500:
Hometown and Outlet Stores 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. By August 2019, there were 393 Hometown Stores in operation just prior to their sale to Transform Holdco. In May 2022, it was announced that roughly 100 more Sears Hometown stores would close permanently, This came shortly after the company announced plans to close 70 Hometown stores. By September 2022 the number of remaining stores was less than 150. On December 13, 2022, Sears Hometown filed for Chapter 11 bankruptcy. It was later revealed that all remaining Sears Hometown stores would be liquidated and permanently closed.
515:
550:. At the time of the separation, there were 122 Sears Outlet Stores in operation. By February 2014, Sears Outlet stores had expanded its operations to 143 locations. The majority of Sears Outlet stores are company-operated (115) and 28 Sears Outlet stores are locally owned and operated by franchisees. Sears Hometown and Outlet Stores initiated a program to franchise Sears Outlet stores in 2012. In 2013, home appliances made up 78% of Sears Outlet's sales revenue and total revenue from Sears Outlet stores was $ 610 million. In 2014, Sears Outlet partnered with the
27:
321:
On
October 23, 2019, Sears Hometown and Outlet Stores completed its sale of Sears Outlet and Buddy's Home Furnishing businesses to Franchise Group. Transform Holdco completed the acquisition of the remainder of Sears Hometown at the end of the same business day. Stores that were acquired by Franchise
554:
to support children with life-threatening conditions. By August 2019, 127 Outlet Stores were in operation. In 2019, it was reported that this division might need to be divested as per acquisition by
Transform Holdco. And which in August 2019, the company agreed to sell this division to the Franchise
570:
Home appliance showrooms display merchandise in-stores. The stores have an internet kiosk where customers are able to view similar products, price match, and order products not available in the store. Averaging 5,000 square feet with a primarily appliance showroom design As of
October 2019, there
280:
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
226:
was an
American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, & tools. The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. Sears Hometown and
313:
In June 2019, it was finally announced that
Transform Holdco will acquire the remaining shares in the company. As per deal, Sears Hometown and Outlet Stores might need to divest its Sears Outlet division to gain approval. At the time announcement, Sears Hometown and Outlet Stores had 491 Hometown
499:
Sears
Hometown stores were 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
275:
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
534:
opened a surplus store in Kansas City. In 1994, the surplus stores were renamed to Sears Outlet. In 1995, Sears Outlet restructured in order to manage repairs and product distribution from a centralized location. To do this, they established a series of facilities known as Outlet Repair and
526:
An outlet version of Sears department stores located in various retail locations across the U.S., as well as online. The stores sell appliances, apparel, mattresses, sporting goods, tools, and lawn and garden equipment. Sears Outlet provides in-store and online access to new, one-of-a-kind,
317:
In August 2019, Franchise Group, the parent of
Liberty Tax, announced plans to acquire Sears Outlet division from Sears Hometown and Outlet Stores to help fulfill Transform Holdco's requirement in Transform Holdco's acquisition of Sears Hometown and Outlet Stores.
527:
out-of-carton, discontinued, obsolete, used, reconditioned, overstocked, and scratch-and-dented merchandise at a discounted price (at twenty to sixty percent off regular retail price) Each store, on average, is larger than 18,000 square feet in size.
305:
However it was reported a few days later that Sears
Hometown and Outlet Stores acquisition offer was rejected, as a result, Sears Hometown and Outlet Stores might face liquidation, having a similar fate to Sears Holdings but which got acquired by
981:
239:
in 2012. By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. On June 3, 2019, it was announced that
1230:
991:
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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.
1618:
583:
that carry the entire line of Sears hardware and appliances. averaging nearly 28,000 square feet in size, are primarily located in suburban markets. All locations were closed by June 2019.
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remained in business as an American retail brand of hardware and appliance stores and a Transform Holdco subsidiary with most stores being locally owned and operated franchises.
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On December 13, 2022, Sears Hometown filed for Chapter 11 bankruptcy. It was later revealed that all remaining Sears Hometown stores would be liquidated and permanently closed.
1663:
535:
Distribution Centers. In 2015, there were 22 of these centers in operation. In 2008, apparel was introduced to Sears Outlet stores and served as a liquidation outlet for
657:
1331:
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Sears Hometown and Outlet Stores received the Customer Engagement award from the online publication Retail TouchPoints for their interactive in-store campaign.
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681:
633:
539:. In 2009, SearsOutlet.com was launched as an e-commerce platform allowing customers to purchase items online and in 2011, nationwide delivery was offered.
778:
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a few months ago, but its biggest shareholder Eddie Lampert is trying to save the company from liquidation and hopefully continue the acquisition process.
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248:. As per the deal, Sears Hometown needed to divest its Sears Outlet division to gain approval. The company ceased to exist on October 23, 2019, when
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1796:"Lehigh Valley's last Sears Appliance & Hardware store, one of less than a dozen locations left nationwide, set to close"
555:
Group, the parent company of Liberty Tax. The sale of the division to the Franchise Group was finalized on October 23, 2019.
1642:
2178:
1684:
295:
on October 15, 2018, Sears Hometown and Outlet Stores was not affected due to having been spun off from Sears since 2012.
1231:"Franchise Group, Inc. Closes on the Acquisition of the Sears Outlet Business from Sears Hometown and Outlet Stores, Inc"
2314:
982:"Sears Hometown and Outlet Stores, Inc. Launches "Salute to Local Heroes" Charity Campaign to Support First Responders"
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would acquire the company as a result of its subsidiary Sears opening up 3 Sears Home & Life stores by May 2019.
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1068:"Sears continues its push into appliances by offering to buy full control of a chain spun off years ago"
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121:
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1095:"Why Sears' Hometown & Outlet Stores Rejected Ex-CEO's Offer to Buy Remaining Shares in Company"
2213:
514:
1840:
1503:"Sears Hometown And Outlet Stores Inc Works With Yotpo To Help Customers' Decision-Making Process"
1437:"Sears Outlet store will relocate to Airport Hwy. Retailer plans to reopen at new site on April 4"
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in December 2019 and later rebranded its Sears Outlet stores as American Freight by April 2020.
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1934:
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acquired the Sears Outlet division and Transform Holdco acquired the rest of the company.
8:
1996:
1206:
1041:"Sears' Eddie Lampert looks to regain full ownership of Sears Hometown and Outlet Stores"
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1981:
543:
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2016:
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618:
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1800:
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109:
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2037:
1991:
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930:
819:
580:
307:
249:
105:
1714:"Franchise Group, Inc. Closes on the Acquisition of American Freight Group, Inc"
1692:
1421:
1351:
759:"Edward Lampert Buys More Shares of Sears Hometown and Outlet Stores Inc (SHOS)"
231:. Sears Hometown and Outlet Stores was founded in April 2012. The company was a
2248:
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2021:
1898:
547:
269:
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236:
37:
1734:"Sears Outlet, American Freight Combine to Create One-Stop-Shop for Your Home"
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2011:
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1276:"Sears Hometown files for Chapter 11 bankruptcy protection | CNN Business"
1119:"Sears Hometown and Outlet Stores considering liquidating Hometown stores"
1118:
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2001:
868:"Transform Holdco LLC To Acquire Sears Hometown And Outlet Stores, Inc"
185:
2130:
2047:
2042:
1862:
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1816:"Sears Hometown and Outlet Stores Receives Customer Engagement Award"
1045:
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stores and 126 Outlet stores in 49 states, Puerto Rico and Bermuda.
2075:
1527:
1664:"Sears Hometown and Outlet Store Formats Partner With Make-A-Wish"
1461:"Worth noting in business: Sears Outlet store opens on White Lane"
682:"Worth noting in business: Sears Outlet store opens on White Lane"
1867:
1523:"Sears To Spin Off Hometown, Outlet Stores Into Separate Company"
1175:
953:"Sears announces plan for outlet store in Summit Shopping Center"
815:
810:
157:
1304:"Sears Is Liquidating and Closing All Remaining Hometown Stores"
51:
1332:"A Sears Hometown Store Succeeds at Penfield's Panorama Plaza"
2052:
1960:
1955:
1852:
531:
277:
1542:
1202:"Liberty Tax to buy Sears Outlet stores for $ 132.9 million"
1619:"Retail Therapy: Sears Outlet store coming to Fayetteville"
1453:
1422:"Shop: Appliances, Tools, Clothing, Mattresses & More"
1252:"Sears Hometown and Outlet +2.7% after merger transaction"
1225:
1223:
1171:"Sears Parent Co. Buying Sears Hometown And Outlet Stores"
806:"Sears Parent Co. Buying Sears Hometown And Outlet Stores"
1755:"New Sears home appliance showroom in Westlake now open"
1142:
Tribune, Lauren Zumbach of the Chicago (14 April 2019).
1726:
1706:
1220:
2295:
Companies that filed for Chapter 11 bankruptcy in 2022
1014:"Bankruptcy filing won't impact Sears Hometown stores"
510:
American Freight § Sears Surplus and Sears Outlet
674:
574:
614:"Sears is coming back to Manatee County ... kind of"
322:
Group were re-branded into American Freight stores.
284:
Sears Hometown and Outlet Stores partnered with the
1599:"Sears to spin off Hometown, Outlet stores Tuesday"
1400:"More than 70 Sears stores to close across country"
926:"Sears to spin off Hometown, Outlet stores Tuesday"
1550:"Sears files to spin off Hometown, Outlet stores"
919:
917:
915:
893:"Sears files to spin off Hometown, Outlet stores"
2271:
1482:"New Sears Outlet Store Opens in Queens Village"
565:
1590:
1515:
885:
607:
605:
603:
558:Two months later, the Franchise Group acquired
912:
658:"New owners buy Sears Outlet Store in Portage"
542:In 2012, Sears Hometown and Outlet Stores was
1883:
1787:
1377:"About 100 Sears Hometown stores are closing"
711:"Sears Outlet store coming to ABQ's Westside"
704:
702:
1611:
1563:
1243:
750:
600:
291:When former parent Sears Holdings filed for
1325:
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923:
732:
730:
699:
651:
649:
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25:
1637:
1635:
1199:
842:"As expected, Sears Outlet changes hands"
579:Sears appliance and hardware stores were
571:are currently 15 locations in operation.
108:with the rest of the company acquired by
2310:Companies based in Cook County, Illinois
1746:
1572:"Sears' Hometown Stores to File for IPO"
1374:
1320:
1273:
1092:
944:
513:
495:Transformco § Sears Hometown Stores
488:
2285:Retail companies disestablished in 2019
1793:
1643:"Sears Hometown and Outlet Stores, INC"
1301:
1200:Pierceall, Kimberly (August 27, 2019).
1144:"Sears seeks to reclaim Hometown brand"
1141:
1065:
976:
974:
756:
727:
644:
634:"Sears Hometown and Outlet Stores, Inc"
611:
2290:American companies established in 2012
2272:
1808:
1775:"About Sears Home Appliance Showrooms"
1632:
1569:
1474:
1434:
1428:
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1249:
800:
798:
738:"Sears Hometown and Outlet Stores Inc"
2320:Retail companies of the United States
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1267:
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708:
503:
298:In April 2019, it was announced that
224:Sears Hometown and Outlet Stores Inc.
20:Sears Hometown and Outlet Stores Inc.
2280:Retail companies established in 2012
1656:
1397:
1038:
971:
655:
1742:(Press release). February 27, 2020.
1722:(Press release). February 14, 2020.
1011:
795:
13:
2305:2019 disestablishments in Illinois
1897:
1818:. Home Furnishing News. 2014-01-14
1752:
1685:"Sears Hardware Stores Store List"
1677:
1597:Shropshire, Corilyn (2012-09-08).
1292:
1264:
1250:Aycock, Jason (October 23, 2019).
1239:(Press release). October 23, 2019.
1190:
1160:
924:Shropshire, Corilyn (2012-09-08).
575:Sears Appliance and Hardware Store
14:
2341:
1841:Last snapshot of official website
1832:
1375:Valinsky, Jordan (May 31, 2022).
1093:McDonald, Samantha (2019-04-10).
1066:Zumbach, Lauren (April 8, 2019).
951:Welch, Karen Smith (2013-09-06).
255:The company's former subsidiary,
215:Last snapshot of archived website
2136:Sears Hometown and Outlet Stores
757:Oleinic, Alexandr (2014-04-21).
612:Finaldi, Laura (July 26, 2019).
293:Chapter 11 bankruptcy protection
246:Sears Hometown and Outlet Stores
2300:2012 establishments in Illinois
1570:Booton, Jennifer (2012-08-13).
1414:
1391:
1368:
1344:
1274:Valinsky, Jordan (2022-12-13).
1135:
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1005:
987:National Volunteer Fire Council
865:
859:
834:
483:
286:National Volunteer Fire Council
1794:Kneller, Ryan (May 16, 2019).
771:
662:The Times of Northwest Indiana
656:Pete, Joseph S. (2014-04-15).
626:
196:Sears Home Appliance Showrooms
1:
2330:2019 mergers and acquisitions
1858:Sears Home Appliance Showroom
1039:Tyko, Kelly (April 8, 2019).
594:
566:Sears Home Appliance Showroom
1398:Tyko, Kelly (May 25, 2022).
1302:Coleman, Kali (2022-12-28).
990:. 2013-11-22. Archived from
193:Sears Appliance and Hardware
7:
1666:(Press release). 2014-11-21
1484:(Press release). 2015-05-26
1356:www.searshometownstores.com
709:Scott, Damon (2014-01-30).
686:The Bakersfield Californian
328:
227:Outlet Stores was based in
10:
2346:
2184:Homart Development Company
1435:Chavez, Jon (2014-02-07).
1330:Singer, Lou (2013-09-24).
715:Albuquerque Business First
518:A Sears Outlet store near
507:
492:
264:
156:(49 states, Puerto Rico),
2315:Hoffman Estates, Illinois
2199:Pace Membership Warehouse
2149:
2126:National Tire and Battery
2066:
2030:
1969:
1948:
1922:
1905:
586:
229:Hoffman Estates, Illinois
209:
184:
176:
163:
147:
128:
122:Hoffman Estates, Illinois
116:
104:Sears Outlet acquired by
100:
81:
63:
43:
33:
24:
16:Defunct American retailer
1915:, Chairman (major owner)
898:Crain's Chicago Business
137:491 Hometown (June 2019)
2194:Orchard Supply Hardware
2141:Sears Roebuck de México
2121:Martha Stewart Everyday
866:LLC, Transform Holdco.
180:$ 1.719 billion (2017)
54:: SHOS (2012–2019)
779:"Sears H&O 2019Q1"
552:Make-A-Wish Foundation
523:
140:126 Outlet (June 2019)
69:; 12 years ago
57:Russell Microcap Index
1863:Sears Hardware Stores
1848:Sears Hometown Stores
1689:Sears Hardware Stores
517:
489:Sears Hometown Stores
87:; 4 years ago
85:October 23, 2019
2096:Dean Witter Reynolds
1940:Richard Warren Sears
1935:Alvah Curtis Roebuck
1148:The Lewiston Tribune
1019:The Conway Daily Sun
2325:Corporate spin-offs
2152:acquired properties
1997:Harry B. Cunningham
1207:The Virginian-Pilot
958:Amarillo Globe-News
351:in thousands USD$
346:in thousands USD$
341:in thousands USD$
130:Number of locations
67:April 23, 2012
21:
2204:PayLess Drug Store
1982:Joseph E. Antonini
1906:Current management
872:www.prnewswire.com
524:
504:Sears Outlet Store
96:(original company)
19:
2267:
2266:
2179:The Great Indoors
2017:Edward R. Telling
1987:Edward A. Brennan
1753:Hudson, Candice.
619:Ocala Star-Banner
481:
480:
221:
220:
2337:
2239:Sports Authority
2081:American Freight
2007:W. Bruce Johnson
1977:James B. Adamson
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1801:The Morning Call
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1691:. Archived from
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1123:amp.usatoday.com
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784:. Archived from
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560:American Freight
520:Portland, Oregon
333:
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300:Transform Holdco
242:Transform Holdco
217:
110:Transform Holdco
95:
93:
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70:
29:
22:
18:
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2164:Builders Square
2151:
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2111:Kmart Australia
2086:Coldwell Banker
2062:
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1992:Charles Conaway
1965:
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1073:Chicago Tribune
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2012:Aylwin Lewis
1930:S. S. Kresge
1853:Sears Outlet
1820:. Retrieved
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1621:. 2014-07-11
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1552:. 2012-08-13
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848:. 2019-10-25
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117:Headquarters
34:Company type
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2229:Sears Tower
2150:Defunct and
2053:Shopyourway
638:www.sec.gov
149:Area served
2274:Categories
2244:Tele-Games
2234:Silvertone
2174:Gala-Sears
2116:Lands' End
2058:Toughskins
2002:Floyd Hall
1822:2014-08-17
1780:2017-06-02
1760:2014-08-17
1699:2018-01-11
1670:2015-06-02
1649:2014-11-19
1625:2014-11-19
1604:2014-11-19
1583:2014-11-19
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1535:2014-11-19
1508:2015-09-08
1488:2015-06-03
1467:2014-11-19
1446:2014-08-17
1361:2019-08-07
1352:"Shopping"
1337:2014-08-17
1313:2022-12-30
1285:2022-12-24
1213:2019-09-21
1183:2019-06-03
1153:2019-04-16
1128:2019-04-16
1104:2019-04-16
1079:2019-04-11
1052:2019-04-11
1025:2018-11-18
998:2014-08-17
964:2014-08-17
937:2014-08-17
905:2014-08-17
878:2020-01-28
852:2020-01-28
846:HBS Dealer
764:2014-08-17
743:2014-08-17
720:2014-08-17
692:2014-08-17
667:2014-08-17
595:References
537:Lands' End
465:1,719,951
445:2,070,056
425:2,287,788
405:2,356,033
385:2,421,562
365:2,453,606
354:Employees
344:Net income
165:Key people
92:2019-10-23
74:2012-04-23
2131:OfficeMax
2091:Craftsman
2068:Spin-offs
2048:Thom McAn
2043:Joe Boxer
1949:Retailers
1308:Best Life
1046:USA Today
530:In 1968,
522:, in 2017
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408:−168,805
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46:Traded as
2076:Allstate
1923:Founders
1528:HuffPost
1406:June 15,
1383:June 15,
544:spun off
471:412,688
468:−95,057
451:468,426
431:633,833
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411:645,722
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371:785,803
329:Finances
273:spun off
233:spun off
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2101:DieHard
2038:Kenmore
1402:. Axios
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826:July 7,
816:Chicago
811:WBBM-TV
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210:Website
177:Revenue
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