The Logan Valley Mall is a regional shopping mall that is located in Altoona, Pennsylvania , United States. It is currently anchored by JCPenney and Macy's and features more than 50 stores and services on two levels.
63-466: The Logan Valley Mall opened in November 1965 as an open-air shopping center with Sears , Weis Markets and a few small shops. JCPenney was built in 1966, and the mall was enclosed for a grand opening on June 8, 1967. In May 1976, a four-screen movie theater opened in the mall. In 1979, another expansion was completed by Crown American with the construction of Hess's department store. By the mid-1990's,
126-601: A city councilman and eventually sold his wagon shop in 1875. Both of his parents were of English descent. During his boyhood in Spring Valley, he befriended Almanzo Wilder , the future husband of Laura Ingalls Wilder . In 1880, he started working as a telegraph operator in the town of North Branch, Minnesota , for the Minneapolis and St. Louis Railway , and was later transferred to North Redwood Falls, Minnesota, to be station agent there. In 1886, when Sears
189-412: A "special committee" to explore the sale of Kenmore. On September 24, 2018, the retailer's CEO warned that the company was "running out of time" to salvage its business. Sears Holdings filed for Chapter 11 bankruptcy on October 15, 2018, ahead of a $ 134 million debt payment due that day. On November 23, 2018, Sears Holdings released a list of 505 stores, including 266 Sears stores, that were for sale in
252-781: A coming of age, financially, of the consumer sector. The company traded under the ticker symbol S and was a component of the Dow Jones Industrial Average from 1924 to 1999. In 1906, Sears opened its catalog plant and the Sears Merchandise Building Tower in Chicago's West Side . The building was the anchor of what would become the massive 40-acre (16 ha) Sears, Roebuck and Company Complex of offices, laboratories, and mail-order operations at Homan Avenue and Arthington Street. The complex served as corporate headquarters until 1973 when
315-401: A farm household could desire. Sales continued to proliferate, and the prosperity of the company and their vision for more significant expansion led Sears and Rosenwald to take the company public in 1906, with a stock placement of $ 40 million ($ 1.4 billion today). They had to incorporate a new company to bring the operation public; Sears and Rosenwald established Sears, Roebuck and Company with
378-470: A new concept store called Sears Grand. Sears Grand stores carried everything that a regular Sears carries, and more. Sears Grand stores were about 175,000 to 225,000 square feet (16,300 to 20,900 m ). On November 17, 2004, Kmart Holdings Corporation announced it would acquire Sears, Roebuck, and Co. for $ 11 billion after Kmart completed its recovery from bankruptcy. As a part of the acquisition, Kmart Holding Corporation, along with Sears, Roebuck, and Co.,
441-548: A new mail-order firm, again selling watches and jewelry, with Roebuck as his partner, operating as the A. C. Roebuck watch company. On September 16, 1893, they renamed the company Sears, Roebuck, and Co. and began to diversify the product lines offered in their catalogs. Before the Sears catalog, farmers near small rural towns usually purchased supplies, often at high prices and on credit, from local general stores with narrow selections of goods. Prices were negotiated and relied on
504-466: A publicity role. Sears offered Roebuck's half of the company to Chicago businessman Aaron Nusbaum , who in turn brought in his brother-in-law Julius Rosenwald , to whom Sears owed money. In August 1895, they bought Roebuck's half of the company for $ 75,000 ($ 2.7 million today), and that month the company was reincorporated in Illinois with a capital stock of $ 150,000 ($ 5.5 million today). The transaction
567-462: Is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald , with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago . Through the 1980s, Sears was the largest retailer in the United States. In 2005, the company
630-600: The Commonwealth of Puerto Rico . In 1997, Sears sold 85% of its Mexico affiliate to Grupo Carso . Sears Holdings continued to produce specialty catalogs and reintroduced a smaller version of the Holiday Wish Book in 2007. In 2003, Sears sold its U.S. retail credit card operation to Citibank . The remaining card operations for Sears Canada were sold to JPMorgan Chase in August 2005. In 2003, Sears opened
693-919: The Discover credit card in 1985. However, these actions have been said to have distracted management's attention from the core retail business and allowed competing retailers to gain significant ground, culminating with Walmart surpassing Sears as the largest retailer in the United States in 1990. In the 1990s, the company began divesting itself of many non-retail entities, which were detrimental to its bottom line. Sears spun off its financial services arm, which included brokerage business Dean Witter Reynolds and Discover Card. It sold its mall building subsidiary Homart to General Growth Properties in 1995. Sears later acquired hardware chain Orchard Supply Hardware in 1996 and started home improvement store The Great Indoors in 1997. The cost of distributing
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#1732764822454756-480: The Midwestern United States , and moved his residence to nearby Oak Park, Illinois . In 1887 he also hired watch repairman Alvah Curtis Roebuck to repair any watches being returned. Roebuck was Sears's first employee, and he later became co-founder of Sears, Roebuck & Company , which was formed in 1891 when Sears was 28 years old. In 1895 the company was short of cash and Roebuck had left
819-446: The R. W. Sears Watch Company . He began placing advertisements in farm publications and mailing flyers to potential clients. From the beginning, it was clear that Sears had a talent for writing promotional copy. He took the personal approach in his ads, speaking directly to rural and small-town communities, persuading them to purchase by mail-order . In 1887, Sears moved his company to Chicago, an important transportation center for
882-689: The Sears Archer 600 typewriter as a rebranded Silverette model, manufactured by Silver Seiko Ltd. of Japan. The success of Sears outdoor products raised the attention of the Federal Government and the antitrust laws. Sears purchased David Bradley to manufacture farm and lawn equipment. Its success was broken up in 1962 as they sold more plows than John Deere. Sears sold half of the David Bradley factory in Bradley, Illinois to
945-495: The Sears Tower was completed and served as the base of the mail-order catalog business until 1995. By 1907, under Rosenwald's leadership as vice president and treasurer, annual sales of the company climbed to roughly $ 50 million ($ 1.6 billion today). Sears resigned from the presidency in 1908 due to declining health, with Rosenwald named president and chairman of the board and taking on full control. In 1910, Sears acquired
1008-533: The 1920s to the 1950s, Sears built many urban department stores in the U.S., Canada, and Mexico (apart from, but not far from, existing central business districts ), and they overshadowed the mail-order business. Following World War II, the company expanded into suburban markets and malls. In 1959, it had formed the Homart Development Company for developing malls. Many of the company's stores have undergone major renovations or replacements since
1071-460: The 1980s. Sears began to diversify in the 1930s, creating Allstate Insurance Company in 1931 and placing Allstate representatives in its stores in 1934 (Allstate was also used as a house brand on a range of motorized vehicles sold by Sears). Over the decades, it established major national brands, such as Kenmore , Craftsman , DieHard , Silvertone , Supertone , and Toughskins — and marketed widely under its private labels , e.g., marketing
1134-764: The David Bradley Plow company. This acquisition would lead to the manufacturing of riding mowers, chainsaws, tillers, etc., in the Bradley Illinois factory. The company was badly hurt during 1919–21 as a severe depression hit the nation's farms after farmers had over-expanded their holdings. To bail out the company, Rosenwald pledged $ 21 million ($ 358.7 million today) of his personal wealth in 1921. By 1922, Sears regained financial stability. Rosenwald decided to shift emphasis to urban America and brought in Robert E. Wood to take charge. Rosenwald oversaw
1197-714: The Newark Ohio Company that was shortly acquired by Roper Industries. Sears reached its pinnacle in the 1970s. In 1974, Sears completed the 110-story Sears Tower in Chicago, which became the world's tallest building , a title it took from the former Twin Towers in New York. Upon moving out of Chicago, Sears sold the Sears Tower in 1988. In the sale contract of the tower, Sears retained its naming rights to
1260-733: The Prairie Stone campus. The Sears catalog became known in the industry as "the Consumers' Bible". The company began selling to foreign customers after the American occupation of Greenland in World War II and the Philippines, among others, when locals ordered from catalogs left by soldiers. Novelists and story writers often portrayed the importance of the catalog in the emotional lives of rural folk. The catalog also entered
1323-440: The R.W. Sears Watch Company. That year, he met Alvah Curtis Roebuck , a watch repairman. In 1887, Sears and Roebuck relocated the business to Chicago, and the company published Richard Sears's first mail-order catalog, offering watches, diamonds, and jewelry. In 1889, Sears sold his business for $ 100,000 ($ 3 million in 2021 dollars) and relocated to Iowa, planning to be a rural banker. He returned to Chicago in 1892 and established
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#17327648224541386-584: The Sears Essentials format, only to change them later to Sears Grands. The combined company's profits peaked at $ 1.5 billion in 2006. By 2010, the company was no longer profitable; from 2011 to 2016, the company lost $ 10.4 billion. In 2014, its total debt ($ 4.2 billion at the end of January 2017) exceeded its market capitalization ($ 974.1 million as of March 21, 2017). Sears declined from more than 3,500 physical stores to 695 U.S. stores from 2010 to 2017. Sales at Sears stores dropped 10.3 percent in
1449-519: The bankruptcy process, while all others would hold liquidation sales. On January 16, 2019, Sears Holdings announced it would remain open after Lampert won a bankruptcy auction for the company with an offer to keep about 400 stores open. On February 7, 2019, a bankruptcy judge approved a $ 5.2 billion plan by Sears's chairman and biggest shareholder to keep the business going. The approval meant roughly 425 stores, including 223 Sears stores, and 45,000 jobs would be preserved. In April 2019, Sears announced
1512-400: The brand's huge popularity helped attract customers. Sears retail stores were pioneering and broke the conventions of the time in three ways: Many stores at this time were designed by architect George C. Nimmons and his firms. The architecture was driven by merchandising needs rather than the desired outer appearance. This made the stores excellent examples of the modern architecture of
1575-483: The building until 2003, but the Sears Tower retained the name until early 2009, when London-based insurer Willis Group Holdings, Ltd. was given the building's naming rights to encourage them to occupy the building. Sears moved to the new Prairie Stone Business Park in Hoffman Estates, Illinois, between 1993 and 1995. The Sears Centre is a 10,001-seat multi-purpose arena located in Hoffman Estates adjacent to
1638-571: The business. Sears sold one half of the company for $ 75,000.00 to Aaron Nusbaum and his brother-in-law, Julius Rosenwald . The company was incorporated in Illinois as Sears Roebuck & Co. of Illinois on September 7, 1895. Richard Sears retired in 1908 at age 44 and Julius Rosenwald became the President. The first Sears catalog was published in 1893 and offered only watches. By 1897, items such as men's and ladies clothing, plows, silverware, bicycles and athletic equipment had been added to
1701-666: The company announced that Transform Holdco would acquire Sears Hometown & Outlet Stores . As per deal, it might need to divest its Sears Outlet division to gain approval. On August 6, 2019, it was announced that 26 stores would close that October, including 21 Sears stores, among them the last Sears stores in Alabama and West Virginia , at Riverchase Galleria in Hoover and at Huntington Mall in Barboursville , respectively. The announcement also included plans to "accelerate
1764-417: The company was looking to focus on becoming a more tech-driven retailer. Sears's CEO and top shareholder said the sell-off of key assets in the last year had given the retailer the money it needs to speed up its transformation. Sears Holdings had lost a total of US$ 7 billion in the four years to 2015. In part, the retailer was trying to curb losses by using a loyalty program called Shop Your Way. Sears believed
1827-507: The current Ford line ]). By 1895, the company was producing a 532-page catalog. Sales were over $ 400,000 ($ 12 million in 2021 dollars) in 1893 and over $ 750,000 ($ 20 million in 2021 dollars) two years later. By 1896, dolls, stoves, and groceries were added to the catalog. Despite the strong and growing sales, the national Panic of 1893 led to a full-scale economic depression , causing a cash squeeze and large quantities of unsold merchandise by 1895. Roebuck decided to quit, returning later in
1890-520: The design and construction of the firm's first department store, built on land within the Sears, Roebuck, and Company Complex. The store opened in 1925. In 1924, Rosenwald resigned the presidency but remained as chair until he died in 1932; his goal was to devote more time to philanthropy. The first store opened on February 2, 1925, as an experiment in the North Lawndale Sears, Roebuck and Company Complex . Despite its remote location on
1953-733: The expansion of our smaller store formats which includes opening additional Home & Life stores and adding several hundred Sears Hometown stores after the Sears Hometown and Outlet transaction closes." On August 31, 2019, management announced that Transform would close an additional 92 stores, including 15 Sears stores, by the end of 2019. Near the end of 2019, Sears sold the brand name DieHard to Advance Auto Parts for $ 200 million. A total of 100 more stores closed by January 2020. 51 Sears stores were closed in February 2020. More stores continued to close throughout 2020 and 2021, including
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2016-588: The family fortune in a speculative stock deal. Sears moved across the state to work as a railroad station agent in North Redwood , then Minneapolis . While he was in North Redwood, a jeweler refused delivery on a shipment of watches. Sears purchased them and sold them at a low price to the station agents, making a profit. He started a mail-order watch business in Minneapolis in 1886, calling it
2079-690: The final Sears in Maine at The Maine Mall. In September 2021, the company's website listed 35 Sears stores. That month, Sears announced that it would close more stores, including the last Sears store in New York City. The New York City Sears closed by November 24, 2021, with the potential to be redeveloped. Transformco announced in December 2021 its plans to sell the 2.3 million-square-foot Sears headquarters in Hoffman Estates, which includes 100 acres of undeveloped land. On January 19, 2022, Sears shut
2142-530: The final quarter of 2016 when compared to the same period in 2015. Sears spent much of 2014 and 2015 selling off portions of its balance sheet; namely, Lands' End and its stake in Sears Canada , one of the biggest e-commerce players in Canada, with Can$ 505 million in sales in 2015—more than Walmart and others who had begun pushing aggressively into online sales, such as Canadian Tire . Sears stated that
2205-1050: The first of its Christmas catalogs known as the " Sears Wishbook ", a catalog featuring toys and gifts, separate from the annual Christmas Catalog. From 1908 to 1940, it included ready-to-assemble Sears Catalog Home kit houses. Sears opened a small store in Downtown Havana , Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico , now owned by billionaire Carlos Slim 's Grupo Sanborns , which in 2020 operated more than 75 stores across Mexico. Sears had sales of US$ 78 million in other territories in 1953. Over time, Sears expanded into all Central American countries, Cuba, Puerto Rico, Colombia, Venezuela, Ecuador, Peru, Brazil, and Spain. Currently Sears operates in Mexico, Guatemala, El Salvador, and Puerto Rico. From
2268-514: The guise of alleviating the cost to ship the items back. The unsuspecting retailer would then agree to take this new-found bargain off the wholesaler's hands, mark up the items and sell them to the public, making a small profit in the transaction. But Stegerson, a retailer savvy to the scam, flatly refused the watches. Young Sears jumped at the opportunity, and made an agreement with the wholesaler to keep any profit he reaped above $ 12, and then he set about offering his wares to other station agents along
2331-439: The language, particularly of rural dwellers, as a euphemism for toilet paper, as its pages could be torn out and used as such. In addition, for many rural African-Americans, especially in areas dominated by Jim Crow racial segregation , the Sears catalog was a vital retail alternative to local white-population-dominated stores, bypassing the stores' frequent intention to deny them fair access to their merchandise. However, as
2394-419: The legal name Sears, Roebuck and Co. , in the state of New York, which effectively replaced the original company. The current company inherits the history of the old company, celebrating the original 1892 incorporation, rather than the 1906 revision, as the start of the company. Sears's successful 1906 initial public offering (IPO) marks the first major retail IPO in American financial history and represented
2457-462: The liquidation of the 115 largely owner-operated Hometown stores. As of November 2024, there are nine Sears stores remaining, with eight in the mainland U.S. and one location in the U.S. territory of Puerto Rico. Richard Warren Sears was born in 1863 in Stewartville, Minnesota , to a wealthy family which moved to nearby Spring Valley . In 1879, his father died shortly after losing
2520-420: The mall had offered more than one hundred stores and services. During the early morning hours of December 16, 1994, a fire of unknown origin broke out in the G.C. Murphy store and quickly spread through most of the original section of the mall, which did not have fire sprinklers. Fifteen stores and nine kiosks were destroyed and dozens more were damaged. A three-phase plan was immediately laid out to reconstruct
2583-607: The mall in 2003 as part of its acquisition of the malls owned by Crown American . The May Department Stores Company , which owned Kaufmann's, was sold to Federated Department Stores in 2005. Federated proceeded to convert various May properties to Macy's, including the Logan Valley Mall store. In 2017, the Carmike Cinema was re-branded AMC Classic following AMC's acquisition of the Carmike chain. Also in 2017,
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2646-632: The mall was sold to Mason Asset Management and Namdar Realty Group . On December 28, 2018, it was announced that the mall's Sears store would be closing as part of a plan to close eighty stores nationwide. The store closed on March 3, 2019. On July 7, 2021, it was announced that the AMC CLASSIC Logan Valley 8 had closed permanently, which was attributed to the COVID-19 pandemic . Sears Sears, Roebuck and Co. , commonly known as Sears ( / s ɪər z / SEERZ ),
2709-419: The mall. The first phase, beginning in 1995, started with a new store, Kaufmann's , which was added to the far end of the mall to replace the then-vacant Hess's. The already-built, undamaged, two-story portion of the mall was renovated to include changeovers, such as the re-branding of Wall To Wall Sound & Video to The Wall and temporary relocation of restaurants such as Wong's Wok. Another phase one project
2772-572: The membership scheme would enhance repeat business and customer loyalty in the long term. CEO Eddie Lampert also concluded an arrangement that sold the Craftsman brand to Stanley Black & Decker Inc. for approximately US$ 900 million. In October 2017, Sears and appliance manufacturer Whirlpool Corporation ended their 101-year-old association, reportedly due to pricing issues, although Whirlpool continued supplying Sears with Kenmore -branded appliances. In May 2018, Sears announced it had formed
2835-404: The nation urbanized, Sears's catalog business faced competition from city department stores. Rural America's population was slow-growing and possessed far less spending power than urban America. In the 1980s, the company began to diversify into non-retail entities such as buying Dean Witter and Coldwell Banker in 1981. In 1984, it launched Prodigy as a joint venture with IBM , and introduced
2898-739: The offering. The 500-page catalog was sent to some 300,000 homes. Sears catered to the rural customer because, having been raised on a farm, he knew what the rural customer needed. He also had experience working with the railroad and he knew how to ship merchandise to remote areas. In 1908 Sears made another move forward and began to sell mail order homes through the catalogs. In 1908 Sears retired and moved from Oak Park to Lake Bluff, Illinois , suffering from failing health due to alcoholism. Six years later, he died in Waukesha, Wisconsin , of Bright's disease . Sears's birthplace in Stewartville
2961-515: The once highly influential general merchandise catalog became prohibitive; sales and profits had declined. The company discontinued the catalog in 1993. It dismissed 50,000 workers who had filled the orders. In 1992, the company posted a $ 3.9 billion loss, the largest ever from an American retailer. In 1992, California successfully sued the company for falsely finding things wrong with automobiles in for repair for other reasons. In 1997, criminal charges were made. In 1998, Sears announced it had sold
3024-519: The opening of three new stores with a limited set of merchandise under the name Sears Home & Life. Also that month, Sears closed its store at Windward Mall in Kaneohe, Hawaii , and its store at Oakbrook Center in Oak Brook, Illinois (which was razed and already rebuilt as a 1-story store), making it the first post-bankruptcy closure for the brand since being bought by ESL. On June 3, 2019,
3087-513: The outskirts of Chicago, its success led to dozens of further openings across the country, many in conjunction with the company's mail-order offices, typically in lower-middle-class and working-class neighborhoods, far from the main downtown shopping district. This was considered highly unconventional at a time when shopping was concentrated in city centers, but through World War II , there was an extensive streetcar network in Chicago and other U.S. cities. However, rapidly increasing car ownership and
3150-484: The railroad line for $ 14. The watches were considered an item of urban sophistication. Also because of the growth of railways, and the recent application of time zones , farmers and railroads needed to keep time accurately which had not been necessary until then. For those two reasons the station agents had no trouble selling the watches to passers-by. Within six months, Sears had netted $ 5,000 and felt so confident in this venture that he moved to Minneapolis and founded
3213-625: The remaining 15 Sears Auto Centers in the United States with a message on the Sears Auto Center website stating: "Auto Centers have closed for business. We appreciate your patronage over the years. If you have any questions concerning warranty claims, please visit us at Sears Help." In May 2022, it was announced that roughly 100 more Sears Hometown stores, including the last four in Michigan, would close permanently. On December 13, 2022, Sears Hometown filed for Chapter 11 bankruptcy. It
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#17327648224543276-648: The remnants of Western Auto (which it had acquired in 1998) to Roanoke -based Advance Auto Parts . The business deal was not what experts in the after-market automotive industry expected: Sears, Roebuck became "one of the largest shareholders" after obtaining a 40% stake in Advance Auto Parts and merging their two store networks, which included Western Auto's wholesale and retail operations. The existing store network of Advance Auto Parts, comprising 915 stores in 17 U.S. states, merged with 590 U.S.-based Parts America Stores in addition to 40 Western Auto stores in
3339-422: The storekeeper's estimate of a customer's creditworthiness. Sears built an opposite business model by offering in their catalogs a larger selection of products at published prices. By 1894, the Sears catalog had grown to 322 pages, including many new items, such as sewing machines, bicycles, sporting goods and automobiles (later produced, from 1905 to 1915, by Lincoln Motor Car Works of Chicago [no relation to
3402-493: The time—styles made famous by Bertram Goodhue and Eliel Saarinen . Its stores were oriented to motorists. Set apart from existing business districts amid residential areas occupied by their target audience, they had ample, free, off-street parking and communicated a clear corporate identity. In the 1930s, the company designed fully air-conditioned, "windowless" stores, such as Sears-Pico in 1939 in Los Angeles , which
3465-418: Was 23, his station received a shipment of gold watches from a Chicago manufacturer, but the local consignee , jeweller Edward Stegerson, refused the unsolicited shipment. A common scam existing at the time involved wholesalers who would ship their products to retailers who had not ordered them. Upon refusal, the wholesaler would offer the already price-hiked items to the retailer at a lower consignment cost in
3528-564: Was an American company manager, retail businessman and the co-founder of department store Sears, Roebuck and Company with his partner Alvah Curtis Roebuck . Sears was born in Stewartville, Minnesota . His father was James Warren Sears, born circa 1828 in New York, a blacksmith and wagon-maker; his mother was Eliza Burton, born in Ohio circa 1843. The family was living in Spring Valley, Minnesota , by June 1870, where his father served as
3591-482: Was based in the Sears Tower in Chicago from 1973 until 1995, and was later headquartered in Hoffman Estates, Illinois from 1993 until 2021, the year when it announced that it would be selling its Hoffman Estates headquarters complex. On December 12, 2022, Sears Authorized Hometown Stores, LLC, and affiliated debtor Sears Hometown, Inc., filed for Chapter 11 bankruptcy protection, and on December 26 announced
3654-518: Was bought by the management of the American big box discount chain Kmart , which upon completion of the merger, formed Sears Holdings . In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears
3717-518: Was handled by Albert Henry Loeb of Chicago law firm Loeb & Adler (now Arnstein & Lehr ); copies of the transaction are still displayed on the firm's walls. Sears and Rosenwald got along well with each other, but not with Nusbaum; they bought his interest in the firm for $ 1.3 million in 1903 ($ 44.1 million today). Rosenwald brought to the mail-order firm a rational management philosophy and diversified product lines: dry goods, consumer durables, drugs, hardware, furniture, and nearly anything else
3780-685: Was later revealed that all remaining Sears Hometown stores would be liquidated and permanently closed. As of September 2024, there are nine Sears stores remaining, with eight in the mainland U.S. and one location in the U.S. territory of Puerto Rico. The company's U.S. website, Sears.com, remains active for online purchases. On November 21, 2024, the Seattle Times reported that the Sears store in Tukwila, Washington, will close on December 15, 2024. Richard Warren Sears Richard Warren Sears (December 7, 1863 – September 28, 1914)
3843-483: Was the construction of a new, two-story section to replace the portion damaged by the fire. This was completed in May 1996. Phase two consisted of opening a new three-story parking garage and a new eight-screen Carmike Cinema . Phase three was completed in 1997 and included the opening of a new larger JCPenney store closer to Sears and a new food court on the renovated second floor of the old Penney's store. PREIT acquired
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#17327648224543906-428: Was the first to have an open plan selling floor (instead of breaking up the floor into discrete sections). Sears was also a pioneer in creating department stores that catered to men and women. The stores included hardware and building materials. It de-emphasized the latest clothing fashions in favor of practical and durable clothing and allowed customers to select goods without the aid of a clerk. In 1933, Sears issued
3969-579: Was transformed into the new Sears Holdings Corporation . The new company started trading on the NASDAQ stock exchange as SHLD; Sears sold its single-letter ticker symbol 'S' in the New York Stock Exchange that it had held since 1910 to Sprint Corporation . The new corporation announced that it would continue to operate stores under both the Sears and Kmart brands. In 2005, the company began renovating some Kmart stores and converting them to
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