July 12, 2014 12:07 PM ET

Multiline Retail

Company Overview of Sears, Roebuck and Co.

Company Overview

Sears, Roebuck and Co., a broadline retailer, provides home merchandise, apparel, and automotive products and services. The company offers cooking, refrigeration, dishwashers, laundry, and vacuums appliances; indoor and outdoor lighting products; furniture; rugs and carpets; kitchen and bath fixtures; outdoor entertaining products; decorative hardware products, such as cabinets, hardware, lock sets, and door bells; and contemporary, traditional, and transitional vanities. The company also provides small kitchen appliances, cookware, bakeware and cutlery, gadgets, and food products; dinnerware and serveware; fashion bedding, basic bedding and sheets, and mattresses; bath towels and accessorie...

3333 Beverly Road

Hoffman Estates, IL 60179

United States

Founded in 1886

247,000 Employees

Phone:

847-286-2500

Fax:

847-286-7829

Key Executives for Sears, Roebuck and Co.

President of Sears Automotive
Chief Information Officer and Senior Vice President Procurement and Continuous Improvement
Age: 66
Senior Vice President of Supply Chain Management
Age: 73
Senior Vice President of Strategy
Age: 53
Executive Vice President of Retail Store Operations Integration and Planning
Age: 66
Compensation as of Fiscal Year 2014.

Sears, Roebuck and Co. Key Developments

Sears, Roebuck In Talks With New Buyer For Its Downtown Department

Sears, Roebuck and Co. is in talks with a new buyer for its downtown department store in 1955 Broadway. Dones and other officials monitoring the negotiations said they could not disclose the name of the interested buyer. A building sale could spell the end for Sears in Oakland but also opens the opportunity to fill the underutilized building with a collection of shops, restaurants and entertainment spaces. Sears would not discuss the potential sale of its Oakland store. "Sears values its presence in Oakland," spokesman Howard Reifs wrote in a prepared statement. "We remain committed to serving our members and customers in the greater Oakland community."

Canadian 'Sears Hometown' Store Dealers launch $100 Million Class Action Against Sears Canada Inc. and Sears, Roebuck and Co

A 'Sears Hometown' store owner in Woodstock, Ontario launched a class action lawsuit on behalf of approximately 260 Sears Hometown dealers across Canada against Sears Canada Inc. and Sears, Roebuck and Co. The lawsuit alleges that Sears has breached its legal obligations by depriving the dealers of the realistic opportunity to earn a living wage and make a reasonable profit from their Hometown store businesses. At the same time, Sears reaps the benefits of the dealers' hard work and investment and enjoys significant profits from the dealer network. Sears Hometown dealers are independent franchise operators in smaller markets in every province and territory of Canada. For millions of Canadians, they are the face of the colossal Sears brand. The dealer agreement is structured so that Sears sets dealers' compensation and work conditions, without regard to either minimum labour standards or franchise protection laws. Over the past 3 years, Sears Hometown store dealers have seen a continuous erosion of sales and profits. Meanwhile, Sears is making substantial profits from each and every Hometown store. As dealers across Canada exhaust their savings, struggle to stay in business, or close down and face personal financial ruin, Sears has responded by: lowering dealers' commissions, reducing local store advertising, and bypassing dealers' stores altogether by selling directly to customers located within the dealers' contractually protected market areas. This story repeats across the country, with approximately 70% of dealer stores being unsustainable. Dealers typically work 50-60 hour weeks and are liable to landlords, employees, etc. for all costs associated with running their businesses. Dealers have pleaded for meaningful changes, and worked to improve the model, to no avail.

Sears, Roebuck and Co. to Offer General Electric Company's Innovative Brillion(TM)-Enabled Products

Sears, Roebuck and Co. to offer General Electric Company's innovative Brillion(TM)-enabled products that will give consumers easy control over 60% of their home's energy usage for exceptional savings, convenience and peace of mind--and it can all be done remotely through the GE Nucleus(TM) Home Manager's iPhone(R) app. Over 100 Sears stores in the Northeast will offer the GE Get Connected Starter Kit, plus the GE programmable thermostat and GE's GeoSpring(TM) Hybrid Water Heater, all with Brillion(TM) technology, in one location. The Get Connected Starter Kit includes the GE Nucleus Home Manager that gives consumers visibility into their household energy use and the GE Appliance Communication Module that will enable remote control of GE's Brillion-enabled appliances. These devices will allow consumers to receive text or email alerts, enable remote-control capability and track each appliance's energy usage. The GE programmable thermostat with Brillion technology also offers greater convenience and energy control with programmable scheduling functionality from the desktop computer and remote access from an iPhone. The first GE appliance to work with the Get Connected Starter Kit is the GeoSpring Hybrid Water Heater. The GeoSpring hybrid technology saves 62% more energy over a traditional electric water heater which creates an annual savings of about $325.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 20, 2013
Sears, Roebuck and Co., 1.1-Million Square-Foot Shakopee Distribution Center
 

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