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'''Sears''' is an American retail store chain. The parent company, Sears Holdings, also owns [[K-mart]].
'''Sears''' is an American retail store chain. The parent company, Sears Holdings, also owns [[K-mart]].
The company was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1886. It began as a mail order catalog company, and began opening retail locations in 1925. Until World War II, it was eclipsed by its Chicago-based rival Montgomery Wards. However, after World War II, Sears expanded into suburban areas while Wards maintained its cash in expectation of a post-war depression. Sears invested in many enclosed [[shopping mall]]s. After surpassing Wards, Sears moved its headquarters to the [[Sears Tower]] in Chicago, and is currently headquartered in [[Hoffman Estates, Illinois]].
The company was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1886. It began as a mail order catalog company, and began opening retail locations in 1925. Until World War II, it was eclipsed by its Chicago-based rival Montgomery Wards. However, after World War II, Sears expanded into suburban areas while Wards maintained its cash in expectation of a post-war depression. Sears invested in many enclosed [[shopping mall]]s. After surpassing Wards, Sears moved its headquarters to the [[Sears Tower]] in Chicago and is currently headquartered in Hoffman Estates, [[Illinois]].
By 2018, the company was performing poorly and had closed hundreds of its stores in the U.S.<ref>[https://www.axios.com/sears-holdings-closures-retail-amazon-kmart-9136d9c0-d066-4aa6-b5ff-45869ccd278a.html Sears set to close 78 stores this year]. ''Axios''. July 2, 2018. Retrieved July 2, 2018.</ref>
==References==
{{reflist}}
== External links ==
== External links ==
* [http://www.sears.com/ Official Sears site]
* [http://www.sears.com/ Official Sears site]