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HOFFMAN ESTATES, Ill., Jan. 6, 2014 (GLOBE NEWSWIRE) --
Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) has made its first appearance in
Entrepreneur magazine's 35
th Annual Franchise 500
® list placing at No. 161.
Noted as the world's first, best and most comprehensive franchise ranking, the Franchise 500 recognized Sears Hometown and Outlet Stores, Inc.for its exceptional performance in areas including financial strength and stability, growth rate, and size of the franchise system. Through its subsidiaries, Sears Hometown and Outlet Stores, Inc. offers four different store formats and three franchise opportunities, Sears Appliance & Hardware Stores, Sears Home Appliance Showrooms and Sears Outlet Stores.
"Placing in the top half of the Franchise 500 in our first year as a public company is truly an honor," said Scott Nichols, Director of Franchise Business Development at Sears Hometown and Outlet Stores, Inc. "Ranking so high on such a prestigious industry list is a testament to our amazing group of franchisees and the success of our controlled national expansion."
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. After the financial data is analyzed by an independent CPA, the franchises are given a cumulative score, and the 500 franchises with the highest scores become the Franchise 500 in ranking order.
Throughout its 35 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Sears Hometown and Outlet Stores, Inc.'s position on the ranking reinforces its strength in the industry.
"Compiling the Franchise 500every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress and acknowledge the companies that have risen to the top," says Amy Cosper, Vice President and editor in chief of
Entrepreneur. "Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success."
Since the franchising of the first Sears Home Appliance Showroom in 2009, Sears Appliance & Hardware Stores, Sears Home Appliance Showrooms and Sears Outlet Stores have grown collectively to more than 165 franchise locations. The three franchise opportunities focus on selling home appliances, hardware, tools, lawn and garden equipment, and more.