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Sears Hometown and Outlet Stores hits reset button

  • It's time for Sears Hometown and Outlet Stores (SHOS -0.3%) to evolve its retail strategy, according to execs.
  • 51 stores will be revamped to change their layouts and include more appliances.
  • The changes should be completed in April.
  • The battle for appliance sales in the U.S. has stepped up over the last year with Conn's, Home Depot, Lowe's, and Best Buy all refining strategy.
  • Shares of SHOS are down 72% since the business was set loose from Sears Holdings in 2013.

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SHOS--
Sears Hometown and Outlet Stores, Inc.