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Once the world's
biggest retailer, Sears has seen its market steadily eroded by mass-market discounters
such as Wal-Mart and Target. Sears probably suffered more than
most other traditional retail groups,
especially during the 1990s. But after two decades of inconsistent retail policy, the group
had made a substantial recovery by 2004. At the end of that year, Sears launched
itself in a new direction by announcing plans to merge with discount retailer Kmart
to create what was then a $50bn-plus giant. The enlarged group is now the #4 " broadline"
retailer in the US, although sales have drifted steadily lower since the merger.
The main Sears division, still the larger of the two brands, sells a wide
selection of home furnishings and appliances, apparel and automotive accessories
under a range of different formats including general and discount
department stores, discount and speciality stores. See also separate Kmart
profile. Advertising
Age estimated global measured advertising expenditure of $893m in 2007, making
Sears the world's #37 advertiser.
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Competitors: see Retail Sector index for other companies
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Sears website
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Sears Canada
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