Sears Outlet
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| Public | |
| Traded as | NASDAQ: SHOS |
| Founded | April 23, 2012 |
| Headquarters | Hoffman Estates, Illinois |
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Key people
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Will Powell (CEO) |
| Revenue | $2.4 billion |
| Subsidiaries | Sears Appliance and Hardware, Sears Home Appliance Showrooms, Sears Hometown and Sears Outlet |
| Website | www |
Sears Hometown and Outlet Stores Inc. is an American retail company that sells home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools. The company has four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. Sears Hometown and Outlet Stores is based in Hoffman Estates, Illinois. Sears Hometown and Outlet Stores was founded on April 23, 2012. The company was spun off from Sears Holdings in 2012.
Sears Holdings spun off Sears Hometown and Outlet Stores in 2012 to attempt to restore profitability and raise shareholder confidence. Sears Holdings spun off more than 1,100 Hometown and 122 outlet stores. Hometown stores are small hardware and appliance stores operated by independent retailers. Outlet stores sell Sears merchandise at discount. Outlet stores are approximately 18,000 square feet and equipped with items such as home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools. Outlet stores sell discontinued, used, cosmetically blemished or reconditioned merchandise with new parts.
Sears Hometown and Outlet Stores partnered with the National Volunteer Fire Council in November 2013 to raise money for local fire departments. The objective of the campaign was to provide firehouses with funds to improve resources for training, equipment, and financial support.
As of January 28, 2017, Sears Hometown and Outlet Stores and its dealers and franchisees operated 1,020 stores in the United States, Puerto Rico, and Bermuda. Sears Hometown and Sears Outlet consisted of 944 Sears Hometown stores, 96 hardware stores, 76 home appliance showrooms and 143 Outlet stores in October 2012.
Sears Hometown stores are independently owned stores that sell Sears merchandise. In 2013, 70-80% of Hometown stores were independently owned. Formerly Sears Dealer Stores, they are a chain of smaller stores that operate as a store where the proprietor owns or leases the real estate while Sears Holdings handles the marketing and owns the inventory, and there are no franchising fees levied against the store proprietor. These stores are usually located in smaller markets that do not support full-sized Sears. They are signed as Sears and are usually free-standing or located in strip malls. They primarily concentrate on hardware, appliances and lawn-and-garden supplies. Most of Hometown Stores carry Sears brand products, such as Kenmore, Craftsman, and DieHard, as well as a wide assortment of other national brands. Primarily independently owned and averaging 8,500 square feet, Hometown Stores are designed to serve customers within their local communities.
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