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Once again, Sears has made history. For the first time, Sears has opened the doors to its vast archival collection and invited the public to peek inside. More than 100 years of history now available online. Sears has a rich, long history to tell dating back to 1886 when Richard Sears sold the first batch of watches. The milestones, introductions and stories fill volumes.
In a bid to arrest its declining sales numbers, Sears Holdings (shld) has shuttered a fleet of its namesake and Kmart stores. The retailer announced on Thursday that it would close 68 Kmart locations and 10 Sears stores this summer, leaving Kmart and Sears with fewer than 900 and 700 stores respectively. Comparable sales have declined every year since 2005, with net losses reaching a total of $8 billion for Sears since 2010.