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.