Sears Holdings

This article is about the holding company. For the department store chain, see Sears.
Sears Holdings Corporation
Company type
IndustryRetail
Genre
Predecessors
FoundedMarch 24, 2005; 19 years ago (March 24, 2005)[1]
DefunctJune 2019; 5 years ago (June 2019)
FateChapter 11 bankruptcy and liquidation; assets sold to ESL Investments and moved to its new subsidiary; merged and converted to Transformco
SuccessorTransformco[2]
Headquarters3333 Beverly Road,
Hoffman Estates, Illinois
,
US
Number of locations
766[3] (Q3 2018)
Areas served
  • United States
Key people

Office of the CEO:

  • Leena Munjal (Chief Digital Officer)
  • Greg Ladley (President of Apparel and Footwear)
  • Robert A. Riecker (Chief Financial Officer)
RevenueDecrease US$13.2 billion (FY2019)[4]
Decrease US$−1.43 billion (FY2018)[5]
Decrease US$−1.7 billion (FY2019)[4]
Total assetsDecrease US$6.7 billion (FY2019)[4]
Total equityDecrease US$−1.72 billion (FY2019)[6]
Number of employees
85,000 (2019)[4]
Subsidiaries
WebsiteArchive of website before company dissolved

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.[7] It was the 20th-largest retailing company in the United States in 2015.[8] It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019.[9] The new owner moved Sears assets to its newly formed subsidiary Transformco and after that, Sears Holdings Corporation was closed.

  1. ^ "2015 Form 10-K, Sears Holding Company" (PDF). Sears Holdings.
  2. ^ "ESL Investments Completes Acquisition of Sears Holdings' Assets". www.businesswire.com. February 11, 2019. Retrieved 2019-09-02.
  3. ^ "Document". www.sec.gov.
  4. ^ a b c d "Sears Holdings". Forbes.
  5. ^ "SEARS HOLDINGS CORP (SHLDQ) Income Statement - Yahoo Finance". finance.yahoo.com.
  6. ^ "SEARS HOLDINGS CORP (SHLDQ) Balance Sheet - Yahoo Finance". finance.yahoo.com.
  7. ^ Barbash, Fred; Barbaro, Michael (November 17, 2004). "Sears, Kmart To Merge in $11B Deal". The Washington Post. Retrieved May 23, 2010.
  8. ^ "Top100 Table". nrf.com. National Retail Federation.
  9. ^ Corkery, Michael (14 October 2018). "Sears, the Original Everything Store, Files for Bankruptcy". The New York Times.