Sears Mexico

From Wikipedia, the free encyclopedia

Sears Roebuck de Mexico
Type Department store
Founded 1947 (Mexico City, Mexico)
Headquarters Mexico City, Mexico
Key people Eduardo Zea, CEO
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools, and electronics.
Website www.sears.com.mx

Sears México (Sears Roebuck de México S.A. de C.V.) is a department store chain located in Mexico, operating more than 44 stores all over Mexico. Sears Mexico is operated by Grupo Carso.

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In February 27, 1947 the first Sears in Mexico City opened, revolutionizing the traditional systems of commercialization and massive exhibition of merchandise, establishing fixed and competitive price policies, instead of implementing the traditional bargaining system.

From 1955 to 1993, Sears opened stores throughout Mexico.

On April 2, 1997 Sears, Roebuck and Company, now owned by Sears Holdings Corporation, formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which Sears agrees to sell 60% of its share of Sears Mexico to Grupo Carso.

Sears Holdings Corporation

People: Floyd Hall | Alan J. Lacy | Sebastian S. Kresge | Alvah C. Roebuck | Richard Sears

Retailers: Kmart | Big Kmart | Super Kmart | Lands' End | Sears | Sears Grand | Sears Hardware | Sears Appliance Dealer | Sears Outlet | Sears Parts & Repair | The Great Indoors | Orchard Supply Hardware | Sears Canada | Sears Mexico

Brands: Craftsman | DieHard | Joe Boxer | Martha Stewart Everyday

Annual Revenue: $49.124 billion USD (2006) | Employees: 355,000 (2006) Stock Symbol: NASDAQ SHLD | Website: searsholdings.com

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