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Stock impact report

Sears to start liquidation sales at these 26 stores this week [MarketWatch]

SEARS HOMETOWN & OUTLET (SHOS) 
US:NASDAQ Investor Relations: searshometownstores.com
Company Research Source: MarketWatch
Sears to start liquidation sales at these 26 stores this week Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., said it will begin “liquidation sales” this week in 26 stores that will close in late October. The large-format store closures include 21 Sears stores in 15 states and 5 Kmart stores in 3 states and Puerto Rico. “After careful review of where we are today, we believe the right course for the company is to accelerate the expansion of our smaller store formats which includes opening additional Home & Life stores and adding several hundred Sears Hometown stores after the Sears Hometown and Outlet transaction closes,” Transform Holdco said in a statement Friday. “Following these steps, we will continue to evaluate our network of Sears and Kmart stores and cannot rule out additional store closures in the near term.” Transform Holdco had made a bid to buy all of the Sears Hometown & Outlet Store stock that wasn’t Show less Read more
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