Monday, December 10, 2018

SHOS posts Q3 declines, plans store closings

Sears Hometown and Outlet Stores (SHOS) reported third quarter 2018 net sales of $339.1 million, more than a 12% drop from sales of $386 million in the third quarter of 2017.

During the third quarter consolidated comparable store sales decreased 0.2%. The lawn and garden category achieved a positive comp and outperformed the average comparable store sales. Tools, home appliances and mattress categories underperformed the average, the company said.. . . more