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Delisting companies: Sears Hometown and Outlet Stores (SHOS)

Sears Hometown and Outlet Stores, Inc. (NASDAQ:SHOS) was founded on April 23, 2012 and is headquartered in Hoffman Estates, Illinois, USA. It has 1,511 full-time employees and is an American retail company. The company sells household appliances, lawn and garden equipment, clothing, mattresses, sporting goods and tools.

Update:

On June 3, 2019, Transform Holdco LLC announced that it would acquire Sears Hometown and Outlet Stores, which has now been delisted.

Sears Hometown and Outlet Stores

Sears Hometown and Outlet Stores (SHOS):

Sears Hometown and Outlet Stores, Inc. is not part of Sears Holdings Corporation’s bankruptcy filing and continues to operate under the name Sears Hometown and Outlet Stores.

Sears Hometown and Outlet Stores, Inc. is a national retailer that sells household appliances, hardware, tools, and lawn and garden equipment. The company is divided into 2 departments to operate: Sears Hometown and Hardware (Sears Hometown and Hardware) and Sears Outlet (Sears Outlet).

  • Sears Hometown and Hardware : 1) Operate Sears Hometown Stores, providing products and services in various commodity categories, including household appliances, lawn and gardening equipment, tools, sporting goods and household goods; 2) Operate Sears Hardware Stores (Sears Hardware Store) provides products and services in various commodity categories, such as household appliances, lawn and gardening equipment, tools, other home decoration products, fasteners, electrical appliances and plumbing; 3) Operate Sears Home Appliance Showrooms (Sears household appliances showroom) provide household appliances and related services in shops mainly located in business centers and life centers in metropolitan areas.
  • Sears Outlet : Provides in-store and online access to purchase merchandise value products in various commodity categories. The main products sold in this department are defective, discontinued, second-hand, refurbished, overstocked, scratched and dented products , A wide range of product categories and commodity categories, including: household appliances, lawn and garden equipment, clothing, mattresses, sporting goods and tools, prices are far below the manufacturer’s suggested retail prices. The department also sells its products and services through searsoutlet.com.

As of August 4, 2018, Sears Hometown and Outlet Stores and its distributors and franchisees operated 783 stores in 49 U.S. states, Puerto Rico and Bermuda.

In May 2019, Sears Hometown and Outlet Stores and its independent distributors and independent franchisees opened 639 stores in 49 states, Puerto Rico and Bermuda.

Financial data (thousand dollars):

years

Operating income

Net profit

Total assets

Number of employees

Number of stores

2013

2,453,606

60,080

785,803

4,935

1,245

2014

2,421,562

35,550

847,185

4,485

1,260

2015

2,356,033

−168,805

645,722

3,634

1,260

2016

2,287,788

−27,261

633,833

4,053

1,160

2017

2,070,056

−131,919

468,426

3,600

1,020

2018

1,719,951

−95,057

412,688

2,962

900

Sears Hometown and Outlet Stores (SHOS) History:

  • Sears Holdings split Sears Hometown and Outlet Stores in 2012 in an attempt to restore profitability and increase shareholder confidence. Sears Holdings has divested more than 1,100 Sears Hometown and 122 outlet stores. Sears Hometown is a small hardware and appliance store run by independent retailers. Outlet Stores sell Sears products at discounted prices. Outlet stores are about 18,000 square feet, equipped with appliances, lawn and gardening equipment, clothing, mattresses, sporting goods and tools. Outlet stores sell discontinued, second-hand, defective or refurbished new parts.
  • Sears Hometown and Outlet Stores teamed up with the National Volunteer Fire Protection Committee in November 2013 to raise funds for the local fire department. The purpose of the event is to provide funds for the fire station to improve resources for training, equipment and financial support.
  • On October 15, 2018, Sears Holdings filed for bankruptcy protection; Sears Hometown and Outlet Stores were unaffected by the spin-off from Sears since 2012.

Sears Hometown and Outlet Stores (SHOS) investment:

On June 3, 2019, Transform Holdco LLC announced that it would acquire Sears Hometown and Outlet Stores, which has now been delisted.

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