West Corona Welcomes New Sears Outlet Store

Local Retailer Offers Broad Assortment of Merchandise Marked Significantly Lower than Manufacturers' Suggested Retail Prices


WEST CORONA, Calif., June 18, 2015 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) recently opened its newest California Sears Outlet Store at 1208 Magnolia Avenue in West Corona. The West Corona location marks the 8th opening of a new Sears Outlet Store this year and the 23rd opening of a new store across all of Sears Hometown and Outlet Stores formats.

Unlike most retail concepts, Sears Outlet Stores combine the value, selection and services associated with larger retail stores but are owned and operated by a member of the local community. The West Corona location is one of 21 Sears Outlet Stores Tony Lutfi and his team own and operate, in addition to 17 Sears Home Appliance Showrooms and two Sears Appliance & Hardware Stores.

"With the buying power of a large department store and the distinctiveness of an independently-owned retailer, we're able to offer our customers great products at the lowest prices, with an exceptional in-store experience," Lutfi stated. "We look forward to sharing this with our Corona customers."

Each Sears Outlet Store, on average, offers shoppers more than 18,000 square feet of retail space stocked with hundreds of items marked significantly lower than manufacturers' suggested retail prices. Sears Outlet provides customers in-store and online access to new, one-of-a-kind, discontinued, reconditioned, overstocked, and cosmetically blemished products across a broad assortment of merchandise categories—including home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools.

In addition to discontinued and special-buy products, Sears Outlet offers reconditioned merchandise that undergoes a stringent testing process and, when necessary, have cosmetic parts replaced and/or repaired before becoming approved to be an Outlet Certified item. Customers purchasing a Certified Appliance or other item from a Sears Outlet Store should expect significant discounts off the original retail price, a fully functional and operational unit, and the assurance that the unit still meets Sears quality standards as the nation's leading retailer of appliances and appliance-related products. Customers also benefit from delivery and installation services offered by Sears Outlet.

The Sears Outlet Store in West Corona can be reached at (951) 340-4269 and is open Monday through Saturday from 9 a.m. to 9 p.m. and on Sunday from 10 a.m. to 7 p.m. To learn more about Sears Outlet Stores, visit http://www.searsoutlet.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 2, 2015, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,248 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.

Operating through two segments—the Sears Hometown and Hardware segment and the Sears Outlet segment—Sears Hometown and Outlet Stores, Inc. and its subsidiaries offer franchise and dealership opportunities focused on selling, as applicable, top brand home appliances, hardware, tools, lawn and garden equipment and outlet merchandise. For more information about Sears Hometown & Outlet Stores, Inc., visit www.shos.com. To learn about the opportunity to own and operate a store format, visit www.ownasearsstore.com.



            

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