Cañon City’s Sears Hometown Store won’t be affected by bankruptcy

Cañon City’s Sears Hometown Store will not be affected by the recent bankruptcy announcement by Sears Holdings.

USA Today reported that Sears Holdings plans to close another 142 unprofitable stores, as part of its Chapter 11 bankruptcy, on top of 46 store closings announced in August. Liquidation sales at the additional stores are expected to begin within two weeks, according to a court filing.

John Hazen, the owner of Sears Hometown Store that is located at 1700 Rainbow Drive, said Sears Hometown and Outlet Stores, Inc. has not filed for bankruptcy and is not part of the Chapter 11 bankruptcy filing by Sears Holdings Corporation.

Hazen wants customers to know that the business isn’t planning on going anywhere, and they’ll still be taken care of the same.

A statement from Sears Hometown and Outlet Stores, Inc. says it is a publicly owned company traded on Nasdaq (Symbol: SHOS) that separated from Sears Holdings in 2012.

“It remains business as usual at all of our locations, which include more than 750 retail stores in 49 states across the nation, which are operated by us, our dealer owners and franchisees,” the statement says. “We currently operate stores under various brand names including Sears Hometown, Sears Appliance & Hardware, Sears Home Appliance Showroom, Sears Outlet and Buddy’s Home Furnishings franchise.”

The two Sears stores in Colorado that are part of the new store closings, according to the court filing, include those at 10785 W. Colfax Ave. in Lakewood and 7001 S. University Blvd. in Centennial.