Sears Holding Corporation is a publicly traded retail giant with about 4,000 full-line and specialty stores operating under various mastheads across the United States, Canada and elsewhere. Listed on Nasdaq, the conglomerate is the parent company of Kmart and Sears, Roebuck and Co. In 2010, it reported more than $43 billion in revenue. Sears Holding Corporation has headquarters in Hoffman Estates, Illinois.
U.S. and Canada Stores
The company has 2,201 full-line and 1,354 specialty retail stores across the United States under the Sears and Kmart banners, according to the "New York Times" Business Day. It operates 483 full-line and specialty stores under Sears Canada, Inc., conducting business through Kmart, Sears Domestic and Sears Canada. Sears Canada is a 92 percent owned subsidiary. Sears Holding Corporation also has stores in Guam, Puerto Rico and the U.S. Virgin Islands. Sears Department stores are usually located in shopping malls where they stock clothing, home appliances clothing, jewelry, hardware and lawn and garden supplies.
Kenmore, Craftsman and DieHard are among the signature brands of Sears, and these brands are also found at Kmart. The stores also stock a wide range of apparel, including ubiquitous labels like Land's End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. You can also purchase the Country Living collection at Sears and Kmart. The company posted a loss of $218 million, or $1.98 a share, at the end of 2010, compared with a loss of $127 million, or $1.09 a share, the previous year, according to the "New York Times." In May 2011, Sears Holdings announced a slump in sales of 3.6 percent for the first fiscal quarter ended April 30, 2011, for its Kmart and Sears stores.
Corporate Governance and Company Sales
The Sears Holdings Global Compliance Program is part of the company's efforts to protect the integrity of its brands and convey a positive image. This includes obeying laws on child labor, wages, benefits, working hours, harassment, health and safety.
The company is sometimes involved in lobbying lawmakers about its business to ensure they know the full impact of proposed laws before voting. The company sponsors political candidates of both the major political parties who support the retail industry and believe in the free enterprise system.