Perspective giant- the U.S. department store Sears the century-old (below).doc

 PAGE \* MERGEFORMAT 6 Perspective giant: the U.S. department store Sears the century-old (below) 80 years since the 20th century: Sears today In 1980, Sears, Roebuck and Company announced the formation of a corporate body to carry out major restructuring. The results of this reform is to early 1981, corporate re-named the retail business, Sears merchandise group and the American Insurance Group insurance. Followed by the acquisition of Sears, Dean Witter Reynolds Organization Inc. and Coldwell Banker Corporation, the formation of Dan Weite Financial Services Group and Wachovia Burbank Real Estate Group. The following year, Sears set up a trading company in the world. It later became Sears World Trade Center, in 1986, transferred its business to the Sears merchandise group. Financial services strategy began to play a role. The company in 1985, the introduction of ‘discoverer’ credit card, enter the 90’s growing to 1992 revenues of 59 billion U.S. dollars. That year, Sears announced that it will once again reorganized company, to make it more powerful, more market-oriented, to give shareholders more returns. As part of a restructuring of Sears merchandise group confirmed the clothing, household goods and cars for the company’s main business, closed some poorly operated stores, including some located within the Moore’s chain. Its non-profit directory of mail-order business in 1993 and ceased operations, leaving only a small part (but successful) in direct sales. In early 1993, Sears Dean Witter Organization will be the company’s 20% stake in listed issuers, later known as Dan Weite company. This is the second largest in U.S. history, the stock split of its own Danwei Te Sears shares transferred to Sears shareholders. That same year, Sears conducted another financial operations, issuing 20% of the nation’s stock. This is the largest IPO in U.S. history issuance program. In 1995, the remaining shareholders of the shares are transferred ration. The results of th