In an effort to stage a comeback, Sears unveiled a new, small-format store called Sears Home & Life. Three locations are now open in Overland Park, Kan.; Lafayette, La., and Anchorage, Alaska. The new stores will typically be around 10,000 to 15,000 sq. ft., which is significantly smaller than Sears’ traditional stores, which are in the 150,000-sq.-ft. range. (The Anchorage store is only 7,500 sq. ft).
The concept won’t carry any apparel, but instead will sell major and small kitchen appliances, tools, mattresses and home services. . . . more