The ‘other Sears’ is being dragged down by the Sears Holdings bankruptcyCNN 01/14/2019
The Sears Hometown and Outlet chain was spun off from Sears Holdings with the strategy of distancing itself just enough from the latter to make its own way. As Sears Holdings slid toward bankruptcy, Sears Hometown’s management hoped it would in fact prosper as a result. But no dice. Shares of Sears Hometown and Outlet have lost more than 90 percent of their value since it went public in 2012, taking another steep dive since the Sears Holdings bankruptcy. Last month, the chain announced it would close as many of 100 of its 750 stores to reduce its debt.