real-time news and commentary for investors
Friday, Aug 30
Sears Hometown and Outlet Stores sinks after disappointing Q2
- The Q2 results of Sears Hometown and Outlet Stores (SHOS -16.2%) weren't very impressive after Home Depot (HD -0.7%) and Lowe's (LOW -1.1%) showed considerable strength during an overlapping period. Though the mix of electronics at Sears Hometown dragged down results, some market share appears to have been lost as well in hardware and lawn/garden.
- The company says it will focus on higher-margin appliance items in the back half of the year, a strategy that's been paying for retailers such as Conn's and Best Buy.