Topics regarding layoffs at Sears Hometown & Outlet Stores Inc.
All of the Sears Outlet stores (no longer owned by Sears) will be renamed to American Freight. They will also drop tools and lawn and garden supplies from their product... — read more
I know an ex Sears hometown district manager and he pretty much told me he had to quit because of the pressure from upper management telling him to lie to the hometown owners about all the vendor and supply issues....he told me he was told to say... — read more
Took a little trip to Sears in Central Los Angeles to check out some deals. Wow! The store now carries total off-brand merchandise. Stuff you'd find in Fallas Paredes or at the Fashion District a few miles away. My take is that its vendors no longer... — read more
Federal Realty Investment Trust FRT recently announced acquisition of the Kmart lease at Assembly Square Marketplace in Somerville, MA, for $14.5 million. The move comes as part of the company’s efforts to gain control and capitalize on future... — read more
What I never understood why this format has been very unprofitable for SHOS. Profit margins at similar hardware sectors are usually 30-40%. I know the investment of inventory is high and the product turns are slow but some locations were very... — read more
Looks like we are not going to be spared in the Sears downfall. This might be only one store, but it is probably just the beginning. I'm starting to think that anything with Sears name attached to it is cursed. Maybe we should have changed our name... — read more
Curious if anyone has the current store count including transition stores?
I keep hearing rumors of more layoffs at store level coming. Someone even said as soon as this Thursday. Anyone know anything on this?
Or, is this a different company? Why separate here