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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]
Sears, Roebuck and Co., commonly known as Sears (/ s ɪər z / SEERZ), [5] is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
As a part of the deal, Sears Hometown may need to divest its Sears Outlet division to gain regulatory approval. [5] At the time of the announcement, Sears Hometown and Outlet Stores had 491 Hometown stores and 126 Outlet stores in 49 states, Puerto Rico and Bermuda. [51] 98% of the Hometown stores are owner operated franchise operations. [52]
In 2012, parent Sears Holdings spun off Sears Outlet along with Sears (Authorized) Hometown Stores, Sears Home Appliance and Showroom Stores, and Sears Appliance and Hardware Stores to form Sears Hometown and Outlet Stores, Inc (SHOS). The new company became its own independent, publicly traded company listed on NASDAQ.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Sears_Hometown_%26_Outlet_Stores&oldid=639553628"https://en.wikipedia.org/w/index.php?title=Sears_Hometown_%26
Sears Hometown and Outlet Stores – a subsidiary of Sears that operated a series of more specialized department stores. In 2012, these stores were spun off into an independent company. Sears Hometown (formerly Sears Dealer Store) – a chain of smaller, free-standing stores located in smaller markets that did not support full-sized Sears ...
This is a list of department stores of the United States currently operating. ... Sears; Sears Hometown and Outlet Stores; Kmart; Public Corporate chains (national)
On December 18, 2011, Sears Holdings Corp closed the Broomfield, CO store. [5] On February 23, 2012, Sears Holdings Corp. announced it would be closing the remaining nine stores. [6] On July 8, 2012, Sears Holdings Corp closed the Lone Tree, CO store. [7] On August 14, 2019, the Sears Outlet operating in the former Great Indoors in Novi, MI closed.
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