The 1940’s – 1980’s proved to be a period of change for the company. Retail stores were opened in foreign countries, additional catalog companies were established and Sears Roebuck and Company built a new headquarters in Chicago, Illinois, which at the time was the world’s tallest building (Sears Archives, 2016). In 1980, Sears, Roebuck and Company underwent a period of restructuring, the retail division was renamed the Sears Merchandise Group, the company obtained many other subsidiaries in other areas of business such as financial services and real estate. This era of Sears’ restructuring and acquisitions has remained a questionable period in the company’s successful history.
This pattern of growth and transformation continued into the
In 1958, Alex Grass incorporated Rack Rite Distributors, Inc. Grass opened Rite Aid’s first store, through Rack Rite, in 1962, as a Thrift D Discount Center, in Scranton, Pennsylvania. 1963, Thrift D Discount Center became a drugstore chain when they opened five more stores. In 1965, the Thrift D Discount Center expanded to five northeastern states by quickly acquiring and opening new stores. In 1966, the first Rite Aid store opened in New Rochelle, New York. 1976, they introduced seventy Rite Aid private label products. The next year, 1968, they changed their name, officially, to Rite Aid Corporation and started trading on the American Stock Exchange. Then, two years later, in the beginning of the 1970’s, they moved to the New York Stock Exchange. Again, two years later, 1972, they had been operating 267 stores in 10 states. 1981, nine years later, they became the third-largest retail drugstore chain in the country. In 1983, they made over $1 billion in sales. In 1987, their twenty-fifth anniversary was celebrated and they, by then, had 420 stores in 9 states and Washington D.C., as well as Pennsylvania, where they started their business as a Thrift D Discount Center, in Scranton. Their market had greatly expanded and they had passed the 2,000-store mark to become the nation’s largest drug store chain in terms of store count. Eight years later, in 1995, they acquired Perry Drug Stores, the biggest chain of drugstores in Michigan. It was their largest acquisition to date. By then they had operated nearly 3,000 stores. That same year, Martin Grass succeeded his father Alex Grass, as Chairman and CEO of Rite Aid. The year after that, they had grown out to the West Coast and the Gulf Coast, adding more than ...
During the past years of the 1900s many factors have happened that resulted in the change of the United States history and future. It changed the everyday lives of Americans of how they survived and supported themselves and their family, in both positive and negative ways that affected them daily. For instance, the political affairs of the government and the election of candidates for certain parties like democratic or republican can affect the history of the country, on how the government or Congress passed laws that were of equal protection to its people and how it helps benefit both civilians and the nation itself. On social occasions this could affect the United States history because it is solely based on how the people will react and respond to a certain topic, action, or movement. Their opinions may differ depending on where they stand, on how they look at it from their perspective in their belief on morals, religion, or sense of patriotism to the United States. Advancements in technology affect the nation’s history as well because the improved technology in the 1900s provided many uses for the Americans. The basis of these technologies were to offer entertainment, transportation, communication, military, and also for labor tasks and work. But the events that occurred during 1945-1980s also established these significant altercations in history; were of either social, like The Beatles. And of a political event such as the Korean War that occurred in 1953. Also, a technological event like as the innovation of the world’s first personal computer. Whether the effects of these three events were of negative or positive, these three incidents led to the change in the...
a. Sears Essentials is a new store format that opened after the merger with K-Mart
The 1920's was a time of change in the United States. “The Roaring Twenties” had an outstanding impact on the economy, social standards and everyday life. It was a time for positive results in the industry of consumer goods and American families, because of higher wages, shorter working hours, and manufacturing was up 60% in consumer goods. But it was also a time of adversity and opposition for others, such as immigrants and farmers. Immigrants had lots of competition when they were looking for work and they weren't treated fairly by Americans, depending on where they came from and what they believed. Farmers were paid very little because the price of food kept going down, they also had the Dust Bowl to worry about. African Americans became further infused with mainstream America during the Harlem Renaissance. They were also able to organize and elect officials who would make life better for them. The Roaring Twenties was a very exciting time to live in and we can all learn what the real world is like, and how we can prepare to be ready for it, today and in the future.
Out of some of the most turbulent times in history have come the greatest ages of success and prosperity. The 1920’s and 1950’s are two eras that exemplify the spirit of triumph and wealth. In both decades, a nation thrilled by the victorious conclusion of war and the return of their loved ones from war entered into an age of capitalism and materialism, bolstering the economy and with it national pride. Some of features most common to the 20’s and 50’s were consumerism and the accompanying optimistic mindset, the extent to which new ideas entered society, and discrimination in terms of both sexism and racism.
Sears was part of one of the biggest business mergers is history, Sears was bought by Kmart, which renamed itself Sears Holdings in 2005. Sears was the largest retailer until 1989 when Walmart passed them. Over all, they are the twelfth largest retailer. In 1993, Sears took hit. They altered some products due to low sales with J.C Penney's. Since then, their company is still strong, but they have given up on the rivalry and let J.C. Penneys rule. Some even consider Sears a dying business. Since 2010, Sears has went from over 3,000 stores to less than 1,000. J.C Penneys has a total of 1,095 stores, compared to Sears which has a meer 597.
Founded by Sam Walton in 1962 as a discount city store in Bentonville, Wal-mart was incorporated as Wal-Mart Stores Inc. on October 31, 1969 as an American public corporation that runs a chain of large, discount department stores. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales.Wal-Mart further expands outside America and operates in Mexico as Walmex, in the UK as ASDA, and in Japan as Seiyu. It has wholly-owned operations in Argentina, Brazil, Canada, Puerto Rico, and the UK.Presently listed on NYSE, Wal-Mart began trading stock as a publicly-held company on October 1, 1972. According to the 2007 Fortune Global 500, Wal-Mart is the world's largest public corporation by revenue and the largest private employer in the world and the fourth largest utility or commercial employer, trailing the Chinese army, the British National Health Service, and the Indian Railways.Wal-Mart reached a sales milestone in 1979 with 276 stores and 21,000 employees, it reached $1 billion in sales. Having only been in existence for 17 years, the company achieves the quickest ever ascent to the $1 billion milestone.Through out the 1980s, Wal-Mart grows rapidly and by its 25th anniversary in 1987 there were 1,198 stores with sales of $15.9 billion and 200,000 associates. The year 1987 in particular is marked by the completion of the company's satellite network, a $24 million investment linking all operating units of the company with its Bentonville office via two-way voice and data transmission and one-way video communication. In 1988, the founder Sam Walton stepped down as CEO and was replaced by David Glass though he remained as Chairman of the Board of Directors. The y...
The 1950s was a period of both consensus and discontent, which impacted the political, social, and cultural history of the decade. There were numerous things that the people agreed and disagreed on, like anticommunism and McCarthyism, the Korean and Vietnam wars, and the Civil Rights Movement. The country seemed divided about almost every event that occurred during this time period because the air was filled with so much tension from the Cold War.
Hey there grandson! I’ve noticed a lot of unusual and crazy event taking place in our society, and most of these events can be confusing to understand. I am writing you to insure that when you get older and go through society as an American citizen, you can fully understand the nation that you came from and form an economic and political opinion about your nation. And what better way to give you advice about your future than to reflect on part of our nation’s past.
Upon reading yearbooks dating throughout the past, it becomes apparent that external events shape education. It is obvious that our modern yearbooks are vastly different from the yearbooks of old, since their society reflected different issues than our own. We as a society, live in a time generally stable and peaceful, which is reflected within our own yearbook. During the 1940’s, society did not have the same luxuries as we do today, they lived in a time of change and insecurity. The 1940’s was a time of both war and death, which every student was effected by. During World War II, Canadians were sent to fight and die for their country, uncertain of their future. As well as men choosing to go to war, the second world war featured drafting,
Interviews with individuals from across the economic spectrum about the heady years after the Wall Street Crash in 1929 reveal a socially transformational period of time. Unlike previous busts, the sheer hopelessness and economic damage was almost unheard of. Furthermore, another difference when compared to previous economic downturns is the incredibly productive economy that had developed as industrialization resulted in mass-market products like automobiles and washing machines becoming accessible to many Americans in the roaring 1920s. The United States’ leadership community, whether in business or politics, was totally ill-equipped to handle such a change in circumstances when, before the Great Crash, production growth was considered the penultimate method to increase prosperity, as exemplified by the spread of Taylorism and also President Hoover’s inept attempts to stabilize the economy at the turn of the 1930s. In turn, many individuals began to view the economy as a rigged system that benefitted the well-connected and
I got most of my information off the Internet and the rest from one of my friends who used to work at Sears. My friend told me some of the things that they have done in the past, and I analyzed it. I used www.sears.com and a page off www.yahoo.com. The page I used was wysiwyg://49/http//biz.yahoo.com/rf/010419/n19537340.html. The rest of the information was brought to you by my fiancée, Autumn. As far as clothing goes, Autumn has extensive knowledge in Sears.
The late 1930’s was full of many political, entertainment, style, and technological advances. The entertainment industry contained many new types of films and songs. New political leaders came to power and dealt with many trying events. Men, women and children began changing the way they dressed. As the 1930s continued, the world also began to invent new technology.
Sears Holdings is a company built upon the heritage of Kmart and Sears stores, owner of many well-known brands, and is the provider of auto care and home remodeling. The company’s key operations are the stores in which it operates under the Kmart and Sears brands. Almost every state in the country has at least one Sears or Kmart store, and some U.S. territories also have locations. The company operates in the retail market, which is a highly lucrative industry, but has lost its ability to produce profits and to take charge as a leader in American
Sears began as a small retailer but as the years have gone by, they have become