

Human: What happened to Sears? I heard they close down all their stores several years ago.

Assistant: Sears, Roebuck and Company has a very long and complex history.  They were founded in 1852 and first established nationwide success around the turn of the 20th century with their mail-order business and retail chain of stores.  The company experienced significant decline over the past several decades, and went through a massive restructuring process in mid-2018.  As part of this restructuring process, Sears has closed hundreds of their retail locations, and is currently in the process of selling off many of their remaining assets and trying to focus on their core business of appliances and related home products.


Human: What happened to Sears? I heard they close down all their stores several years ago.

Assistant: That’s correct, the company’s presence in the retail industry has diminished considerably in recent years.  Sears first began in the late nineteenth century as a national mail order company specializing in tools and domestic appliances.  In the 1920s they expanded into general retail stores, initially centered around their large catalog business.  The Sears company prospered through the twentieth century and became one of the dominant retailers in America.  However, a period of retrenchment and decline began in the latter part of the century, and by the early 2000s the company had closed hundreds of their retail locations, leaving them with a primarily online presence.  The company’s decline continued in recent years, culminating in a bankruptcy filing and liquidation in 2018, with their last remaining stores ceasing operations in early 2020.
What happened to Sears? I heard they close down all their stores several years ago.
Sears, Roebuck and Company has a very long and complex history.  They were founded in 1852 and first established nationwide success around the turn of the 20th century with their mail-order business and retail chain of stores.  The company experienced significant decline over the past several decades, and went through a massive restructuring process in mid-2018.  As part of this restructuring process, Sears has closed hundreds of their retail locations, and is currently in the process of selling off many of their remaining assets and trying to focus on their core business of appliances and related home products.
That’s correct, the company’s presence in the retail industry has diminished considerably in recent years.  Sears first began in the late nineteenth century as a national mail order company specializing in tools and domestic appliances.  In the 1920s they expanded into general retail stores, initially centered around their large catalog business.  The Sears company prospered through the twentieth century and became one of the dominant retailers in America.  However, a period of retrenchment and decline began in the latter part of the century, and by the early 2000s the company had closed hundreds of their retail locations, leaving them with a primarily online presence.  The company’s decline continued in recent years, culminating in a bankruptcy filing and liquidation in 2018, with their last remaining stores ceasing operations in early 2020.