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Other retailers resisted it, as they were developing their own credit products and they believed they would be helping their competitor. Sears began to face difficulties in the late 1980s in light of these developments, and with strong competition both from Walmart and from so-called category killers such as Toys "R" Us. Discover's introduction ...
Sears, Roebuck and Co. (/ s ɪər z / SEERZ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago.
Its credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25.8 million in the first quarter of 1987. [4] In March 1993, Sears sold off its financial services branch as a new independent publicly traded company called Dean Witter, Discover & Co. with Dean Witter Reynolds in charge. [5]
Sears is unveiling a new payment option for customers: an enhanced Sears credit card. Giving their branded store card a facelift, Sears says it added more retail value to carrying a Sears card.
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While there is no credit check, customers must be at least 18, make at least $1,000 a month, and have either a Social Security number or a taxpayer ID. The program is being made possible through a ...
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The Great Indoors concept was introduced in 1997. Sears believed it had growth potential within the following 10 years. However, the chain did not prove successful and Sears closed stores, starting with a first round in 2005. At one time, The Great Indoors had $550 million in sales. On February 1, 1998, Sears, Roebuck and Co opened the first ...