Preview

Sears, Roebuck, and Co. the Auto Center Scandal

Powerful Essays
Open Document
Open Document
2635 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sears, Roebuck, and Co. the Auto Center Scandal
SEARS, ROEBUCK, AND CO.
THE AUTO CENTER SCANDAL

History and Introduction of Sear, Roebuck, and Co.

Sears, Roebuck and Co began in the 19th century and sold farm supplies and consumer items as a small mail order company. The first Sears retail store opened up in Chicago on the 2nd February 1925 in the building named the Merchandise. This store had included a soda fountain and an optical shop. The first detached and separate retail store opened up on the 5th October 1925 in a city called Evansville in Indiana. During the summer season in 1928 3 more Chicago department stores opened newly, one on the 63rd and Western a second on the south side at Kenwood and 77th, and the third at north side at Lawrence and Winchester Street. In 1929 Sears bought out the department store Becker-Ryan Company and renamed it and in 1933 demolished old Becker-Ryan Company store in Englewood, and built the first windowless department store which was an inspired from the fair which took place in 1932, named the Chicago World's Fair. The Roebuck and Sears catalogue was sometimes denoted to as "The Consumers' Bible" and the newly launched Christmas Catalogue was known as the "Wish Book", as it included all forms of toys and accessories children used to pick. In these times were outhouses existed and no toilet paper was available readily, the sheets of the massively mailed catalogue in Chicago were used as toilet paper.

Continuing on Sears responded to the ongoing changes in America’s society, such as the movement from farms to factories and the new outcome of the automobile industry expanding in to many homes, Sears opened many hundred of retail stores in the following years. The company was experiencing rapid expansion and ultimately it expanded to include many other businesses such as an insurance branch named Allstate Insurance, a Real Estate Service by the name of Coldwell Banker, Securities department called Dean Witter Reynolds, and credit cards facilities and service being



References: 1. Behrman, J. 1988, Essays on Ethics in Business and the Professions, Prentice Hall, New Jersey. 2. Enderle, G. 1999, International Business Ethics, University of Notre Dame Press, Indiana. 3. Knight, F. 1980, The Ethics of Competition and Other Essays, University of Chicago Press, Chicago. 4. Singer, P. 2000, Writings on an Ethical Life, Harper Collins Publishers, London. 5. Sirota, D. 2006, Hostile Takeover, Three Rivers Press, New York. 6. Wood, D. 1991, Corporate Social Performance Revisited, The Academy of Management Review, Vol. 16, No. 4, Pittsburgh. 7. Linda K.Trevino (2007). Managing Business Ethics: Straight talk about how to do it right. 4th Ed. New Jersey, U.S.A: John Wiley & Sons, Inc. p.180-209. 8. Stephanie Strom. (February 13, 1992). COMPANY NEWS; Sears Plans 600 Job Cuts; Closings Set. Available: http://www.nytimes.com/1992/02/13/business/company-news-sears-plans-600-job-cuts-closings-set.html. Last accessed 1 April 2010.

You May Also Find These Documents Helpful

  • Powerful Essays

    BUS 490 assignment 1

    • 1208 Words
    • 5 Pages

    First, we shall not forget that Sears and K-Mart signed a merger agreement in 2004 which means that Sears and K-Mart are combined into a new major retail company. Sears has become the third largest retailer in the United States. Sears appears to have forgotten one of the first and basic Marketing lessons “Never forget what made you famous”. There have been three major strategic mistakes that Sears has made throughout the past decade. In 1981, Sears made their first strategic mistake, which was the “diversification outside its “core” retailing business into financial and real estate services, by purchasing the Dean Witter Reynolds securities firm and the Coldwell Banker real estate operation”. This was a big mistake, because this new business lines had little synergies with the company’s core business. In 2006, Sears’s made their second strategic mistake, which was a strategy to reorganize its operation in several departments that often run by personnel with little retailing knowledge. “It should come as no surprise that this policy was doomed to fail, as evidenced by the company’s financial results in recent years”. At this time Sears’s strategy is to sell off companies’ stores. The problem with this strategy could be that it is a sale of wrong assets at the wrong time. In brief, Sears has adopted the wrong strategies over and over again; still it is able to stay in the top 5 retail stores. Marketing is a key factor…

    • 1208 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    James Cash Penney opened his first store located in Kemmerer Wyoming in 1902, at the age of 25. The first store was opened in partnership between Penney, T.M Callahan and Guy Johnson as a ‘cash only’ store, refusing to take mining script or extend credit. Investing his entire savings of $500, Penney had to borrow $1,500 and was cautioned against his ‘cash only’ policy, as other stores in mining towns had been failing. The store was a success in spite of bankers warnings earning $28,898 in sales. Within two years Penney bought out Callahan and Johnson, and Penney had taken over their three other stores. Expanding rapidly, by 1915 there were 83 stores and by 1917 there were 175. Currently there are over 1,200 with over 205,000 employees stores ranging from the all 50 states as well as Puerto Rico, Mexico and Chile, the company is currently headquartered in Plano Texas.…

    • 1525 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Clifford, S. (2010, December 21). Sears Struggles 5 Years After Kmart Merger - NYTimes.com. Retrieved March 16, 2014, from http://www.nytimes.com/2010/12/22/business/22sears.html?pagewanted=all&_r=0…

    • 1096 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    This organization is the leading home appliance retailer, consumer electronics and automotive center. Sears unique innovation has helped the company become the leader in home services which includes home entertainment equipment and installation. The merger of Kmart and Sears helped the company's strategy to help improve the lives of the customers by providing quality services, products, and solutions that earn the trust and build lifetime relationships. The company values teamwork, integrity and positive energy. The culture of the company is defined by clear vision, mission, and values (Sears,…

    • 842 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    References: Trevino, L. K, and Nelson, K.A. (2006). Managing Business Ethics: Straight talk about how to do it right (4th ed.). Hoboken, N.J.: John Wiley & Sons.…

    • 1182 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    Swot Analysis Of Sears

    • 1341 Words
    • 6 Pages

    Along with having a large amount of stores, Sears also have numerous subsidiaries and brand-names. “Full-line stores offer a wide array of products and service…

    • 1341 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Sears, Roebuck & Company is still the same mail-order along with a few stores but the same expectations. The customer could shop from home, and the merchandise would be shipped to his or her door front. After the Great Depression, Sears experienced an enormous tumble that led them to terminate the catalog. This started the spiral downfall for their customer satisfaction.…

    • 1083 Words
    • 5 Pages
    Better Essays
  • Good Essays

    His 104 Key Terms

    • 2377 Words
    • 10 Pages

    * The first mail order catalog, which created a new way of shopping for consumer goods. Sears followed shortly after that. This became a more convenient form of shopping…

    • 2377 Words
    • 10 Pages
    Good Essays
  • Better Essays

    Ethical Perspectives

    • 880 Words
    • 3 Pages

    Trevino, L., & Nelson, K. (2011). Managing business ethics: Straight talk about how to do it right (5th ed.). Hoboken, NJ: John Wiley & Sons.…

    • 880 Words
    • 3 Pages
    Better Essays
  • Better Essays

    Case 6.4 Drug Dilemmas

    • 1435 Words
    • 6 Pages

    Cited: * Shaw, William. Business Ethics A Textbook With Cases . 7th. Boston: Wadsworth, 2011. Print.…

    • 1435 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Syllbus

    • 2210 Words
    • 9 Pages

    Trevino, L., & Nelson, K. (2011). Managing business ethics: Straight talk about how to do it right (5th ed.). Hoboken, NJ: Wiley.…

    • 2210 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Sam Walton opened the firs Walmart in 1962 in Rogers, Arkansas with the foundation being that it would offer “The Lowest Prices Anytime, Anywhere” (Walmart Corporate, 2014c), and by 1967 it had over 24 stores and $12.7 million in sales. By 1969, the company was officially incorporated and offered an initial public offering to raise funds to build a distribution center in Bentonville, Arkansas (Johnson & Mark, 2013, p. 3).…

    • 3997 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Last Train Home

    • 1195 Words
    • 5 Pages

    Boatright, John Raymond. Ethics and the conduct of business. 6th ed. New Jersey: Pearson, 2009.…

    • 1195 Words
    • 5 Pages
    Better Essays
  • Good Essays

    walmart sears case

    • 1036 Words
    • 6 Pages

    activity. Sears, on the other hand, does not open as many stores as Wal-Mart does, but it has…

    • 1036 Words
    • 6 Pages
    Good Essays

Related Topics