USA HISTORY

Detailed explanation-1: -Sears, in full Sears, Roebuck and Company, American retailer of general merchandise, tools, home appliances, clothing, and automotive parts and services. It is a subsidiary of Sears Holdings Corporation, which, following a bankruptcy auction, was purchased by the hedge fund ESL Investments in 2019.

Detailed explanation-2: -Sears, Roebuck and Co. was once the world’s largest retailer, operating nearly 3, 500 Sears and Kmart stores. Now, only 22 stores remain in business after the company’s massive downsize.

Detailed explanation-3: -Sears, Roebuck and Company is a retail giant with 19th-century roots as a mail-order business operating in rural America. Sears grew into one of the nation’s largest corporations, redefining the American shopping experience in the process. Its 130-year history embodies the rise and fall of American consumer culture.

Detailed explanation-4: -Sears shut its catalogue business down in 1993 only to build an online business, which has many synergies with a catalogue business, from scratch in 1997.