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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 about 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. In 2019 it emerged from Chapter 11 bankruptcy protection owned by an affiliate of hedge fund ESL Investments, controlled by former Sears chairman Eddie Lampert.

Bankruptcy

After months, if not years, of speculation, Sear Holdings filed for Chapter 11 bankruptcy in October 2018. It had been a long decline for the retailer, which first had to contend with the lower prices and convenience offered by Walmart, Target, and Home Depot, among other big-box stores, and later with Amazon and other e-commerce sites.

In early 2019 the retailer emerged from bankruptcy with a new owner -- Transform Holdco, an affiliate of hedge fund ESL Investments, which is controlled by former Sears chairman Eddie Lampert. The newly slimmed-down company, for which Transform Holdco paid some $5.2 billion, includes 425 stores (about half Sears, half Kmart) and prominent brands such as Kenmore, DieHard, and Sears Auto Centers.

Geographic Reach

Illinois-based Sears Holdings has some 425 stores, half Sears-branded and half Kmart-branded, across the US.

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.

The company's strategy, however, could be complicated by a lawsuit brought by Sears Holdings (filed by the restructuring team) accusing majority owner Eddie Lampert and others of illegally siphoning billions of dollars of assets from the retailer prior to its bankruptcy filing.

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

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
Montgomery, AL
Moulton, AL
Muscle Shoals, AL
Oneonta, AL
Rainbow City, AL
Selma, AL
Tuscaloosa, AL
Batesville, AR
Cabot, AR
Camden, AR
Clarksville, AR
Fayetteville, AR
Forrest City, AR
Fort Smith, AR
Heber Springs, AR
Hot Springs, AR
Jacksonville, AR
Little Rock, AR
Malvern, AR
North Little Rock, AR
Paragould, AR
Russellville, AR
West Memphis, AR
Wynne, AR
Casa Grande, AZ
Cottonwood, AZ
Flagstaff, AZ
Gilbert, AZ
Glendale, AZ
Kingman, AZ
Lake Havasu City, AZ
Mesa, AZ
Peoria, AZ
Phoenix, AZ
Prescott, AZ
Prescott Valley, AZ
Scottsdale, AZ
Sierra Vista, AZ
Tempe, AZ
Tolleson, AZ
Tucson, AZ
Yuma, AZ
Antioch, CA
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Homer Glen, IL
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Wood River, IL
Bedford, IN
Columbia City, IN
Connersville, IN
Elwood, IN
Evansville, IN
Fort Wayne, IN
Gas City, IN
Greensburg, IN
Greenwood, IN
Griffith, IN
Indianapolis, IN
Jasper, IN
Knox, IN
Kokomo, IN
Lafayette, IN
Marion, IN
Merrillville, IN
Michigan City, IN
Mishawaka, IN
Muncie, IN
Peru, IN
Plymouth, IN
Richmond, IN
Terre Haute, IN
Valparaiso, IN
Warsaw, IN
Atchison, KS
Great Bend, KS
Hutchinson, KS
Kansas City, KS
Lawrence, KS
Maize, KS
Olathe, KS
Overland Park, KS
Pittsburg, KS
Salina, KS
Shawnee Mission, KS
Topeka, KS
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Winfield, KS
Bowling Green, KY
Edgewood, KY
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Glasgow, KY
Grayson, KY
Harlan, KY
Lexington, KY
Louisville, KY
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Monticello, KY
Pikeville, KY
Russell Springs, KY
Somerset, KY
South Williamson, KY
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Harahan, LA
Jennings, LA
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Lake Charles, LA
Mandeville, LA
Many, LA
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Monroe, LA
Opelousas, LA
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Slidell, LA
Acton, MA
Attleboro, MA
Auburn, MA
Billerica, MA
Braintree, MA
Brockton, MA
Burlington, MA
Cambridge, MA
Dedham, MA
East Taunton, MA
East Wareham, MA
Everett, MA
Fall River, MA
Great Barrington, MA
Hanover, MA
Holyoke, MA
Hyannis, MA
Marlborough, MA
North Attleboro, MA
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Palmer, MA
Peabody, MA
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Springfield, MA
Swansea, MA
Tewksbury, MA
Annapolis, MD
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Windsor Mill, MD
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Farmington, ME
Fort Kent, ME
Harpswell, ME
Madawaska, ME
South Portland, ME
Waterville, ME
Alma, MI
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Battle Creek, MI
Charlevoix, MI
Clio, MI
Dearborn, MI
Dowagiac, MI
Flint, MI
Garden City, MI
Grandville, MI
Grayling, MI
Grosse Ile, MI
Harper Woods, MI
Hastings, MI
Holland, MI
Ionia, MI
Jackson, MI
Lake Orion, MI
Lansing, MI
Lapeer, MI
Lincoln Park, MI
Livonia, MI
Marine City, MI
Marquette, MI
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Menominee, MI
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Novi, MI
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Portage, MI
Port Huron, MI
Roseville, MI
Saginaw, MI
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Sturgis, MI
Tawas City, MI
Troy, MI
Van Buren Twp, MI
Warren, MI
Waterford, MI
Westland, MI
White Lake, MI
Woodhaven, MI
Duluth, MN
Hastings, MN
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International Falls, MN
Maplewood, MN
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Minneapolis, MN
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New Ulm, MN
Rochester, MN
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Shakopee, MN
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Kennett, MO
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Rolla, MO
Saint Joseph, MO
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Saint Peters, MO
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Springfield, MO
West Plains, MO
Brookhaven, MS
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Greenwood, MS
Grenada, MS
Gulfport, MS
Hattiesburg, MS
Magee, MS
Meridian, MS
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Oxford, MS
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Southaven, MS
Tupelo, MS
Vicksburg, MS
Billings, MT
Bozeman, MT
Butte, MT
Great Falls, MT
Hamilton, MT
Havre, MT
Helena, MT
Kalispell, MT
Libby, MT
Aberdeen, NC
Asheville, NC
Brevard, NC
Burlington, NC
Charlotte, NC
Clemmons, NC
Concord, NC
Durham, NC
Elizabeth City, NC
Franklin, NC
Goldsboro, NC
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Henderson, NC
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Bismarck, ND
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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
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Beaver Dam, WI
Brookfield, WI
Cudahy, WI
Fond Du Lac, WI
Germantown, WI
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Kenosha, WI
La Crosse, WI
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Barboursville, WV
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Elkins, WV
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Logan, WV
Morgantown, WV
Ronceverte, WV
Saint Albans, WV
Scott Depot, WV
Vienna, WV
Casper, WY
Cheyenne, WY
Gillette, WY
Jackson, WY
Laramie, WY