New Owner of Clearwater Sears Outlet Store

SHOS

Local Retailer Hosts Grand Re-Opening Celebration April 17 through April 20 With Discounts and Special Giveaways

CLEARWATER, Fla., April 15, 2014 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) announces that the Sears Outlet Store located at 5251 110th Avenue North in Clearwater, Fla. has a new owner, Ahmed El-Hawary. To celebrate its grand re-opening, the Sears Outlet Store of Clearwater welcomes the local community to stop by April 17 through April 20 and enjoy an additional discount of 10 percent off almost everything in the store*, plus special giveaways.

The Clearwater location is one of seven Sears Outlet Stores El-Hawary owns and operates.

"We look forward to becoming more involved in the Clearwater community. This celebration is an opportunity for us to connect and thank local residents for their continued support," El-Hawary said. "Our goal is to simplify the Outlet shopping experience by providing exceptional customer service and a personalized in-store visit so customers can find exactly what they need and want."

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.

The Sears Outlet Store in Clearwater can be reached at 727-573-5811 and is open Monday through Saturday from 9 a.m. to 9 p.m. and on Sunday from 10 a.m. to 7 p.m. To learn more about Sears Outlet Stores, visit http://www.searsoutlet.com/.

About Sears Hometown and Outlet Stores, Inc.

Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS) is a national retailer primarily focused on selling home appliances, lawn and garden equipment, tools and hardware. As of February 1, 2014, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,260 stores across all 50 states as well as in Puerto Rico and Bermuda. In addition to merchandise, Sears Hometown and Outlet Stores, Inc. provide consumers with access to a full suite of services, including home delivery, installation and extended service contracts.

Operating through two segments—the Sears Hometown and Hardware segment and the Sears Outlet segment—Sears Hometown and Outlet Stores, Inc. and its subsidiaries offer franchise and dealership opportunities focused on selling, as applicable, top brand home appliances, hardware, tools, lawn and garden equipment and outlet merchandise. For more information about Sears Hometown & Outlet Stores, Inc., visit www.shos.com. To learn about the opportunity to own and operate a store format, visit www.ownasearsstore.com.

* Subject to certain exclusions, as detailed in print ad promotions available in the store. Also, not available on price-matched merchandise.

CONTACT: MEDIA CONTACT:  Tori Unger
         Phone Number:  847-945-1300
         Email Address: vunger@fishmanpr.com

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