Sears is a retail store which originated in USA by Richard Waren Sears and Alvah Curtis in 1892 in Chicago. At first, it started as a mail order catalog company, which later went on to become a retail store in 1925. In 2005, Sears was merged with Kmart which changed to “Sears Holdings”.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Walmart is the leading Multinational retail corporation founded in 1962, and incorporated in 1969, it is headquartered in Bentonville, Arkansas. The company is a family business because it is mainly controlled by the Walton family. Walmart company operates across the globe with over 11,500 retail units in 28 countries and as e-retailers in 11 countries.
The Kroger Company is one of largest grocery vendors in United States. The company was founded by Bernard Kroger in 1883. The company has established its headquarters in Ohio.
Target Corporation is one of the largest discount retailer and mass merchandiser in the United States. It offers everyday essentials at discounted prices. The company was founded by George Dayton in 1902 and was called “Goodfellow Dry Goods” at that time.
Having started its journey as online book seller, Amazon.com now can be called as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company offering ecommerce, Prime Video, Amazon Music, AWS, Amazon Pay etc.
Macy’s Inc owns two divisions Macy’s and Bloomingdale’s, both of which are departmental stores. Macy’s was originally named RH Macy & Co after the founder Rowland Hussey Macy. Macy’s opened in 1858 as a small fancy dry goods store on the corner of a New York street.
6. Best Buy:
Best Buy, an American multinational, headquartered in Richfield, Minnesota is a consumer electronics retailer. It was founded in 1966 as an audio specialty store by Richard M Schulze. Best Buy operates in two geographical segments, ie, Domestic and International.
7. JC Penny:
JC Penny is an American company. It was founded in 1902 by Jill Soltau. The number of locations are 864 and is present in 49 states in United States, Puerto Rico.
To conclude, the above article highlights the various competitors which compete with Sears. This understanding helps to evaluate the various external business factors for any company.
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