Sears, Roebuck and Company | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-03

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Sears


00:01:20 1 History
00:01:29 1.1 Mail order catalog
00:10:11 1.2 Retail stores and diversification
00:14:33 1.3 Decline and Kmart merger
00:20:52 1.4 Further decline and bankruptcy
00:25:14 2 Subsidiaries
00:25:24 2.1 Current
00:28:38 2.2 Former
00:41:33 2.3 Exclusive brands (current)
00:43:18 2.4 Exclusive brands (former)
00:43:28 2.5 Sponsorships
00:45:07 3 Employee relations
00:46:45 4 Gallery
00:46:54 5 See also



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Voice name: en-US-Wavenet-B


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SUMMARY
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Sears, Roebuck and Company, colloquially known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1893, reincorporated (a formality for a history-making consumer sector initial public offering) by Richard Sears and new partner Julius Rosenwald in 1906. Formerly based at the Sears Tower in Chicago and currently headquartered in Hoffman Estates, Illinois, the operation began as a mail ordering catalog company and began opening retail locations in 1925. The first location was in Evansville, Indiana. In 2005, the company was bought by the management of the American big box chain Kmart, which formed Sears Holdings upon completion of the merger.
Sears had the largest domestic revenue of any retailer in the United States until October 1989, when Walmart surpassed it. In 2018, Sears was the 31st-largest retailer in the United States. After several years of declining sales, its parent company filed for Chapter 11 bankruptcy on October 15, 2018.