Transformco

Transformco is a holding company that owns and operates Sears and Kmart. It was formed in 2019 when Sears Holdings Corporation was acquired out of bankruptcy by an affiliate of Transformco CEO Eddie Lampert. The acquisition aimed to revitalize the struggling retail chains by implementing a new business model. Transformco's strategy has focused on streamlining operations, closing underperforming stores, and investing in e-commerce capabilities.

The company has faced significant challenges in turning around the fortunes of Sears and Kmart, which have experienced years of declining sales and market share. Transformco has sought to leverage the brands' established customer bases while also introducing new products and services. Efforts have included the development of in-store pharmacies and the expansion of the Sears Home Services business. The company's long-term success remains a subject of ongoing observation within the retail industry. Transformco operates as a privately held entity.