The company was bought by the management of the American big box chain Kmart in 2005, the Kmart management formed Sears Holdings upon completion of the merger.
In terms of domestic revenue, Sears was the largest retailer in the United States until October 1989, when Walmart surpassed the record.
The prosperity of the company and their vision for greater expansion led Sears and Rosenwald to take the company public in 1906, with US million in stock.
However, they had to incorporate a new company in order to bring the operation public.
Also, by that time, the Sears catalog had become known in the industry as "the Consumers' Bible".Sears, Roebuck and Company, colloquially known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 18.Formerly based at the Sears Tower in Chicago and currently headquartered in Hoffman Estates, Illinois, the operation began as a mail ordering catalog company and began opening retail locations in 1925.In 1933, Sears issued the first of its famous Christmas catalogs known as the "Sears Wishbook", a catalog featuring toys and gifts, separate from the annual Christmas Catalog.The catalog also entered the language, particularly of rural dwellers, as a euphemism for toilet paper.