New Owner at Sears Outlet Stores in Tempe and Gilbert

Local Retailers Host Grand Re-Opening Celebrations April 17-20 With Discounts and Special Giveaways

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| Source: Sears Hometown and Outlet Stores, Inc.

PHOENIX, April 14, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) announces that the Sears Outlet Stores in Tempe and Gilbert, Ariz. have a new owner, Keith Edquist. To celebrate the grand re-openings, both stores welcome the local community to stop by April 17-20 and enjoy an additional discount of 10 percent off almost everything in the store*, plus special giveaways.

The Tempe and Gilbert locations are two of three Sears Outlet Stores Edquist owns and operates, in addition to seven Sears Home Appliance Showrooms.

"It's a great feeling to be able to offer the local community a wide variety of merchandise that they need and want at a tremendous value," Edquist said, noting that many of the brands his locations carry are exclusive to Sears stores. "With our inventory constantly changing, our goal is to simplify the Outlet shopping experience by providing exceptional service and personalized in-store visits so customers can find exactly what they're looking for."

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. Each location provides customers in-store and online access to new, one-of-a-kind, discontinued, used, 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 Tempe, which is located at 5000 Arizona Mills Circle, Suite 625, can be reached at (480) 456-6946. The Sears Outlet Store in Gilbert, which is located at 857 North Val Vista Drive, can be reached at (480) 633-7197. Both stores are 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 February 1, 2014, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,260 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: Jayne Levy
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