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TheStreet Open House

New Owner Of Oceanside Sears Outlet Store

Stocks in this article: SHOS

OCEANSIDE, Calif., April 14, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) announces that the Sears Outlet Store located at 2505-B Vista Way in Oceanside, Calif. has a new owner, Tony Lutfi. To celebrate its grand re-opening, the Sears Outlet Store of Oceanside welcomes the local community to stop by April 17 th through the 20 th and enjoy an additional discount of 10 percent off almost everything in the store*, plus special giveaways.

The Oceanside location is one of ten Sears Outlet Stores Lutfi and his team own and operate, in addition to 17 Sears Home Appliance Showrooms and three Sears Appliance & Hardware Stores.

"Superior customer service and quality products are part of the personalized shopping experience the residents of Oceanside have come to expect from our Store," said Lutfi. "With the buying power of a large department store and the distinctiveness of an independently-owned retailer, we're able to offer our customers great products at the lowest prices, with an exceptional in-store experience. We look forward to continuing to share this with our Oceanside customers."

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. Each location provides customers in-store and online access to new, one-of-a-kind, discontinued, used, 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.

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