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Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, and tools. [3] [4] The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. [5]
These theories were confirmed in January 1987, when Mobil stated they would be looking into spinning off the company in the near future. In March 1988, the company management undertook a successful $3.8 billion (~$8.45 billion in 2023) leveraged buyout, making Montgomery Ward a privately held company. [20]
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