New Owner of Sears Outlet Stores in Corona and Ontario

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

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| Source: Sears Hometown and Outlet Stores, Inc.

LOS ANGELES, April 14, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) announces that the Sears Outlet Stores located at 492 N. Main St. in Corona and at 2401 Vineyard Ave. in Ontario, Calif. have a new owner, Tony Lutfi. To celebrate the grand re-opening of each location, both Stores welcome the local communities to stop by their respective locations from April 17th through the 20th and enjoy an additional discount of 10 percent off almost everything in the store*, plus special giveaways.

The Corona and Ontario locations are two of ten Sears Outlet Stores Lutfi and his team own and operate, in addition to 17 Sears Home Appliance Showrooms and three Sears Appliance & Hardware Stores.

"Having quickly become the go-to shopping destination in both Corona and Ontario, we wanted to show our appreciation for the warm welcome with a celebration to thank our customers for their continued support," said Lutfi. "Providing superior service and quality products at the lowest prices is an experience our customers have grown to expect from their local Sears Outlet Store and we look forward to continuing to provide them with that high standard."

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 Stores in Corona and Ontario can be reached at 951-340-4271 and 909-923-5961 respectively and are both 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:  Mary Hedge
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