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Occupation. Businessman. Years active. 1886–1908. Known for. Co-founder of department store Sears, Roebuck and Company. Richard Warren Sears (December 7, 1863 – September 28, 1914) was an American company manager, retail businessman and the co-founder of department store Sears, Roebuck and Company with his partner Alvah Curtis Roebuck .
- 1886–1908
- September 28, 1914 (aged 50), Waukesha, Wisconsin, US
- December 7, 1863, Stewartville, Minnesota, US
- co-founder of department store Sears, Roebuck and Company
Apr 7, 2024 · Richard W. Sears was an American merchant who developed his mail-order jewelry business into the huge retail company Sears, Roebuck. Sears’s father had been wealthy but lost his fortune in speculation. After his death the young Sears, age 17, went to work for the Minneapolis and St. Louis Railway.
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Nov 10, 2023 · Richard Warren Sears was now worth $4.5 million, roughly $150 million by today's standards, a mere 20 years after starting his business with an abandoned box of watches.
- 56 min
Mar 17, 2003 · Sears branched to Chicago and also was so successful that within two years he had cleaned up $200,000, solely on $9.40 watches at $11.90 apiece. But the hard times of 1893 came on. Men don’t buy watches in hard times. Sears had nursed the idea of starting a bank on this competency, which he felt he had rounded out.
views 3,219,415 updated. Sears, Richard. (1863-1914) Sears, Roebuck and Company. Overview. Along with his partner A.C. Roebuck, Richard Warren Sears founded the first large-scale mail-order business and one of the world's largest retail stores.
Though Sears was known for his lack of organization and his tendency to embellish with advertisements in the infamous Sears, Roebuck catalogs, his company was a huge success, its sales growing from $300,000 in 1893 to over $10 million in 1900.
By the time Sears retired from the company in 1908, he had helped increase its sales from $138,000 per year in 1891 to $50 million annually when he left. Other heroes of capitalism, to be profiled in the future, helped the company that Richard Sears start become a world leader, but it was the genius of the boy from Minnesota that started it all.
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