Sears Hometown Stores Inc., a franchise-owned spinoff from Sears, has filed for Chapter 11 bankruptcy protection
The “other Sears” is in financial turmoil, just like its more famous parent company. Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. Transformco reacquired the company after it bought Sears out of bankruptcy in 2019.
Sears Hometown never stopped depending on Sears Holdings for just about everything. Most its goods, logistics and advertising support came from Sears Holdings. At one point, Sears Hometown had better prospects than the main Sears chain, because it focused on home products and its smaller size is “more optimal than the huge department stores,” noted Neil Saunders, managing director at GlobalData Retail, in a note to clients Tuesday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Adam Scott, Naomi Campbell, Aubrey Plaza among the celebrities honoring this year's CNN Heroes | CNNCNN's Anderson Cooper and ABC's Kelly Ripa are co-hosting the 16th Annual CNN Heroes All-Star Tribute, premiering live at 8 p.m. ET. They will be joined by more than a dozen celebrities, including actors Adam Scott of 'Severance' and Aubrey Plaza of 'The White Lotus' and supermodel and activist Naomi Campbell.
Baca lebih lajut »
CNN Poll: Americans are split over confidence in incoming House GOP majority or Biden | CNN PoliticsAmericans divide almost evenly over whether they have more confidence in the newly empowered Republicans in the US House of Representatives (51%) or in President Joe Biden (49%) to deal with the major issues facing the country today, according to a new CNN poll conducted by SSRS.
Baca lebih lajut »
Upon a Burning Body delivers searing hometown performance at San Antonio's Tech Port CenterThe San Antonio-formed band delved into a deep catalog of melodic-yet-crushing material while the frenzied crowd ate it all up. SanAntonio SATX SanAntonioTX SanAntonioMusic TexasMusic Metal Metalcore
Baca lebih lajut »
Leaked tape turns LA City Council member into a fugitive in his hometownMaking a rare public appearance, Los Angeles City Council Member Kevin de León was doling out free turkey in his district when he was forced to make an abrupt exit — protesters were on the way
Baca lebih lajut »
Pasadena photographer depicts hometown through a loving lens at first public showcasePhotographer Joe Robles put on his first public showcase in Strawberry Park, which is...
Baca lebih lajut »