December 28, 2022
By News Director Jared Atha
Liquidation sales are underway at 115 Sears Hometown stores across 36 states and Puerto Rico, including its store in Elk City.
Discounts are being offered on name-brand home appliances, tools, lawn and garden items and other inventory worth approximately $40 million, the company said in a release.
Hoffman Estates, Illinois-based Sears Authorized Hometown Stores LLC and affiliated debtor Sears Hometown Inc. filed for Chapter 11 bankruptcy protection on Dec. 12 in the U.S. Bankruptcy Court for the District of Delaware.
Joint-venture partners Tiger Capital Group, SB360 Capital Partners and B. Riley Retail Solutions are managing the wind-down sales.
In a statement, Arnold L. Jacobs, executive managing director at Tiger Capital Group said “These 8,000- to 10,000 square-foot stores are filled with in-demand tools and home appliances. Everything from Craftsman socket sets, Workpro power tools and Kenmore washing machines, to Honda riding lawnmowers, Eureka vacuum cleaners and DieHard tool cabinets.”
He concluded by saying discounts of up to 40% are being offered.
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