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.

    Aurora Ill. Shooting: Victims Identified

    [NATL] Aurora Ill. Shooting: Victims Identified

    Aurora Police Chief Kristen Ziman released the names of the 5 victims who were gunned down Friday by their coworker at the Henry Pratt company.

    (Published Saturday, Feb. 16, 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.

    ‘Parkland Speaks’: School Shooting Survivors Turn Grief Into Activism

    [NATL] ‘Parkland Speaks’: School Shooting Survivors Turn Grief Into Activism

    Survivors of the mass shooting at Marjory Stoneman Douglas High School have turned to music, poetry, art and activism as they try to cope with the grief of losing 17 students and teachers on Feb 14, 2018.

    (Published Wednesday, Feb. 13, 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.

    Timothy A. Clary/AFP/Getty Images