Sears Roebuck (Mexico)

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Sears Roebuck de México S.A. de C.V.
Type Department store
Founded 1947
Headquarters Mexico City, Mexico
Key people Carlos Hajj Aboumrad, (CEO)
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools, and electronics.
Website www.sears.com.mx

Sears Roebuck de México is a department store chain located in Mexico, operating more than 55 stores all over Mexico. Sears México is operated by Grupo Carso.

Contents

History

On February 27, 1947, the first Sears in Mexico City opened, revolutionizing the traditional systems of commercialization and massive exhibition of merchandise, establishing fixed and competitive price policies, instead of implementing the traditional bargaining system.

From 1955 to 1993, Sears opened stores throughout Mexico.

On April 2, 1997, Sears, Roebuck and Company, now owned by Sears Holdings Corporation, formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which Sears agreed to sell 60% of its share of Sears Mexico to Grupo Carso, until 1997. As of 2007, Grupo Carso owned an 85% share of the company.

Locations

Northern Mexico

Sears México store in Perisur.

Central & Southern Mexico

Central America

Famous locations

External links

This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.