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Thursday, January 30, 2020

The rise and fall of Sears, once the largest and most powerful retailer in the world - msnNOW

Few chains have fallen from grace quite like Sears.

Ten years ago, the department-store chain operated 3,500 stores. By February, Sears' and Kmart's combined stores are expected to fall to just 182 locations.

Things didn't always look so bleak for the retailer. Officially founded in 1893, Sears was once the world's largest retailer, reporting billions of dollars in profits. With a headquarters located in the Sears Tower, once the tallest building in the world, Sears' influence was known worldwide.

However, changes in consumer behavior and the retail landscape has resulted in the demise of one of the United States' most storied department-store chains.

Click through the gallery above for a timeline of the rise and fall of Sears, starting at its humble beginnings in the 1800s.

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January 30, 2020 at 02:00AM
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The rise and fall of Sears, once the largest and most powerful retailer in the world - msnNOW
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