Even as it dwindles down its full-line stores to a semi-precious few it seems to be counting on its much smaller Hometown Stores for its future
Transformco said it"will continue to expand both Hometown Stores and Home & Life stores in cities and towns that previously had larger format stores." It also is"very focused on growing sears.com and the Sears Home Services business,” it added in its statement to USA Today.
All of these stores, which have operated under different names over the years, were once controlled completely by the former Sears Holdings but were sold in part to outsiders only to be bought back by a Transformco affiliate last year. With so few full-line locations remaining and these smaller stores being essentially owned by others, Transformco’s top line would seem to be a mere fraction of what Sears Holdings was at its peak in 2006 when it did just over $53 billion in annual sales according to Statista.com. The research company estimates 2020 volume at $3.3 billion but it certainly seems as it will finish 2021 much lower. Transformco is private and does not release its financial information.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why the Grammys care if Kacey Musgraves is country (and why you're too smart to)The Recording Academy found itself in hot water this week when word got out that the industry group had barred Kacey Musgraves’ “Star-Crossed” from consideration in the country album category at the 64th Grammy Awards.
Read more »
Your store may run out of fish sticks—here's whySome 26 million tonnes of Alaska pollock are sat in storage over a customs dispute.
Read more »
Dick and Angel Strawbridge explain why Escape to the Chateau will never air on French televisionThe home renovation show has captivated viewers around the world, but one country that you will never see the show air is the place the husband and wife duo now call home
Read more »
Why Kristin Cavallari ‘Made It Clear’ She’s Single Amid Dating RumorsKristin Cavallari has been linked to a few men, including Chase Rice, since her split from Jay Cutler in April 2020 — exclusive details
Read more »
Why GOP Sen. McConnell lost debt clash and could lose filibusterAfter Mitch McConnell blinks in Congress' debt showdown, MSNBC’s Ari Melber and Obama vet Chai Komanduri discuss what the clash reveals about McConnell’s weakness.
Read more »
Opinion | Why Black Lives Got LongerFrom WSJopinion: The central divide in America’s racial politics is over whether the country has made any progress at all. The racial difference in longevity fell by half in the generation before Covid.
Read more »