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Sears bids Hometown, Outlet, hardware stores goodbye in spinoff

Sears bids Hometown, Outlet, hardware stores goodbye in spinoff

Sears Holdings Corp., one of several struggling big-box retailers, is splitting off more than 1,000 Hometown, Outlet and hardware stores as a separate, public company. The spinoff will affect 1,238 stores total. Sears Hometown and Outlet Stores, Inc. will trade under the “SHOS” symbol on Nasdaq. The new company will sell home appliances, hardware, tools and lawn and garden equipment, according to a filing with the Securities and Exchange Commission. The Hometown stores are mostly independently owned, based in smaller communities and often offering proprietary Sears products such as Kenmore, Craftsman and DieHard. The Outlet stores – 122 of them as of late April –...

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