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Kmart, 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 and one each in Kendale Lakes, Florida ; Bridgehampton, Long Island; and Tamuning, Guam.
Sears, Roebuck and Co., 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. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores.
Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and co-branded Simpsons-Sears stores modelled after those of Sears in the U.S. After the Hudson's Bay Company purchased Simpsons in 1978, the joint venture was dismantled and Hudson's Bay sold its shares in the joint venture to Sears; with Sears now fully owning the company, it was renamed Sears Canada Inc. in 1984. In 1999, Sears Canada acquired the remaining assets and locations of the historic Canadian chain Eaton's. From 2014, Sears Holdings owned a 10% share in the company. ESL Investments was the largest shareholder of Sears Canada.
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Waldenbooks was an American shopping mall-based bookstore chain operated by the Walden Book Company, Inc., and from 1995 was a subsidiary of Borders Group. The chain also ran a video game and software chain under the name Waldensoftware, as well as a children's educational toy chain under Walden Kids. In 2011, the chain was liquidated in bankruptcy.
William David "Bill" Perez is an American businessman who was the chief executive officer of Wm. Wrigley Jr. Company. He had earlier served in a similar capacity at Nike, Inc. Prior to that, Perez had risen to become the chief executive officer at S. C. Johnson & Son.
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Footstar, Inc., was a shoe retailer that was headquartered in Mahwah, New Jersey. The company was traded under the symbol “FTAR” on the Pink Sheets. In April 2012, Footstar was merged into Xstelos Holdings, Inc.
Alan J. Lacy was the last chairman and CEO of Sears, Roebuck and Company, which was acquired by Kmart in 2005, at which point he became Vice Chairman of that organization.
Edward "Ed" Liddy is an American businessman who was chairman of the Allstate Corporation from 1999 to 2008.
Thom McAn is an American brand of shoes and was formerly a retail chain. Its shoes have been sold in Kmart and Sears stores. It consists of leather-dress, casual, and athletic shoes. Until the 1990s, Thom McAn had hundreds of retail stores in the US, and was one of the oldest and best-known shoe retailers in the country. As of late 2008, the brand was controlled by Sears Brands, LLC.
Steven S. Reinemund is an American businessman who was chairman and chief executive officer of PepsiCo between 2001 and 2006 and dean of the Schools of Business at Wake Forest University between 2008 and 2014. Reinemund spent 22 years working for PepsiCo in various capacities. During his CEO tenure at PepsiCo, revenues grew by $9 billion, net income rose 70%, earnings per share were up 80% and PepsiCo's market cap exceeded $100 billion. He led the acquisitions of several other food and beverage companies including Quaker Oats, Naked Juice, Izze and Stacy's Chips.
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. It was the 20th-largest retailing company in the United States in 2015. It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019. The new owner moved Sears assets to its newly formed subsidiary Transformco and after that, Sears Holdings Corporation was closed.
Anthony DiPaolo is an American businessman and the president and chief executive officer (CEO) of Work 'N Gear, a workwear and healthcare fashion retailer.
Robert A. Schriesheim is an American business executive. According to a published interview with FTI Consulting in November 2021 he has served as a board director of 11 public companies, including as board chairman, and as a CFO of 4 public companies with revenues from approximately $1 billion to over $40 billion. He is chairman of Truax Partners LLC and has partnered with institutional investors leading large enterprises through complex transformations serving in various executive leadership and board roles. According to a 2016 Wall Street Journal article, he has a "history of working in partnership with private equity firms, hedge funds and institutional investors in special situation circumstances". According to Barron's and CFO magazine, Schriesheim has "spent most of his career at the high end of the strategy spectrum, embroiled in complex restructurings" focused on capital allocation. He is also an adjunct professor at The University of Chicago Booth School of Business where he teaches a course titled "Corporate Governance and Activism: The Role of Boards in Critical Decisions".
Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, & tools. The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. Sears Hometown and Outlet Stores was based in Hoffman Estates, Illinois. Sears Hometown and Outlet Stores was founded in April 2012. The company was a spun off from Sears Holdings in 2012. By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores. As per the deal, Sears Hometown needed to divest its Sears Outlet division to gain approval. The company ceased to exist on October 23, 2019, when Franchise Group acquired the Sears Outlet division and Transform Holdco acquired the rest of the company.
Michael R. Odell was the chief executive officer at Pep Boys from September 22, 2008, until September 26, 2014, and its president from 2008 until 2014. He was an interim chief executive officer at Pep Boys from April 23, 2008, to September 2008 and its executive vice president and chief operating officer from September 17, 2007, to April 2008.
Transform SR Brands LLC is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.
American Freight Appliances & Furniture, or American Freight, is an American retail furniture chain.
Sears Roebuck de Puerto Rico, Inc., or just Sears de Puerto Rico, was founded in 1961, as a subsidiary to the main Sears Roebuck and Company. It would serve to operate Sears stores in Puerto Rico, and the Virgin Islands. The company's line of business includes the retail sale of general lines of apparel such as suits, coats, dresses, and home furnishings. Sears Roebuck and Company established itself in Puerto Rico in 1937, opening a catalogue store that year. At its peak, Sears had 10+ locations on the island. As of October 2023, one Sears store remains open on the island at the Plaza Las Américas shopping mall.
References
- ↑ http://www.stltoday.com/news/state-and-regional/illinois/article_e60310cd-3002-553b-a4ea-0e6ab8800a2c.html [ dead link ]
- ↑ "W. Bruce Johnson Profile - Forbes.com". Archived from the original on December 7, 2008. Retrieved February 24, 2011.
- ↑ "Sears says to proceed with plan to spin off some stores". Reuters . Archived from the original on 2016-03-06.
- ↑ "Press Releases | Transformco".
- ↑ "Sears Holdings Names W. Bruce Johnson Interim CEO - SmartBrief". www.smartbrief.com. Archived from the original on 2011-07-16.
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