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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]
Kmart (/ ˈ k eɪ m ɑːr t / KAY-mart), formerly legally registered as Kmart Corporation, now operated by Transformco, is a department store chain, and an online retailer in the United States and operates six remaining Kmart big-box department stores — 3 in the US Virgin Islands [5] [6] [7] and one each in Kendale Lakes, Florida (Miami postal address); [4] Bridgehampton, Long Island; [8 ...
On October 15, 2018, Sears Holdings announced that it would close 142 stores, including 63 Kmart stores and 79 Sears stores. [11] [12] Sears Holdings' bankruptcy also marked Kmart's second bankruptcy in 16 years. On November 8, 2018, Sears Holdings announced it would close an additional 40 stores, including 11 Kmart and 29 Sears stores. [13]
Since then, most of those stores, now owned and operated by a division of Lampert’s hedge fund called Transform Holdco LLC, have closed, leaving just a handful of Sears and Kmart locations open ...
Sears is closing 26 more Sears and Kmart stores in the US in October, a press release from the retailers' parent company said on Tuesday.
Sears, Roebuck and Co. (/ s ɪər z / SEERZ), [5] commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
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Edward Scott Lampert (born July 19, 1962) [ 2] is an American billionaire businessman. He is the former chief executive and chairman of Sears Holdings, the founder of Transformco, and the founder, chairman, and chief executive of ESL Investments. Until May 2007, he was a director of AutoNation. [ 3] He was a director of AutoZone from 1999 to ...