History
Sears Canada was founded in 1953 by Sears Roebuck of Chicago and operating under joint ventures with Simpsons Ltd. as Simpsons-Sears. It later ended the relationship and began to build on its own. It later acquired Simpsons stores through bankruptcy in the 1990s. Sears Canada Bank was established in 2003 by the Office of the Superintendent of Financial Institutions (OSFI). JPMorgan Chase purchased Sears Canada Bank in 2005. Chase Card Services Canada is the current issuer of two Sears Canada credit card products, Sears Card and Sears MasterCard.
Read more about this topic: Sears Canada Bank
Famous quotes containing the word history:
“One classic American landscape haunts all of American literature. It is a picture of Eden, perceived at the instant of history when corruption has just begun to set in. The serpent has shown his scaly head in the undergrowth. The apple gleams on the tree. The old drama of the Fall is ready to start all over again.”
—Jonathan Raban (b. 1942)
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)
“The one duty we owe to history is to rewrite it.”
—Oscar Wilde (1854–1900)