Sears Holdings Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert A. Riecker
- Full Time Employees
- 89,000
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- Address
- 3333 Beverly Road Hoffman Estates IL United States of America 60179
- IPO Date
- May 1, 2003
- Website
- transformco.com
- Similar Companies
- Business
- Sears Holdings Corporation (SHLDQ) operates as a residual entity following its Chapter 11 bankruptcy filing in October 2018, with core assets transferred to affiliate Transformco, a privately held retailer owned by ESL Investments; the company maintains a nominal stock presence on OTC markets at approximately $0.10 per share. Formed in 2005 through the merger of Kmart Holding Corporation and Sears, Roebuck and Co. and headquartered in Hoffman Estates, Illinois, it historically provided full-line department stores under the Sears brand offering apparel, appliances including Kenmore, Craftsman tools, DieHard batteries, home goods, and automotive services; discount variety stores under the Kmart brand stocking apparel, household items, groceries, and seasonal merchandise; loyalty programs via Shop Your Way; and ancillary services such as Sears Home Services for appliance repair, HVAC, lawn care, and Sears PartsDirect for replacement components. Geographic operations spanned the United States, Puerto Rico, Guam, and U.S. Virgin Islands, targeting middle-market consumers through approximately 3,500 stores at peak, with online platforms at sears.com and kmart.com. Transformco, which acquired select Sears and Kmart stores, brands, and operations for $5.2 billion in February 2019, operates the surviving retail footprint including around eight full-line Sears department stores, limited Kmart locations such as a downsized convenience format in Miami, Florida, full-line stores in Guam and U.S. Virgin Islands, Sears Hometown franchises (prior to their 2022 bankruptcy liquidation), smaller-format Sears Home & Life outlets specializing in appliances, mattresses, connected home products, and home services, alongside Sears Marketplace for third-party sellers across 20 merchandise categories via digital channels. Key brands encompass Kenmore appliances, which earned ENERGY STAR Partner of the Year in 2021; joint ventures like A&E Factory Service for mobile repairs with Whirlpool; and leasing options integrated into online shopping. Recent developments include Transformco's ongoing store rationalization with closures such as the last full-line Sears in Pennsylvania (2022), New York (October 2022), and multiple Kmart sites through 2023-2024, alongside asset sales including DieHard to Advance Auto Parts (2019, $200 million), Innovel Solutions logistics to Costco (2020), Sears Hometown Outlet division (2019), headquarters campus in Hoffman Estates (2023), and Sears Auto Centers (2022); the company shifted toward real estate optimization, partnering with developers like Russo Development for mixed-use projects on former sites and leasing ex-Kmart properties to tenants such as Aldi and Floor & Decor. In 2025, Sears Mastercard transitioned away from Citibank affiliation post-February notification, while revenue declined 19.4% to $10.52 billion amid persistent net losses of $893 million, prompting focus on appliances, e-commerce growth, and niche sustainability plays leveraging Kenmore. Ongoing litigation features a December 2024 lawsuit by Sears Hometown trustee against Transformco and ESL for $177 million over alleged undervalued 2019 acquisition and subsequent value destruction.
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