SEARS HOLDINGS CORPORATION

SEARS HOLDINGS CORPORATION

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Company Overview
Sears Holdings Corporation, with registered office address in Hoffman Estates, is an American-based publicly traded company engaged in the operation of variety of retail stores in the US. The company is the parent company of Kmart and Sears, Roebuck and Co. It has established itself as the fourth largest broad line retailer in US averaging annual revenue of more than 50 billion US dollars and approximately 3,800 retail stores all over United States and Canada.
Sears Holdings is the leading home appliance retailer in North America. It products services includes tools, lawn and garden, home electronics, and automotive repair and maintenance. The company trades under the brands: Kenmore, Craftsman and DieHard, and broad apparels, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. The company also offers Martha Stewart Everyday products, which are available exclusively in the U.S. at Kmart and in Canada by Sears Canada.
Sears Holdings is committed to improving the lives of its customers by providing quality services, products and solutions that earn their trust and build lifetime relationships. In its group of associates, the company value teamwork, integrity and positive energy.
Business Summary
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company is broadline retailer with 2,235 full-line and 1,284 specialty retail stores in the United States operating through Kmart and Sears, and 402 full-line and specialty retail stores in Canada operating through Sears Canada Inc. (Sears Canada), a 73%-owned subsidiary. During the fiscal year ended January 1, 2009 (fiscal 2009), it operated three reportable segments: Kmart, Sears Domestic and Sears Canada.
Description and history
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company is broadline retailer with 2,235 full-line and 1,284 specialty retail stores in the United States operating through Kmart and Sears, and 402 full-line and specialty retail stores in Canada operating through Sears Canada Inc. (Sears Canada), a 73%-owned subsidiary. During the fiscal year ended January 1, 2009 (fiscal 2009), it operated three reportable segments: Kmart, Sears Domestic and Sears Canada.

Kmart

As of January 30, 2010, Holdings operated a total of 1,327 Kmart stores across 49 states, Guam, Puerto Rico, and the United States Virgin Islands. This store count consists of 1,292 discount stores, averaging 93,000 square feet, and 35 Super Centers, averaging 168,000 square feet. Most Kmart stores are one-floor, free-standing units that carry a assortment of general merchandise, including products sold under labels, such as Jaclyn Smith and Joe Boxer, and certain Sears brand products (such as Kenmore, Craftsman, and DieHard brand products) and services. As of January 30, 2010, 274 Kmart stores were selling an assortment of home appliances, including Kenmore-branded products. In January 2009, Kmart began operating its own footwear business, which had previously been operated by a third party. There are 1,021 Kmart stores that also operate in-store pharmacies. The Super Centers generally operate 24 hours a day and combine a full-service grocery along with the general merchandise selection of a discount store. There are also 20 Sears Auto Centers operating in Kmart stores. Sears Auto Centers offer a variety of professional automotive repair and maintenance services, as well as an assortment of automotive accessories. Kmart also sells its products through its kmart.com Website.

Sears Domestic

As of January 30, 2010, Sears Domestic operations consisted of full-line stores, specialty stores, Lands’ End, Inc. (Lands’ End), commercial sales and home services. Full-line stores consisted of 908 broadline stores, of which 848 are full-line stores located across all 50 states and Puerto Rico, and which are primarily mall-based locations averaging 133,000 square feet. Full-line stores offer an array of products across many merchandise categories, including home appliances, consumer electronics, tools, fitness, lawn and garden equipment, certain automotive services and products, such as tires and batteries, home fashion products, as well as apparel, footwear and accessories for the whole family. Its product offerings include Kenmore, Craftsman, DieHard, Lands’ End, Covington, Apostrophe and Canyon River Blues brand merchandise. In addition, as of January 30, 2010, it operated 60 Sears Essentials/Grand stores located in 24 states. Specialty stores includes 1,284 specialty stores located across all 50 states and Puerto Rico, in freestanding, off-mall locations or high-traffic neighborhood shopping centers. Specialty store operations primarily consist of 907 Sears Hometown Stores, 60 Sears Home Appliance Showrooms, 106 Sears Hardware Stores and 88 Orchard Supply Hardware Stores, 12 The Great Indoors Stores and 93 Outlet Stores.

Lands’ End is a direct merchant of traditionally-styled casual clothing, accessories and footwear for men, women and children, as well as home products and soft luggage. These products are offered through multiple selling channels, including Landsend.com, an apparel Websites, as well as catalog mailings, and international businesses. Lands’ End has 14 retail stores, averaging 8,600 square feet, which offer Lands’ End merchandise primarily from catalog and Internet channel overstocks. The Company sells Sears merchandise, parts, and services to commercial customers through its business-to-business Sears Commercial Sales and Appliance Builder/Distributor businesses. Product Repair Services is a product repair service provider. Home Services also includes home improvement services (primarily siding, windows, cabinet refacing, kitchen remodeling, roofing, carpet and upholstery cleaning, air duct cleaning, and garage door installation and repair) provided through Sears Home Improvement Services.

Sears Canada

Sears Canada, a consolidated, 73%-owned subsidiary of Sears, conducts retail operations in Canada similar to those conducted by Sears Domestic, with emphasis on apparel and other softlines than in the United States stores. As of January 30, 2010, Sears Canada operated a total of 122 full-line stores, 280 specialty stores (including 48 furniture and appliance stores, 186 dealer stores operated under independent local ownership, four appliance and mattress stores, 30 Corbeil stores, and 12 outlet stores), 22 floor covering stores, 1,853 catalog pick-up locations and 108 travel offices. Sears Canada also conducts business over the Internet through its Website, sears.ca.

The Company competes with Walmart, Target, Kohl’s, JC Penney, Macy’s, Home Depot, Lowe’s, Best Buy and Hudson’s Bay Company.

Business Line
Retailer of tools, lawn and garden, home electronics, and automotive repair and maintenance
Subsidiary
KCD IP LLC
Advisor
DELOITTE & TOUCHE LLP
IPO date
5/2/2003
US SIC Code
5311
Company Address
3333, Beverly Road

City province or state postal code
60179, HOFFMAN ESTATES, IL
Phone: +1 847 286 2500
Fax: +1 847 286 8351
Country address: UNITED STATES OF AMERICA
Website url: www.searsholdings.com