Tag Archives: Bruce Johnson

Sears Hometown and Outlet Net Falls in Q1

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Lagging sales, especially for comparable stores, led to a 75.5 percent dropoff in first-quarter net income for Sears Hometown and Outlet Stores, to $3.7 million. Net sales in the quarter, which ended on May 3, were down 1.9 percent to $589.9 million. Same-store sales for the company as a whole fell 6.2 percent,More »

Q2 Net Falls 56.6 Percent for Sears Hometown & Outlet Stores

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Increased expenses offset a slight uptick in sales for Sears Hometown & Outlet Stores, resulting in a shortfall in net income of 56.6 percent, to $9.1 million. Selling, general and administrative expenses were up 5.5 percent in dollars and 68 basis points as a percentage of sales, to 19.9 percent. The retail companyMore »