Sears Hometown and Outlet Stores

Sears Hometown and Outlet Stores Inc.
Company typePublic
Nasdaq: SHOS (2012–2019)
Russell Microcap Index component
FoundedApril 23, 2012; 12 years ago (2012-04-23)
DefunctOctober 23, 2019; 4 years ago (2019-10-23) (original company)
FateSears Outlet acquired by Franchise Group with the rest of the company acquired by Transform Holdco.
Headquarters
Hoffman Estates, Illinois
Number of locations
  • 491 Hometown (June 2019)[1]
  • 126 Outlet (June 2019)[1]
Area served
United States (49 states, Puerto Rico), Bermuda
Key people
Will Powell (CEO)
Revenue$1.719 billion (2017) [2]
Subsidiaries
  • Sears Appliance and Hardware
  • Sears Home Appliance Showrooms
  • Sears Hometown
  • Sears Outlet
WebsiteLast snapshot of archived website

Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, & tools.[3][4] The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms.[5] Sears Hometown and Outlet Stores was based in Hoffman Estates, Illinois.[6] Sears Hometown and Outlet Stores was founded in April 2012.[6] The company was a spun off from Sears Holdings in 2012.[5][7] 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.[8] On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores. As per the deal, Sears Hometown needed to divest its Sears Outlet division to gain approval.[9] The company ceased to exist on October 23, 2019, when Franchise Group acquired the Sears Outlet division[10] and Transform Holdco acquired the rest of the company.[11]

The company's former subsidiary, Sears Hometown 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.

  1. ^ a b Cite error: The named reference osb-2019jul26 was invoked but never defined (see the help page).
  2. ^ "Sears Hometown and Outlet Stores, Inc". www.sec.gov.
  3. ^ Pete, Joseph S. (2014-04-15). "New owners buy Sears Outlet Store in Portage". The Times of Northwest Indiana. Retrieved 2014-08-17.
  4. ^ "Worth noting in business: Sears Outlet store opens on White Lane". The Bakersfield Californian. 2014-02-10. Retrieved 2014-08-17.
  5. ^ a b Scott, Damon (2014-01-30). "Sears Outlet store coming to ABQ's Westside". Albuquerque Business First. Retrieved 2014-08-17.
  6. ^ a b "Sears Hometown and Outlet Stores Inc". Retrieved 2014-08-17.
  7. ^ Oleinic, Alexandr (2014-04-21). "Edward Lampert Buys More Shares of Sears Hometown and Outlet Stores Inc (SHOS)". Retrieved 2014-08-17.
  8. ^ "Sears H&O 2019Q1" (PDF). Archived from the original (PDF) on 2019-08-07.
  9. ^ "Sears Parent Co. Buying Sears Hometown And Outlet Stores". WBBM-TV. Chicago: CBS Corporation. June 3, 2019. Retrieved July 7, 2019.
  10. ^ "As expected, Sears Outlet changes hands". HBS Dealer. 2019-10-25. Retrieved 2020-01-28.
  11. ^ LLC, Transform Holdco. "Transform Holdco LLC To Acquire Sears Hometown And Outlet Stores, Inc". www.prnewswire.com (Press release). Retrieved 2020-01-28.