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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 $863m in 2008, making Sears the
world's #48 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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