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Women army the counters of one of the aboriginal Sears retail food in 1925.

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Corrections and Clarifications: A antecedent adaptation of this timeline misstated the date Sears awash its acclaim portfolio to Citibank.

Sears has aloof filed for defalcation protection. As it fights for its life, here’s a attending at the company’s acceleration to acceptable the nation’s top retailer, and its fall.

1886: Richard W. Sears, a railroad agent, starts affairs watches as a ancillary gig in Minnesota. Later that year, he founds the R.W. Sears Watch Aggregation in Minneapolis.

1887: A watchmaker named Alvah C. Roebuck answers Sears’ advice capital ad. Sears confused his aggregation to Chicago.

1888: The average the aggregation would be accepted for, the catalog, debuts. The aboriginal one had alone watches and jewelry.

1889: Sears sells his watch business for a accumulation of $72,000.

1893: The two men accompany armament again, call their new adventure Sears, Roebuck.

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More: Sears may book for defalcation as debt acquittal looms, letters say

1894: The catalog’s folio calculation jumped to 322 and included aggregate from bed-making machines to sports equipment.

1895: Roebuck exits the company. 

1906: Sears offers banal in an IPO.

1908: Co-founder Sears retires.

1925: Sears opens its aboriginal store. It was in Chicago.

1927: Sears creates Kenmore cast for accessories and Craftsman cast tools.

1931: Sears introduces Allstate Insurance.

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1933: The Christmas archive debuts

1941: Sears stops alms advantage by mail order.

1945: Sears acme the $1 billion sales mark. 

1946: Sears launches plan to body food in suburbia.

1953: The Sears acclaim agenda is introduced.

1967: Sears creates DieHard batteries.

1968: The Christmas archive is re-christened the Wish Book.

1973: The Sears Tower, again the tallest architecture in the world, becomes Sears’s new home in Chicago.

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1975: Sears becomes the absolute supplier of Pong.

1981: Sears buys banal allowance Dean Witter and absolute acreage alternation Coldwell Banker.

1985: Sears introduces the Discover Card.

1991: The aggregation loses the acumen of actuality the nation’s “top-selling retailer” to Walmart.

1992: The accumulated address relocates to Hoffman Estates, Ill.

1993: Sears stops bearing the Big Book catalog. The aggregation additionally awash Coldwell Banker and Sears Mortgage Banking Group as able-bodied as aing to 20% of Allstate and spun off Dean Witter.

1994: Sears sells the Sears Tower.

1995: Sears spins off Allstate into a abstracted company.

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1998: The Christmas archive website, wishbook.com, debuts, one year afore Sears.com goes live.

2002: Sears buys Lands’ End.

2003: Sears sells its $30 billion acclaim portfolio to Citibank.

More: Sears ‘must act immediately’ to extend life, Lampert’s armamentarium says

2005: Kmart and Sears merge.

2014: Lands’ End is spun off.

2015: Sears raises $2.7 billion by affairs food to Seritage Growth Properties, a real acreage advance trust 

Jan. 4, 2018: Sears announces a $500 actor accommodation from CEO Edward Lampert’s barrier fund. The aggregation had already gotten loans of hundreds of millions of dollars previously.

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Jan. 5: Sears reveals its plan to advertise Craftsman to Stanley Black & Decker for an estimated $900 million. 

March 9: The aggregation announces it absent $607 actor during the fourth quarter.

More: Sears, Kmart closing added food as retailer’s struggles continue

Aug. 14: Lampert offers through his barrier fund, ESL Investments, to buy the Kenmore abode apparatus cast for $400 million, as able-bodied as $70 actor to $80 actor for the home advance arm of the Sears Home Services Division – a accord Lampert says is “critical.” 

Aug. 23: Sears says it will aing 13 Kmart and 33 Sears locations in November.

Sept. 23: Lampert’s barrier armamentarium says in a angle that the banker “must act anon to accept acceptable aerodrome to abide its transformation.” It recommends $3.22 billion in asset sales, including $1.47 billion for absolute acreage which ESL Investments would buy afterwards a year if no added buyers stepped up. 

Oct. 3: Sears says it will aing at atomic two Kmart food and one Sears location, according to blow notices filed by government authorities.

Oct. 9 and 10: Reports say that Sears is alive with admiral to adapt to possibly book for bankruptcy, as anon as this week. 

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Oct. 15: Amid a borderline for a $134-million debt payment, the aggregation files for Chapter 11 defalcation protection. Eddie Lampert resigns as CEO but will abide chairman. A new “Office of the CEO” will administer the company.

Source: Sears, USA TODAY research

Charisse Jones contributed to this report. 

Copyright 2017 USATODAY.com

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