New Sears Hometown Store Opens in North Kingstown

Local Retailer Offers Top Brand Home Appliances, Lawn and Garden Equipment, Tools, Mattresses, and More at Guaranteed Lowest Price; Hosts Grand Opening Celebration March 28-29 With Discounts and Special Giveaways

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| Source: Sears Hometown and Outlet Stores, Inc.

NORTH KINGSTOWN, R.I., March 25, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) announces the opening of a new Sears Hometown Store located at 6655 Post Road in North Kingstown.

Celebrating its grand opening March 28-29, the Sears Hometown Store welcomes the local community to enjoy an additional discount of 10 percent off almost everything in the store* plus special giveaways, including a $10 gift card for the first 20 customers on Saturday, March 29.

Additionally, the store will host an official ribbon cutting ceremony at 11:30 a.m. on Saturday, March 29. Representatives from both the North Kingstown Chamber of Commerce and the Town Council will be in attendance.

Unlike most retail concepts, Sears Hometown Stores combine the value, selection and services associated with larger retail stores but are owned and operated by a member of the local community.

"We have the buying power of a large department store and the distinctiveness of an independently-owned retailer, offering our customers not only top-of-the-line products at the lowest prices but also superior customer service and a great in-store experience," said Thomas Iacobucci, owner of the Sears Hometown Store in North Kingstown.

The North Kingstown team is excited to provide customers with professional advice, exceptional service and real-time price checks to make sure they receive the guaranteed lowest price. This unique store format allows customers in small communities to have access to the great products and brands usually found only in Sears stores. For instance, the new Sears Hometown Store in North Kingstown is the only place in town where customers can find an incredible selection of the 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, electronics, mattresses and more.

If a product is not available in-stores, Sears Hometown Store associates can order customers any product from the entire merchandise selection offered by Sears, including apparel, footwear, jewelry and much more. Customers also have the option to order products online and pick them up in the store without a shipping charge. The North Kingstown store also offers Sears Nationwide Service, Parts and Installation.

The Sears Hometown Store in North Kingstown can be reached at (401) 885-1120 and is open Monday through Saturday from 9 a.m. to 7 p.m. and on Sunday from 11 a.m. to 4 p.m. To learn more about Sears Hometown Stores, visit www.searshometownstores.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 November 3, 2013, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,239 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.

* Subject to certain exclusions, as detailed in print ad promotions available in the store. Also, not available on price-matched merchandise.

MEDIA CONTACT: Alicia Aldrich
Phone Number: 847-945-1300
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