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About Sears Holdings Corporation

Once a retail giant, Sears Holdings is growing smaller and leaner these days. The company is a retailer of appliances and tools, as well as lawn and garden, fitness, and automotive repair equipment. With some 425 retail stores across the US, Sears Holdings operates through subsidiaries Sears, Roebuck and Co. and Kmart, offering proprietary Sears brands including Kenmore and DieHard. Beyond retail, Sears Holdings is a leading provider of home installation and product repair services. In response to plummeting sales in a tough retail climate, Sears Holdings has been forced to sell assets and close hundreds of stores in recent years. Following the Chapter 11 bankruptcy filing of Sears Holdings, In 2019, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.

Change in Company Type

In 2019, Sears Holding was sold to Transform Holdco LLC, all of the go-forward retail footprint and other assets and component businesses of Sears Holdings Corporation on a going-concern basis for a total consideration of approximately $5.2 billion. The new Sears will comprise 223 Sears and 202 Kmart stores, along with prominent brands and operating businesses, including Kenmore, DieHard, Craftsman, Sears Home Services, Sears Auto Centers and Innovel.

Sales and Marketing

It sells its products and services through Sears-branded and affiliated full-line and specialty retail stores, as well as through Sears.com.

Strategy

Sears Holdings' new parent, Transform Holdco, hopes the leaner organization can capitalize on its long retail history to return to growth. It will remain focused on two key strategies -- Shop Your Way, a social shopping program where members can earn points and receive benefits both in stores and online, and Integrated Retail, the seamless connection of digital and physical shopping experiences to better serve customers.

In mid-2019 Transform Holdco announced that it would acquire Sears Hometown and Outlet Stores, which was spun off from Sears Holdings in 2012, and reunite the business with Sears and Kmart. Sears Holdings is also launching new, much smaller stores focused on home goods, services, and appliances. A handful of these new Home and Life Stores opened during Memorial Day weekend in 2019.

In the same period, Transform Holdco entered into new strategic supply chain partnerships with Li & Fung and Triburg that will provide the company's apparel business unit with innovative global sourcing practices that are expected to result in reduced lead times and greater efficiencies for bringing product to market at Sears and Kmart. These partnerships will support one of Transform's top priorities in effectively managing and improving the operating performance of its apparel business as it continues to offer members and customers the right fashion at the right time at the right price.

Company Background

Sears Holdings was created in 2005 as a result of the $11.9 billion mega-merger of Sears and struggling Kmart masterminded by chairman and CEO Edward Lampert.

Sears Holdings Corporation

3333 Beverly Rd
Hoffman Estates, IL 60179-0001
Phone: 1 (847) 286-2500

Firm Stats

Employer Type: Publicly Owned
SVP, Shop Your Way: Eric D. Jaffe
Chairman and CEO: Edward S. Lampert
CFO: Robert A. Riecker
Employees (This Location): 500
Employees (All Locations): 89,000

Major Office Locations

Hoffman Estates, IL

Other Locations

Anchorage, AK
Fairbanks, AK
Alexander City, AL
Birmingham, AL
Centre, AL
Cullman, AL
Decatur, AL
Demopolis, AL
Eufaula, AL
Fayette, AL
Gadsden, AL
Hoover, AL
Huntsville, AL
Jackson, AL
Monroeville, AL
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Moulton, AL
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Victoria, TX
Waco, TX
Webster, TX
Ogden, UT
Provo, UT
Richfield, UT
Salt Lake City, UT
St George, UT
West Jordan, UT
Alexandria, VA
Annandale, VA
Burke, VA
Charlottesville, VA
Chesapeake, VA
Christiansburg, VA
Colonial Heights, VA
Danville, VA
Dulles, VA
Exmore, VA
Fairfax, VA
Falls Church, VA
Fredericksburg, VA
Hampton, VA
Herndon, VA
Manassas, VA
Newport News, VA
North Chesterfield, VA
Richmond, VA
Roanoke, VA
Springfield, VA
Sterling, VA
Tabb, VA
Virginia Beach, VA
Warrenton, VA
Waynesboro, VA
Williamsburg, VA
Winchester, VA
Woodbridge, VA
Bennington, VT
Morrisville, VT
Rutland, VT
Saint Johnsbury, VT
South Burlington, VT
Aberdeen, WA
Bellingham, WA
Bremerton, WA
Burlington, WA
Everett, WA
Federal Way, WA
Kennewick, WA
Kent, WA
Lacey, WA
Lynnwood, WA
Mukilteo, WA
Omak, WA
Puyallup, WA
Redmond, WA
Seattle, WA
Shoreline, WA
Silverdale, WA
Spokane, WA
Spokane Valley, WA
Tacoma, WA
Tukwila, WA
Union Gap, WA
Vancouver, WA
Wenatchee, WA
Appleton, WI
Ashland, WI
Baraboo, WI
Beaver Dam, WI
Brookfield, WI
Cudahy, WI
Fond Du Lac, WI
Germantown, WI
Green Bay, WI
Janesville, WI
Kenosha, WI
La Crosse, WI
Madison, WI
Mauston, WI
Menomonee Falls, WI
Milwaukee, WI
Minocqua, WI
Neillsville, WI
Oconomowoc, WI
Oshkosh, WI
Platteville, WI
Racine, WI
Ripon, WI
River Falls, WI
Sheboygan, WI
Waupaca, WI
Barboursville, WV
Bridgeport, WV
Charleston, WV
Dunbar, WV
Elkins, WV
Elkview, WV
Logan, WV
Morgantown, WV
Ronceverte, WV
Saint Albans, WV
Scott Depot, WV
Vienna, WV
Casper, WY
Cheyenne, WY
Gillette, WY
Jackson, WY
Laramie, WY