Sears Holdings is at the verge of submitting for chapter after 125 years in industry, last a bankruptcy within the corporate’s long-and-storied historical past. Based in 1893 as Sears, Roebuck and Co., it is been a protracted and gradual fall for the dept retailer chain over the previous few a long time.
Sears, which merged with Kmart in 2004, had a mixed 355,000 workers and greater than three,500 shops in 2006. Its group of workers totaled lower than 90,000 throughout fewer than 900 retail outlets at first of 2018. Its inventory, as soon as with regards to $200 a proportion in April 2007, fell underneath $1 a proportion remaining month.
Click on during the timeline to peer how Sears become considered one of The us’s maximum recognizable manufacturers and what forces driven it into decline.