After filing for bankruptcy six months ago, Sears is all set to open small stores called Sears Home & Life that will focus on home goods.
The retailer announced recently that it will open three stores this May in Anchorage, Alaska; Overland Park, Kansas; and Lafayette, Louisiana.
Unlike the existing Sears department stores which measure more than 100,000 square feet, the new ones will be smaller, measuring only about 15,000 square feet.
“We are here to serve these communities and this is part of our strategy to maintain a presence in markets where we have right-sized our footprint. Sears Home & Life supports our strategic plan to become a stronger, more profitable business and these test stores will enable us to learn and improve as we move forward.” – Peter Boutros, Chief Brand Officer, Sears and Kmart
Since emerging from bankruptcy, the company’s goal aligns with building small-format stores that sell appliances, tools and mattresses, as well as expanding its existing brands. Its DieHard battery brand will be expanded into new categories for lawn and garden equipment, which will be available in the new stores too.
Sears is also selling its brands beyond its stores. It’s been selling more Kenmore appliances on Amazon and offering installation services for tires purchased on the eCommerce platform.
The retailer has managed to keep 220 Sears and 205 Kmart stores open after its former CEO and now chairman, Eddie Lampert, bought the company’s assets for $5.2 billion.
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