Richard Warren was born in Stewartville

By
Managing Real Estate Broker with Fathom Realty PB00068179

Richard Warren was born in Stewartville, Minnesota back in 1863 to James and Eliza. At a very young age you found him working for the railroad after learning telegraphy. In 1880 he was working in North Branch, Minnesota for the Minneapolis and St. Louis Railway.

He transferred to Minneapolis where he became a station agent. Inn 886 at the tender age of 23 his life changed forever. Shipment of gold watches was refused by a Minnesota retailer. a common scam was for wholesalers to ship products to retailers who had not ordered them (sound familiar)?   However, Richard jumped at the opportunity agreeing with the wholesaler to give them $12.00 for each watch he sold and anything over that he kept as profit. They agreed and within 6 months he had netted $5,000.00, a hefty sum in those days. He moved to Chicago in 1887 and opened a watch company where he hired Alvah a watch repairman.

In 1893 he published his first catalog that catalog was of course the brainchild of Richard Warren Sears and his first employee of course was Alvah Curtis Roebuck. The company incorporated in 1895 as Sears Roebuck & Company. He retired in 1908 and died in 1914 in Waukesha, Wisconsin he was only 50. When he died the company’s worth was $25,000,000.00 (twenty-five million). It was approximately 1/457th of the U.S. gross national product. Not bad for someone starting out selling watches.

 

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NW Arkansas the home of WalMart, JB Hunt Trucking and Tyson Foods.

 

Come for a visit stay for a lifetime.  

 

URL http://www.sellnwa.com 

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Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The first credit card I ever had was a Sears, and so it is with a little bit of sadness to see Sears slowly die.

Mar 11, 2017 04:51 AM #1
Rainmaker
1,298,719
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

What a wonderful success.

Mar 11, 2017 04:53 AM #2
Rainer
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Noel Mayer
FAIRMOUNT REALTORS - Montclair, NJ
YOU WILL BE RIGHT AT HOME WITH NOEL

James Dray,

The American Dream Sears & Roebuck 

 Thank you, always a pleasurable learning experience.

 

 

Mar 11, 2017 04:57 AM #3
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning James. Not bad for an entrepeneur with a small start! Enjoy your day!

Mar 11, 2017 05:05 AM #4
Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning James Dray ,

It's amazing how many entrepreneurs started on a shoe string budget and look at what they accomplished! Only in the USA!

Mar 11, 2017 05:45 AM #5
Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again James. Not bad at all. A really good story and easy read.

Mar 11, 2017 06:31 AM #6
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning James,

From mail order to now internet; wonder which is better for profits.

Just think he did not have to worry about time changes either!

Make yourself an astonishing day.

Mar 11, 2017 06:45 AM #7
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Success stories like that give me hope James Dray. Thank you! 

Mar 11, 2017 07:51 AM #8
Rainmaker
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Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Now I know how Sears began, pretty cool stuff my friend!  I hope that your weekend is being enjoyed!

Mar 11, 2017 08:36 AM #9
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

James,

Thank you for another delightful post.  Sears is an American institution.  A

Mar 11, 2017 11:25 AM #10
Rainmaker
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Yolanda Cordova-Gilbert
Richmond, TX

James,

 I loved this story but I agree with Joe Pryor it is slowing dying! Thanks for the info have a great weekend!

Mar 11, 2017 02:59 PM #11
Rainmaker
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Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Joe Pryor I once read somewhere that SEARS originally refused to allow credit cards because he thought credit was bad for people and society. Last I heard, SEARS was collecting more in credit card interest than in sales!

Mar 11, 2017 08:39 PM #12
Rainmaker
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Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

A very interesting story, James Dray. Who doesn't know SEARS?!? 

Mar 12, 2017 02:01 PM #13
Rainmaker
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Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

It's amazing how many entrepreneurs started on a shoe string budget

Feb 18, 2018 08:43 PM #14
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James Dray

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