Sears Flyer Holdings Corporation NASDAQ: SHLD [archive] is the third largest distribution group in the United States, behind Wal-Mart and Home Depot.
Sears, Roebuck and Company is an American distribution group founded by Richard Warren Sears and Alvah Roebuck in the late 19th century. From its inception, the company grew and became the largest retailer in the United States by the mid-twentieth century, and its catalogs rose to fame. Competition and the changing demographics of its customers posed a significant challenge for the company after World War II, as its rural and urban bases evaporated and suburban markets became increasingly popular. The popularity of the catalog plummeted. Sears merged with Kmart in early 2005, creating the Sears Holdings Corporation.
The group operates through 3,800 stores under the Sears, Sears Grand, Sears Essentials, Kmart, Big Kmart, Kmart SuperCenter, The Great Indoors, Orchard Supply Hardware, and Lands’ End stores.
The company’s headquarters are in Hoffman Estates, a suburb of Chicago, Illinois, but it maintains Kmart’s headquarters in Troy, Mich.
Sears Flyer Canada
In the 1950s, Sears Flyer partnered with the Canadian store chain Simpsons and operated the stores jointly under the Simpsons-Sears name until 1972 when it would use only Sears. In 1978, Simpsons Limited and Simpsons-Sears had a plan to merge and make Sears, Roebuck its main shareholder. While awaiting approval from the Foreign Investor Review Agency, the Hudson’s Bay Company made a counter-offer and acquired Simpsons Limited. The Simpsons shares in Simpsons-Sears bought by The Bay are finally sold to Sears, Roebuck. In 1984, the company renamed it Sears Canada to reflect its independence.
In 2017, the subsidiary announced the closure of its 130 stores across the country and a liquidation of its products until January 2018.