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Sears, Roebuck and Company |
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Sears, Roebuck and CompanyU.S. merchandising company, historically one of the world's largest retailers. It was founded in 1893 by Richard W. Sears (1863–1914) and Alvah C. Roebuck (1864–1948). The company grew rapidly, selling mail-order merchandise at low prices to rural dwellers who lacked access to competitive retail outlets. Under Robert E. Wood (president 1928–54), Sears built stores across the U.S., and by 1931 its retail sales had topped its mail-order sales. It diversified into financial services in the 1980s and introduced the Discover credit card in 1985, but in 1992 it began shedding its financial-services subsidiaries. It discontinued its famous catalog in 1993 and spun off insurance subsidiary Allstate (founded by Sears in 1931) in 1995. A merger with Kmart in 2005 brought the two retail chains under the leadership of Sears Holdings Corporation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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No references found | On April 13, Sears, Roebuck and Company presented DeSoto LLC, Joliet, IL, with the Partners in Progress and Diversity Source of the Year awards at the Sears headquarters in Hoffman Estates, IL. DeWitt's prior experience includes senior information technology management positions with responsibility for planning and integration, corporate systems and credit systems for Sears, Roebuck and Company and vice president of management information systems for Saks Fifth Avenue. Earlier in his career, he held positions as Vice President, Business Development at Sears, Roebuck and Company and Vice President, Strategy and Corporate Development at Fort James Corporation. |
Sears, Roebuck and Company |
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