II, the company built many department stores in suburban shopping malls. The company was the largest retailer in the United States until the early 1980s but had dropped significantly in rankings by the time it merged with Kmart.

The highest grossing Sears store in the World is located in Puerto Rico.

Store brands, diversified services, Allstate, and Discover Sears diversified and became a Conglomerate (company) during the mid-20th century. It established several major brands of products such as Kenmore, Craftsman (tools), DieHard, Silvertone (electronics) and Tuff-skin. The company started the Allstate back in 1931, and had representatives operating in its stores as early as 1934. It purchased Dean Witter and Coldwell Banker real estate in 1981, and started what became Prodigy (ISP) as a joint venture with IBM in 1984. It also introduced the Discover Card in 1985. During the late-1980s, and as late as 1993, the Discover card was the only accepted credit card at many Sears retail locations.

Alvah Roebuck returned to the organization during the Great Depression, and worked as a spokesperson until his death some years later. Part of the reason Roebuck left Sears in 1895 was due to the stress the business placed upon him, and he later took some delight in pointing out his longevity versus the much shorter life of Richard Sears. In the 1970s, the name "Roebuck" was dropped from the trade name of the stores, though not from the official corporate name.

Reaching new heights Sears made history in 1974 when it completed the 110-story Sears Tower in Chicago. The tower became the world's tallest building upon its completion, a title it held until the completion of the Petronas Towers in Kuala Lumpur in 1996. By 1993, however, Sears left and subsequently sold the tower, moving to Hoffman Estates, Illinois. Sears still owns the naming rights to the building.

Logo The Sears logo currently used on most store signage was created in 1984. Previously, the Sears logo consisted of the name "Sears" in a rectangle. Now it consists of the blue text, Sears, with a white line separating each letter down along the length of its strokes. In late 2004, the logo was switched from all upper case to mixed case for catalogs and other marketing methods.

Sears formerly traded on the New York Stock Exchange (NYSE) under the ticker of "S", which is now used by the Sprint Nextel Corporation. Sears, Roebuck and Company is also a former Dow Jones Industrial Average component, listed from January 22, 1924 to October 29, 1999.

Advertising slogans | last = Baar | first = Aaron | title = Sears: 'Where It Begins' | journal = [Adweek | date = May 5, [ | url = http://www.adweek.com/aw/national/article_display.jsp?vnu_content_id=1003581783 | accessdate = [2007-09-04 -->

1981-2005 Adam Walsh, the young son of reporter John Walsh (America's Most Wanted), was abducted from a Sears department store in Hollywood, Florida (old Hollywood Mall store, now closed) in 1981 and subsequently murdered. As a result of the incident, Wal-Mart responded by creating Code Adam, a set of procedures to locate children that are reported missing while in the store. Similar procedures have been implemented by other retailers.{{cite web], 1998| language = English-->

In the 1980s and 1990s, the company divested itself of many non-retail entities, which were creating a burden on the company's bottom line.

In 1993, Sears stopped production of its general merchandise catalog because of sinking sales and profits. However, Sears Holdings does continue to produce specialty catalogs and the Holiday Wish Book.

In 2003, Sears sold its retail credit card operation to [Citibank. The remaining card operations were sold to JPMorgan Chase & Co. in August, 2005. This launched the new Sears Gold MasterCard.

Ever since the sale of credit to Citibank, the interest rates on Sears Cards have gone up significantly. The starting rate on a regular Sears Card is currently 25.40%. The starting rate on the Sears Gold Mastercard is 19.4%, and up.

In the early 1980s, Sears ceased selling shotguns, which had previously been sold primarily under their internal J C Higgins sporting brand from 1908 until 1961, and this alienated them from some of their historical core of rural and working-class consumers.

In the late 1990s, the company's market share in many areas deteriorated as Wal-Mart drew away working-class consumers, and Federated Department Stores attracted wealthier consumers.

In 2005, Sears began adopting certain tactics used by competitors. In October 2005, they imposed a restocking fee of 15% on many of the stores items over $150 and on home-delivered merchandise.

Sears Grand prototype , (Salt Lake City area), Utah.In 2003, Sears opened a new hypermarket concept brand named Sears Grand. Sears Grand stores carry everything that a regular Sears carries, plus health and beauty, toys, baby care, cleaning supplies, home decor, pet food, cards and party supplies, books, magazines, electronics, music, movies, and a full-line of groceries. Sears Grand stores are about 175,000 to 225,000 square feet (16,300 to 19,500 m²). The first Sears Grand store (and still the largest at 225,000 square ft) opened at Jordan Landing in West Jordan, Utah in 2003. In 2005, the company began renovating some Kmart stores and converting them to the Sears Essentials Sears ditches Sears Essentials name format, only to change them later to Sears Grand format. Sears Essentials signs still have not been changed on many stores that were changed prior to this decision.

Merger with Kmart On November 17, 2004, Kmart announced its intentions to purchase Sears. As a part of the merger, the Kmart Holdings Corporation would change its name to Sears Holdings Corporation. The new corporation announced that it would continue to operate stores under both the Sears and Kmart brands.

Possible future acquisitions It has been speculated that Sears management is interested in more purchases beyond the Kmart takeover of Sears, and the idea that investor Edward Lampert is interested in becoming an investment company more than a retailer. Some of many possible targets are other companies that have low stock prices relative to company value. Some mentioned are Safeway, Home Depot, and Anheuser-Busch. The source linked here speculates that Sears Grand could be expanded in combination with Safeway's grocery stores. Chicago Sun-Times story possible Sears Holding Company targets. Another potential purchase is Radio Shack since a former Kmart CEO took over as CEO and chairman. Sun-Times speculation of possible Sears/Radio Shack deal. The Washington Post, in an article dated March 11, 2007, described the current Sears as a hedge fund with money being diverted from the maintenance and improvement of stores to non-retail financial investments. A former executive is quoted as saying the company faces an "uncertain future". Surprisingly, a third of pre-tax income in the third quarter of 2006, according to The Washington Post, was due to financial trades, not the retail business. However, these investments performed poorly in the fourth quarter.The Washington Post, Risky Side of Sears: Retailer Is Recast As a Hedge Fund, As Sales and Stores Decline, Chairman Focuses on Investment, March 11, 2007.

Subsidaries Current

Former

Sears Tower and Sears Merchandise Building Tower The original Sears Tower was built in Lawndale on the west side in 1905-1906.

Sears, Roebuck and Company built the famed Sears Tower, which was completed in 1974. This building, located in Chicago, Illinois, is the Tallest buildings in the United States. The company, however, no longer owns the building.

Employee relations Sears has struggled with employee relations. One notable example being the shift in 1992 from an hourly wage based on longevity, to a base wage (usually $6/hour) and commissions ranging from 1.5% to 4%. This new base wage, often a substantial cut was done in the interest of "to be successful in this highly competitive environment." 600-plus Sears jobs to be cut Chicago Tribune February 13, 1992

Sears is one of the few retailers to still pay commission though. They believe that this will create more knowledgeable employees and provide better customer service.

Prairie Stone Business Park This is the current headquarters of the Sears Holdings Corporation in Hoffman Estates, Illinois. A modern suburban office park location seen as more efficient campus type setting in a suburb, than the downtown Sears Tower Chicago location. Recently opened is the 25% Sears owned Sears Centre Arena continuing the common practice of naming a sports arena/expo center for an extended period of time. Ryan Companies owns the remaining 75%, other offices and hotels are being developed on the Prairie Stone campus. Prairie Stone Business Park, Current Sears headquarters location and Sears Centre Arena.

See also

References

External links

{{Infobox_Company | company_name = Sears, Roebuck and Company | company_logo = ] | company_type = Subsidiary of [Sears Holdings Corporation | foundation = 1886 ([Chicago, Illinois, [United States) | location = [Hoffman Estates, Illinois, USA | slogan = Where It Begins| revenue = $23.6 Billion | industry = [Retail | products = Clothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools, and electronics. | homepage = http://www.sears.com/ www.sears.com | -->

Sears, Roebuck and Company is an United States mid-range chain of international department stores, founded by Richard Sears and Alvah Roebuck in the late 19th century. It operates in Canada under Sears Canada and Mexico under Sears Mexico. From its mail order beginnings, the company grew to become the largest Retailing in the United States by the mid-20th century, and its catalogs became famous. Competition and changes in the demographics of its customer base challenged the company after World War II as its rural and inner city strongholds shrank and the suburban markets grew. Eventually its catalog program was largely discontinued. Sears merged with Kmart in early 2005, creating the Sears Holdings Corporation.

The largest Sears store in the world, operated by Sears Canada, is , in the Toronto Eaton Centre. The largest American store is located near the Sears headquarters at Woodfield Mall in Schaumburg, Illinois, a suburb of Chicago. It has of retail space.

History In 1886, the United States contained only thirty-eight states. Many people lived in rural areas and relied on agriculture. For many Americans, a single general store was their source of supplies. Merchandise went through many wholesalers on the way to the retail outlet, not an inexpensive method of handling. Many general stores received their shipments of merchandise through the growing network of railroads.

Richard Sears and a shipment of watches Richard Sears was a railroad station agent in Redwood Falls, Minnesota when he received a shipment of watches from a Chicago jeweler which were unwanted by a local jeweler. Sears purchased them himself, sold the watches at a nice profit to other station agents up and down the line, and then ordered more for resale. Soon he started a business selling watches through mail order catalogs. The next year, he moved to Chicago, Illinois where he met Alvah C. Roebuck, who joined him in the business. In 1893, the corporate business name became Sears, Roebuck and Company.



Competing with general stores through mail order catalog Richard Sears knew that farmers often brought their crops to town, where they could be sold and shipped. Before the Sears catalog, farmers typically bought supplies (often at very high prices) from local general stores. Sears took advantage of this by publishing his catalog with clearly stated prices, so that consumers could know what he was selling and at what price, and order and obtain them conveniently. The catalog business grew quickly. By 1894, the Sears catalog had grown to 322 pages, featuring sewing machines, bicycles, Sports equipment, and a host of other new items.

Organizing the company so it could handle orders on an economical and efficient basis, Chicago clothing manufacturer Julius Rosenwald became a part-owner in 1895. Alvah Roebuck had to resign soon after due to ill-health, but the company still retained his name. By the following year, dolls, refrigerators, stoves and groceries had been added to the catalog.

Sears, Roebuck and Company soon developed a reputation for both quality products and customer satisfaction. By 1895, the company was producing a 532 page catalog with the largest variety of items that anybody back then could have thought of. “In 1893, the sales topped 400,000 dollars. Two years later they exceeded 750,000 dollars.”

In 1906 Sears opened its catalog plant which included the original Sears Tower pictured on this page. Book: Historic Sears, Roebuck and Co. Catalog Plant ISBN 0-7385-3977-5, opening date.

Selling, advertising, merchandising—these were Richard Sears' talents, not organizing the company so it could handle orders on an economical and efficient basis. That was left to Chicago clothing manufacturer Julius Rosenwald, who bought into the company in 1895.

Sears catalog homes People had learned to trust Sears for other products bought mail-order, and thus, sight unseen. This laid important groundwork for supplying a home, possibly the largest single purchase a typical family would ever make. In 1908, the company began offering entire houses as kits, marketed as Sears Catalog Homes, and by the time the program ended in 1940, over 100,000 had been sold.

Retail stores at the former Westwood Mall (Houston, Texas) in Houston, TexasThe first Sears retail store opened in Chicago on February 2, 1925 in the Merchandise building (in a portion of the company's headquarters at Homan Avenue and Arthington Street). This store included an optical shop and a soda fountain. The first freestanding retail store opened October 5, 1925 in Evansville, Indiana. During the summer of 1928 three more Chicago department stores opened, one on the north side at Lawrence and Winchester, a second on the south side at 79th and Kenwood, and the third at 62nd and Western. In 1929 Sears took over the department store business of Becker-Ryan Company. In 1933 Sears tore down the old Becker-Ryan Company store in Englewood, and built the first windowless department store, inspired by the 1932 Chicago World's Fair.

The Sears, Roebuck catalog was sometimes referred to as "the Consumers' Bible". The Christmas Catalog was known as the "Wish Book", perhaps because of the toys in it. The catalog also entered the language, particularly of rural dwellers, as a euphemism for toilet paper. In the days of outhouses and no readily available toilet paper, the pages of the mass-mailed catalog were used as toilet paper.

After World War II, the company built many department stores in suburban shopping malls. The company was the largest retailer in the United States until the early 1980s but had dropped significantly in rankings by the time it merged with Kmart.

The highest grossing Sears store in the World is located in Puerto Rico.

Store brands, diversified services, Allstate, and Discover Sears diversified and became a Conglomerate (company) during the mid-20th century. It established several major brands of products such as Kenmore, Craftsman (tools), DieHard, Silvertone (electronics) and Tuff-skin. The company started the Allstate back in 1931, and had representatives operating in its stores as early as 1934. It purchased Dean Witter and Coldwell Banker real estate in 1981, and started what became Prodigy (ISP) as a joint venture with IBM in 1984. It also introduced the Discover Card in 1985. During the late-1980s, and as late as 1993, the Discover card was the only accepted credit card at many Sears retail locations.

Alvah Roebuck returned to the organization during the Great Depression, and worked as a spokesperson until his death some years later. Part of the reason Roebuck left Sears in 1895 was due to the stress the business placed upon him, and he later took some delight in pointing out his longevity versus the much shorter life of Richard Sears. In the 1970s, the name "Roebuck" was dropped from the trade name of the stores, though not from the official corporate name.

Reaching new heights Sears made history in 1974 when it completed the 110-story Sears Tower in Chicago. The tower became the world's tallest building upon its completion, a title it held until the completion of the Petronas Towers in Kuala Lumpur in 1996. By 1993, however, Sears left and subsequently sold the tower, moving to Hoffman Estates, Illinois. Sears still owns the naming rights to the building.

Logo The Sears logo currently used on most store signage was created in 1984. Previously, the Sears logo consisted of the name "Sears" in a rectangle. Now it consists of the blue text, Sears, with a white line separating each letter down along the length of its strokes. In late 2004, the logo was switched from all upper case to mixed case for catalogs and other marketing methods.

Sears formerly traded on the New York Stock Exchange (NYSE) under the ticker of "S", which is now used by the Sprint Nextel Corporation. Sears, Roebuck and Company is also a former Dow Jones Industrial Average component, listed from January 22, 1924 to October 29, 1999.

Advertising slogans | last = Baar | first = Aaron | title = Sears: 'Where It Begins' | journal = [Adweek | date = May 5, [ | url = http://www.adweek.com/aw/national/article_display.jsp?vnu_content_id=1003581783 | accessdate = [2007-09-04 -->

1981-2005 Adam Walsh, the young son of reporter John Walsh (America's Most Wanted), was abducted from a Sears department store in Hollywood, Florida (old Hollywood Mall store, now closed) in 1981 and subsequently murdered. As a result of the incident, Wal-Mart responded by creating Code Adam, a set of procedures to locate children that are reported missing while in the store. Similar procedures have been implemented by other retailers.{{cite web], 1998| language = English-->

In the 1980s and 1990s, the company divested itself of many non-retail entities, which were creating a burden on the company's bottom line.

In 1993, Sears stopped production of its general merchandise catalog because of sinking sales and profits. However, Sears Holdings does continue to produce specialty catalogs and the Holiday Wish Book.

In 2003, Sears sold its retail credit card operation to [Citibank. The remaining card operations were sold to JPMorgan Chase & Co. in August, 2005. This launched the new Sears Gold MasterCard.

Ever since the sale of credit to Citibank, the interest rates on Sears Cards have gone up significantly. The starting rate on a regular Sears Card is currently 25.40%. The starting rate on the Sears Gold Mastercard is 19.4%, and up.

In the early 1980s, Sears ceased selling shotguns, which had previously been sold primarily under their internal J C Higgins sporting brand from 1908 until 1961, and this alienated them from some of their historical core of rural and working-class consumers.

In the late 1990s, the company's market share in many areas deteriorated as Wal-Mart drew away working-class consumers, and Federated Department Stores attracted wealthier consumers.

In 2005, Sears began adopting certain tactics used by competitors. In October 2005, they imposed a restocking fee of 15% on many of the stores items over $150 and on home-delivered merchandise.

Sears Grand prototype , (Salt Lake City area), Utah.In 2003, Sears opened a new hypermarket concept brand named Sears Grand. Sears Grand stores carry everything that a regular Sears carries, plus health and beauty, toys, baby care, cleaning supplies, home decor, pet food, cards and party supplies, books, magazines, electronics, music, movies, and a full-line of groceries. Sears Grand stores are about 175,000 to 225,000 square feet (16,300 to 19,500 m²). The first Sears Grand store (and still the largest at 225,000 square ft) opened at Jordan Landing in West Jordan, Utah in 2003. In 2005, the company began renovating some Kmart stores and converting them to the Sears Essentials Sears ditches Sears Essentials name format, only to change them later to Sears Grand format. Sears Essentials signs still have not been changed on many stores that were changed prior to this decision.

Merger with Kmart On November 17, 2004, Kmart announced its intentions to purchase Sears. As a part of the merger, the Kmart Holdings Corporation would change its name to Sears Holdings Corporation. The new corporation announced that it would continue to operate stores under both the Sears and Kmart brands.

Possible future acquisitions It has been speculated that Sears management is interested in more purchases beyond the Kmart takeover of Sears, and the idea that investor Edward Lampert is interested in becoming an investment company more than a retailer. Some of many possible targets are other companies that have low stock prices relative to company value. Some mentioned are Safeway, Home Depot, and Anheuser-Busch. The source linked here speculates that Sears Grand could be expanded in combination with Safeway's grocery stores. Chicago Sun-Times story possible Sears Holding Company targets. Another potential purchase is Radio Shack since a former Kmart CEO took over as CEO and chairman. Sun-Times speculation of possible Sears/Radio Shack deal. The Washington Post, in an article dated March 11, 2007, described the current Sears as a hedge fund with money being diverted from the maintenance and improvement of stores to non-retail financial investments. A former executive is quoted as saying the company faces an "uncertain future". Surprisingly, a third of pre-tax income in the third quarter of 2006, according to The Washington Post, was due to financial trades, not the retail business. However, these investments performed poorly in the fourth quarter.The Washington Post, Risky Side of Sears: Retailer Is Recast As a Hedge Fund, As Sales and Stores Decline, Chairman Focuses on Investment, March 11, 2007.

Subsidaries Current

Former

Sears Tower and Sears Merchandise Building Tower The original Sears Tower was built in Lawndale on the west side in 1905-1906.

Sears, Roebuck and Company built the famed Sears Tower, which was completed in 1974. This building, located in Chicago, Illinois, is the Tallest buildings in the United States. The company, however, no longer owns the building.

Employee relations Sears has struggled with employee relations. One notable example being the shift in 1992 from an hourly wage based on longevity, to a base wage (usually $6/hour) and commissions ranging from 1.5% to 4%. This new base wage, often a substantial cut was done in the interest of "to be successful in this highly competitive environment." 600-plus Sears jobs to be cut Chicago Tribune February 13, 1992

Sears is one of the few retailers to still pay commission though. They believe that this will create more knowledgeable employees and provide better customer service.

Prairie Stone Business Park This is the current headquarters of the Sears Holdings Corporation in Hoffman Estates, Illinois. A modern suburban office park location seen as more efficient campus type setting in a suburb, than the downtown Sears Tower Chicago location. Recently opened is the 25% Sears owned Sears Centre Arena continuing the common practice of naming a sports arena/expo center for an extended period of time. Ryan Companies owns the remaining 75%, other offices and hotels are being developed on the Prairie Stone campus. Prairie Stone Business Park, Current Sears headquarters location and Sears Centre Arena.

See also

References

External links



Sears, Roebuck and Co.
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Find, shop for and buy at Sears.ca ... Enter your email, and we'll send updates about our newest arrivals, sales, and exclusive offers:

Sears, Roebuck and Company - Wikipedia, the free encyclopedia
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Sears Tower - Wikipedia, the free encyclopedia
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Sears Department Store ~ Home Decor & Furniture from Sears ShowPlace
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Sears



 
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