With the recent change by U.S. Securities and Exchange Commission, corporations are now required to disclose its financial condition. Sears Holding Corporation was one of the first corporations to disclose, since its fiscal year ends in January.
However, in the concern of the financial condition of Sears Holding Corporation, many are confusing the corporation with Sears Hometown and Outlet.
“We’re two separate entities. If something was to happen to Sears Holding Corporation, we are unaffected by it,” said Bob Vogel, District Manager of Sears Hometown and Outlet.
All Sears Hometown and Outlet stores were separated from Sears Holding Corporation in 2012.
Vogel said in essence all Sears Hometown and Outlet does is to lease the name “Sears” and some equipment from the holding corporation. But that will change as of June, Vogel said.
Dan Drilling, who owns the Sears Hometown and Outlet store in Little Falls with his wife, Nancy, said it is frustrating that the news about the holding corporation makes people think he will need to close his store.
In reality, the Drillings are currently remodeling their store to serve their customers even better.
“We want to assure our customers that we’re here to stay and we’re going to continue to provide Little Falls and the surrounding communities with the same great products, exceptional customer service and wonderful store experience they have come to expect from us,” Dan said.
Dan said he and Nancy pride themselves in providing customers access to a wide variety of home appliances, lawn and garden equipment, tools and hardware.