Sears Through the Years: From Watch Seller to Tower Builder - NBC 7 San Diego
National & International News
The day’s top national and international news

Sears Through the Years: From Watch Seller to Tower Builder

The retailer filed for Chapter 11 bankruptcy on Monday, marking the end of an era

    processing...

    NEWSLETTERS

    Sears Files for Chapter 11 Bankruptcy

    Sears filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Susan Carlson reports.

    (Published Monday, Oct. 15, 2018)

    Sears got its start as a watch seller more than 130 years ago and grew to become one of the world's largest retailers. But the company has struggled in recent years and on Monday filed for Chapter 11 bankruptcy.

    A look at the company through the years:

    1886 — Richard Sears starts the R.W. Sears Watch Co. in Minneapolis.

    1888 — The Sears catalog is born, featuring watches and jewelry. By 1894, sewing machines, baby carriages and other items are added.

    Death Toll, Damages Climb From Typhoon Hagibis

    [NATL] Death Toll, Damages Climb From Typhoon Hagibis

    The death toll from Typhoon Hagibis climbed to 53 on Tuesday, days after it tore through Japan and left hundreds of thousands of homes wrecked, flooded or out of power. Hagibis caused more than 200 rivers to overflow when it hit the island nation on Saturday.

    (Published Tuesday, Oct. 15, 2019)

    1893 — The company becomes Sears, Roebuck and Co.

    1906 — Sears becomes a public company.

    1913 — Sears launches the Kenmore brand of sewing machines. Today, refrigerators, washing machines and other appliances are sold under the name.

    1925 — The first Sears brick-and-mortar store opens in Chicago.

    1927 — Sears buys the Craftsman trademark for $500 and begins to sell power tools under the brand about two years later. In 2017, it sold the brand to Stanley Black & Decker Inc. in a $900 million deal.

    1931 — Allstate Insurance Co. is launched, offering auto insurance. Sears sold its stake and Allstate became an independent company in the 1990s.

    Quadruple Murder Suspect Brings Body to Police Station

    [NATL] Quadruple Murder Suspect Brings Body to Police Station

    A Roseville, California, man is in custody after he turned himself in to police in connection to a quadruple homicide.  The body of one of his victims was in the car he drove to the police station in Mount Shasta, more than 200 miles away from the original Roseville crime scene.

    (Published Tuesday, Oct. 15, 2019)

    1973 — The company finishes building its new headquarters, the Sears Tower in Chicago. At the time, it was the world's tallest building at 1,454 feet. Sears sold the landmark in 1994. Its current headquarters are in Hoffman Estates, Illinois.

    1985 — The Discover Card is introduced nationally. Sears spun off a financial company in the 1990s which included the card.

    1993 — Sears stops sending its famous catalog.

    2005 — Kmart buys Sears and the company becomes the Sears Holdings Corp.

    2017 — The company announces plans to cut $1 billion in costs by selling more store locations, cutting more jobs and putting more of its famous brands on the block.

    2018 — Filed Chapter 11 bankruptcy.

    Taco Bell Recalls 2.3 Million Pounds of Ground Beef

    [NATL] Taco Bell Recalls 2.3 Million Pounds of Ground Beef

    Taco Bell has voluntarily recalled 2.3 million pounds of seasoned ground beef that originated at Kenosha Beef International in Columbus, Ohio, because of possible contamination with metal shavings. The USDA says there have been no confirmed reports of any adverse reaction.

    (Published Tuesday, Oct. 15, 2019)