Edward Lampert

History of Sears In 1886 , Richard Sears, an agent of the Minneapolis and St. Louis railway station in North Redwood, Minnesota, started a watch company named R.W. Sears Watch Company. After Richard Sears received an unexpected shipment of watches from a jeweler, he in turn sold the watches for a higher price and received a significant return. R.W. Sears Watch Company was originally located in Minneapolis, Minnesota but later expanded to Chicago in 1887. (http://www.searsarchives.com/history/)…

Main Point 3 Sears in the Organizational Life-Cycle Sears was originally founded in 1893. By the mid to late 1900’s, it had already grown into a retail powerhouse. Sears was often referred to as the Amazon.com or Walmart of U.S. Merchandising at its peak. During its growth phase, Sears helped create the modern day shopping malls in the 1950’s by helping developers build retail centers that would grow in popularity all across the country. In doing all of this Sears lost even more of their…