Sears Hometown & Outlet Stores Announces Outlet Store Franchise Opportunity
America's Favorite Retailer Offers 45+ Years of Operational Excellence to
HOFFMAN ESTATES, Ill., July 1, 2013 (GLOBE NEWSWIRE) -- As consumers continue
to shop with a bargain-driven mentality, Sears Hometown and Outlet Stores,
Inc. (Nasdaq:SHOS) (the "Company") is providing entrepreneurs across the
nation with an opportunity to serve these consumers with the launch of the
Sears Outlet franchise opportunity.
The franchise opportunity is now available nationwide, with the first three
franchised stores recently opened in Houston, Texas by local owner Stephen
Stark. In addition to the three Sears Outlet locations, Stark was also the
first franchisee to open stores for each of the Company's three other store
formats. He currently owns 12 Sears Home Appliance Showrooms, one Sears
Appliance & Hardware Store and one Sears Hometown Store.
"It's not often that you get to own your own business with Sears on the
outside of the building, so when the franchise opportunity arose, I jumped on
it," said Stark, who began his career with the Sears brand in 1990 as a store
manager. "There is tremendous value in each of the store formats. Plus, the
ongoing support from the home office allows me the time to focus on keeping
all of my current stores healthy while still pursuing new opportunities and
expanding my portfolio."
The retail franchise is continuing to attract business-savvy, experienced,
multi-unit operators seeking to diversify their portfolio and offer high-value
brands at rock-bottom prices. Sears Outlet stores offer a unique business
opportunity with valuable brand recognition for entrepreneurs interested in a
"The Sears Outlet Stores have been providing customers with convenience and
accessibility to great products they need and want at tremendous value for
over 45 years," said Bruce Johnson, president and CEO of Sears Hometown and
Outlet Stores. "The format is quite successful and franchising select stores
is a logical next step in its evolution. With this new opportunity, we're
giving entrepreneurs the opportunity to serve customers with their own stores
and with the support of a successful national retailer."
The Sears Outlet store franchise opportunity offers entrepreneurs the chance
to own a retail business without the responsibility of sourcing inventory. Our
franchising model provides owners with their entire merchandise inventory on
consignment to alleviate the burden of inventory selection, financing and
transportation logistics. This great benefit allows owners to focus on product
sales, customer service, and growing their businesses.
Each Sears Outlet store, on average, offers shoppers more than 18,000 square
feet of retail space stocked with hundreds of items marked significantly lower
than manufacturers' suggested retail prices. Each location provides customers
in-store and online access to new, one-of-a-kind, out-of-carton, discontinued,
used, reconditioned, overstocked, and cosmetically blemished products across a
broad assortment of merchandise categories—including home appliances, lawn and
garden equipment, apparel, mattresses, sporting goods and tools.
For more information about Sears Hometown & Outlet Stores, Inc., including
Sears Outlet stores, please visit www.shos.com. To learn about the opportunity
to own and operate a Sears Outlet store or other store format, please visit
About Sears Hometown and Outlet Stores, Inc.
Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) is a national retailer
primarily focused on selling home appliances, lawn and garden equipment, tools
and hardware. As of February 2, 2013, Sears Hometown and Outlet Stores and its
dealers and franchisees operated 1,245 stores across all 50 states as well as
in Puerto Rico and Bermuda.
In addition to merchandise, Sears Hometown and Outlet Stores, Inc. provides
consumers with access to a full suite of services, including home delivery,
installation and extended service contracts.
Sears Hometown and Outlet Stores, Inc. operates through two segments—the Sears
Hometown and Hardware segment and the Sears Outlet segment. The Sears Hometown
and Hardware segment's stores are designed to provide customers with in-store
and online access to a wide selection of national brands of home appliances,
lawn and garden equipment, tools, sporting goods and household goods,
depending on the particular store. The Sears Outlet stores are designed to
provide customers with in-store and online access to purchase new,
one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned,
overstocked and scratched and dented products across a broad assortment of
merchandise categories, including home appliances, apparel, mattresses,
sporting goods, tools and lawn and garden equipment at prices that are
significantly lower than manufacturers' suggested retail prices.
CONTACT: Candice Hudson, Fishman Public Relations, at
(847) 945-1300 or firstname.lastname@example.org,
or visit our corporate website at www.shos.com.
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