The “other Sears” is in financial turmoil, just like its more famous parent company. Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. Transformco reacquired the company after it bought Sears out of bankruptcy in 2019.
Sears Hometown never stopped depending on Sears Holdings for just about everything. Most its goods, logistics and advertising support came from Sears Holdings. At one point, Sears Hometown had better prospects than the main Sears chain, because it focused on home products and its smaller size is “more optimal than the huge department stores,” noted Neil Saunders, managing director at GlobalData Retail, in a note to clients Tuesday.
Sears has been dead since the 90's... it just took a while for their CEO to bleed them dry.
Please be the voice of Mohammad Mehdi Karami. He is only 22 years old, innocent and tortured to confess to a murder crime he didn’t commit. He is in danger of execution. MohammadMehdiKarami محمدمهدی_کرمی IranRevolution
Dude. Sears just needs to give it up.