Citigroup said the purchase also includes Sears' Financial Products business and credit card facilities, with approximately 8,300 employees. Sears, based in Hoffman Estates, Ill., said it will receive ...
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1886 It all started with a young Richard Warren Sears, who was a Minnesota station agent. One day, a shipment of unwanted gold watches arrived at his station. He saw this as an opportunity and bought the lot at $12 each. He then sold them at $14, pocketing a neat $2 profit per watch. This ignited the spark of entrepreneurship in him. He soon quit his cushy government job and started a mail ...