Topic summary
Sears Hometown
Extracted from the Wikipedia article Sears.
2018–present: Bankruptcy and current operations
On June 3, 2019, the company announced that Transform Holdco would acquire Sears Hometown & Outlet Stores. As per deal, it might need to divest its Sears Outlet division to gain approval. On August 7, 2019, it was announced that 26 stores would close that October, including 21 Sears stores, among them the last Sears stores in Alabama and West Virginia, at Riverchase Galleria in Hoover and at Huntington Mall in Barboursville, respectively. The announcement also included plans 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." On August 31, 2019, management announced that Transform would close an additional 92 stores, including 15 Sears stores, by the end of 2019. Near the end of 2019, Sears sold the brand name DieHard to Advance Auto Parts for $200 million.