Monday, September 23, 2019

With acquisitions pending, Sears Hometown hemorrhages sales

Retail Dive
Sears Hometown and Outlet Stores second quarter sales fell 44.3% year over year to $168.6 million, as comparable sales declined by nearly 22%.

The massive sales losses come on the heels of agreements inked in recent months to sell the Hometown business to the reconstituted Sears, and the Outlet business to the parent company of Liberty Tax Service. Both deals are expected to close in October, according to a press release.. . . more