Transformco said it"will continue to expand both Hometown Stores and Home & Life stores in cities and towns that previously had larger format stores." It also is"very focused on growing sears.com and the Sears Home Services business,” it added in its statement to USA Today.
All of these stores, which have operated under different names over the years, were once controlled completely by the former Sears Holdings but were sold in part to outsiders only to be bought back by a Transformco affiliate last year. With so few full-line locations remaining and these smaller stores being essentially owned by others, Transformco’s top line would seem to be a mere fraction of what Sears Holdings was at its peak in 2006 when it did just over $53 billion in annual sales according to Statista.com. The research company estimates 2020 volume at $3.3 billion but it certainly seems as it will finish 2021 much lower. Transformco is private and does not release its financial information.
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