Sears Holdings Corporation

In 1886, Richard Sears was working as a train station agent in North Redwood, Minnesota. During his free time, he would sell odds and ends to locals in order to make extra cash. One day, he stumbled upon a jeweler who had received an incorrect shipment of watches and offered to buy them off him. Richard sold them, made profit, and ordered a new batch for resale. This is when Richard created Sears which at the time was called R.W. Sears Watch Company. R.W. Sears Watch Company began as a mail order retailer for jewelry and watches. Richard was the president and Alvah Roebuck, an expert in creating watches, was the vice president. The company did relatively well in its beginning years, but the partners had bigger plans to conquer the American…

Under the Sears Holding Company, Kmart’s first strategy is to create enduring connections with its customers by enabling them to control their lives. The second strategy is to be the best in output with minimum time and effort. Kmart’s third strategy is to build its distinctiveness in the market through its brand. The fourth strategy is to constantly recreate itself through technology and introducing new ways of doing business. The fifth and last strategy is to bolster the Sears Holding…

program from the mission to the merchandise of the store. Employees at the management level are trained to look for ways to help veteran, homeless and low income. Conversation held with their staff show they have found ways to impart their vision and mission to their employee. Becoming a force in a major issue in our society would help establish a better name Sears has not had much opportunity to really give much to the community because they have been in the red in profit earning for a…

Structure Recommendations Sears has an internal issue that is forcing experience and talent to seek employment with other organizations. Their current leadership including the CEO is under investigation on whether Sears and/or its officers and directors violated state or federal securities laws. This was due to the $400 million loan from ESL Investments, which is owned by CEO Edward Lampert (Kahn, 2015). The CEO is also an area of concern. Sears has a multitude of assets, since he has taken…

In my opinion I choose Eddie Lampert, Chairman and CEO of Sears Holdings is the worst CEO in the recent history Eddie Lampert is one of those CEO about whom none of us even bother to talk about anymore. For three consecutive years he has been on the worst CEO list. He is the man who engineered the disastrous merger between Sears and Kmart that continues to unravel two formerly great American brands. The company is still shrinking, accumalating record losses and disappointing investors. There…

Sears Holdings “textbook” mission statement highlights their lack of positioning and generic approach to marketing their business. The mission statement reads, "We are committed to improving the lives of our customers by providing quality services, products and solutions that earn their trust and build lifetime relationships." Even with many locations closing, Sears Holdings still has an expanse of physical locations, including both Sears stores and Kmart stores. Both divisions of Sears…

Why Sears Canada Failed? Sears was once considered as Canada’s largest growing and most successful departmental store.But now it’s on peak of closing its stores.Nearly 16000 people are worried as they are going to lose their jobs. The worse decline of Sears is going to be a great example in a history how even a successful business or great companies lose their importance.Millennials might have thought it would remain number 1 forever and no other competitor will compete it ever, but , the…

Sears Holding’s stock continued to decline from 2010 to 2015, during the time when the economy was rebounding from 2007/2008 market crash. Its share price declined from $68.21 on 9th Aug 2010 to $21.55 on 31th July 2015 while all of its industry peers have experienced significant growth. Following chart depicts the stock performance against its industry peers. Of the peers compared Macy’s gained almost 255% and Costco gained 145%. Wal-Mart also gained 38% growth. Sears on the other had is the…

Sears has been known for over 100 years ever since Richard Sears started selling watches at his station in Minnesota. Sears is an iconic brand who over the years develop royal customers with some of their major brands like Craftsman and Kenmore. Sears has made good investments and some investments that have not paid off so well. In 2004 Sears made one of the best deals that it could have made by purchasing Kmart after it went bankrupt. When the merger took place, Lambert rebranded Sears as Sears…

Sears Roebuck and Co. commonly known as Sears is a multinational departmental store. Sears serves almost all of North America with 1320 stores distributed in America and Canada. Founded in 1886 as a watch company, Sears continued to grow and expand all over North America providing customers diverse merchandise including apparel and home services. (Searsarchives.com, 2014) Sears gradually became the most preferred brand in US, it underwent massive expansion and enjoyed high profits which peaked…