Profile: Sears Holdings Corp (SHLD.O)
26 Jul 2016
Sears Holdings Corporation, incorporated on November 23, 2004, is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company operates through two segments: Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services. Shop Your Way connects all of the ways members shop-in store, at home, online and by phone. The Company is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. Its brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi's and also offers Lands' End merchandise in some of its Full-line stores. Additionally, it offers the Adam Levine and Nicki Minaj collections in approximately 500 Kmart stores and on shopyourway.com/kmart.com. It is also a provider of home services, with over 10 million service and installation calls made annually.
The Company operates a network of stores with approximately 1,670 Full-line and specialty retail stores in the United States, operating through Kmart and Sears. It operates a range of Websites under the sears.com and kmart.com banners.
The Company operates approximately 940 Kmart stores across over 50 states, Guam, Puerto Rico and the United States Virgin Islands. This store count consists of approximately 930 discount stores, averaging over 95,000 square feet and approximately seven Super Centers, averaging over 170,000 square feet. Most Kmart stores are one-floor, free-standing units that carry an array of products across various merchandise categories, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables and apparel, including products sold under labels, such as Jaclyn Smith, Joe Boxer and Alphaline and certain Sears brand products (such as Kenmore, Craftsman and DieHard) and services. It also offers an assortment of appliances, including Kenmore-branded products. It has approximately 700 Kmart stores that also operate in-store pharmacies. The Super Centers generally operate 24 hours a day and combine a service grocery along with the merchandise selection of a discount store. There are also over seven Sears Auto Centers operating in Kmart stores offering a range of automotive repair and maintenance services, as well as an assortment of automotive accessories. Kmart offers a layaway program, which allows members and customers to finance their purchases both in-store and online. This service is available in over 900 Kmart stores through either mygofer.com, kmart.com or shopyourway.com. Kmart also sells its products through its kmart.com Website and provides members and customers cross-channel options, such as buying through a mobile application or online and picking up merchandise in one of its Kmart or Sears Full-line stores.
The Company's Sears Domestic segment's operations consist of Full-line stores, specialty stores, commercial sales and home services. Its Full-line stores include approximately 700 stores, of which over 690 are Full-line stores, located across all 50 states and Puerto Rico. These stores are mall-based locations averaging over 138,000 square feet. Full-line stores offer an array of products and service offerings across various merchandise categories, including appliances, consumer electronics/connected solutions, tools, sporting goods, outdoor living, lawn and garden equipment, certain automotive services and products, such as tires and batteries, home fashion products, as well as apparel, footwear, jewelry and accessories for the whole family. The Company's product offerings include its Kenmore, Craftsman, DieHard, Bongo, Covington, Canyon River Blues, Everlast, Metaphor, Roebuck & Co., Outdoor Life and Structure brand merchandise, and other brand merchandise such as Roadhandler, Ty Pennington Style, Levi's and WallyHome. Lands' End, Inc. operates approximately 230 stores within a store department inside Sears Domestic Full-line locations.
The Company has approximately 620 Sears Auto Centers operating in association with Full-line stores and over seven Sears Auto Centers operating out of Sears Essentials/Grand stores. In addition, there are approximately 24 free-standing Sears Auto Centers that operate independently of Full-line stores. The Company's sears.com and shopyourway.com Websites offers an assortment of home, apparel and accessory merchandise, and provides members and customers the option of buying through a mobile application or online and picking up their merchandise in one of its Full-line or Kmart stores. It has approximately 30 specialty stores (consisting of over 20 free-standing Sears Auto Centers). It sells Sears merchandise, parts and services to commercial customers through its business-to-business Sears Commercial Sales and Appliance Builder/Distributor businesses.
The Company's Product Repair Services offer product repair services. With over 10 million service and installation calls annually, this business delivers a range of retail-related residential and commercial services across all 50 states, Puerto Rico, Guam and the Virgin Islands under either the Sears Parts & Repair Services or A&E Factory Service names. Commercial and residential customers can obtain parts and repair services for all brands of products within the appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems categories. It also provides repair parts with supporting instructions for do-it-yourself members and customers through its searspartsdirect.com Website. This business also offers protection agreements, product installation services, and Kenmore and Carrier brand residential heating and cooling systems. Home Services also includes home improvement services (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 and Sears Home & Business Franchises.
The Company competes with Walmart, Target, Kohl's, J.C. Penney, Macy's, The Home Depot, Lowe's, Best Buy and Amazon.
Sears Holdings Corp
3333 Beverly Rd
HOFFMAN ESTATES IL 60179-0001
Company Web Links
- Sears explores options for two businesses; loss widens
- UPDATE 2-Sears explores options for two businesses; loss widens
- BRIEF-Sears Holdings on call - do not intend to borrow money to fund continued operating losses
- BRIEF-Sears Holdings expects to pursue other actions to improve liquidity
- BRIEF-Sears Holdings says board has decided to explore alternatives for two businesses