New Sears Outlet Store Opens in Fayetteville

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


FAYETTEVILLE, N.C., Dec. 15, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) recently opened its newest Sears Outlet Store in North Carolina on December 11, 2014 at 1240 Ireland Drive in Fayetteville.

The Fayetteville location marks the ninth opening of a new Sears Outlet Store this year and the 28th opening of a new store across all of Sears Hometown and Outlet Stores formats.

"With the holidays approaching, customers will appreciate the tremendous value and savings at the new Sears Outlet Store in Fayetteville," said Ken Whitlock, store manager of the new Sears Outlet Store in Fayetteville. "The community can expect a new level of convenience and accessibility to great products they need and want – all at entry-level pricing from exclusive brands that typically can only be found in Sears stores. We look forward to forging new community partnerships and building relationships with other local businesses, organizations and community groups."

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 Fayetteville can be reached at (910) 483-0798 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 November 1, 2014, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,257 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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