Sears Hometown and Outlet Stores Inc. said its loss widened in the final quarter of the year as sales at comparable stores edged lower and it booked charges related to franchisee receivables and IT investments.
Illinois-based retailer was spun off from Sears Holdings Corp. in 2012
and sells home appliances, hardware and lawn equipment, among other
items. The company operates in two segments-Sears Hometown and Sears
Outlet. It has been struggling with a highly promotional retail
environment lately.. . . more