Sears Hometown and Outlet Stores Inc. is providing Oak Ridge area investors the opportunity to own and operate their own Sears Hometown Store.
“We’re looking for a highly motivated member of the Oak Ridge community who wants to operate a successful business and is customer-service oriented,” said Mike Jones, regional development manager for Sears Hometown Stores. “This is an outstanding opportunity for a dedicated individual to participate in the growth of one of America’s hottest retailers.”
Sears Hometown Stores typically occupy between 7,500 and 9,000 square feet of space and offer a wide-selection of top appliance brands such as Kenmore®, Maytag®, KitchenAid®, Whirlpool®, Bosch®, Frigidaire®, and GE®, plus a large assortment of lawn and garden equipment, Craftsman® tools, fitness equipment, and mattresses, at guaranteed lowest prices, by the company’s price match policy.
Through in-store kiosks, Sears Hometown Stores are able to offer the local community the full breadth of selection available on Sears.com. Local repair service is offered as well as product protection agreements and the promise of “Satisfaction Guaranteed or Your Money Back.”
“With the top national brands at guaranteed lowest prices, we want the new Sears Hometown Store to be the first choice for consumers in Oak Ridge for all of their needs around the home and for access to all the brands for which Sears is known,” said William Powell, senior vice president and chief operating officer at Sears Hometown and Outlet Stores Inc. “We believe our program is a winner for everyone involved. The owner has a chance to build a successful business, our customers can shop closer to home, and our brand reconnects with local consumers.”
The local owner is responsible for start-up and ongoing operating expenses associated with the store, including building or leasing a facility, providing in-store fixtures, hiring and training employees, payroll, and insurance. The Sears Authorized Hometown Store Program is not considered a franchise program because Sears does not require an individual to purchase inventory or pay an annual licensing fee. The stores are supported by the Sears retail network, which includes providing all inventory, advertising, point-of-sale computer systems, delivery, support, and training.
Since 1993, Sears has helped entrepreneurs successfully open Sears Hometown Stores in all 50 states. The new store in Oak Ridge will be one of 23 to operate in the state of Tennessee.
For additional information, please contact Mike Jones, regional development manager for Sears Hometown Stores, at (205) 432-8959 or visit www.ownasearsstore.com.
About Sears Hometown and Outlet Stores Inc.
Sears Hometown and Outlet Stores Inc. (NASDAQ: SHOS) is a national retailer primarily focused on selling home appliances, lawn and garden equipment, tools, and hardware. As of May 3, 2014, Sears Hometown and Outlet Stores Inc. and its dealers and franchisees operated 1,250 stores across all 50 states as well as in Puerto Rico and Bermuda. In addition to merchandise, Sears Hometown and Outlet Stores Inc. provide consumers with access to a full suite of services, including home delivery, installation, and extended service contracts.
Sears Hometown and Outlet Stores Inc. operates through two segments—the Sears Hometown and Hardware segment and the Sears Outlet segment. The Sears Hometown and Hardware segment’s stores are designed to provide customers with in-store and online access to a wide selection of national brands of home appliances, lawn and garden equipment, tools, sporting goods, and household goods, depending on the particular store. The Sears Outlet stores are designed to provide customers with in-store and online access to purchase new, one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned, overstocked, and scratched and dented products across a broad assortment of merchandise categories, including home appliances, apparel, mattresses, sporting goods, tools, and lawn and garden equipment at prices that are significantly lower than manufacturers’ suggested list prices.