HOFFMAN ESTATES, Ill., Jan. 21,
2022 /PRNewswire/ -- Today, Transformco announced that
it will permanently close the Sears store located at 901 North
Federal Highway in Ft. Lauderdale,
Fla. effective at end of business today. Additionally,
Transformco has sold the land site adjacent to the store where it
has operated for the past several decades to RK Centers, which is
planning a mixed-use development for the site.
"We want to thank the loyal customers in the Ft. Lauderdale area for their many years of
support and remind them to shop at our other Florida locations and on sears.com," said
Jesse Gonzalez, Vice President of
Store Operations at Sears.
Transformco's go-forward store strategy for Sears and Kmart is
to operate a diversified portfolio consisting of a small number of
larger, premier stores with a larger number of small format stores
– combined with its Shop Your Way rewards program, online
marketplace and buy online, pick up in store capabilities. The
company will continue to explore both Hometown Stores and Home
& Life stores in cities and towns that previously had larger
format stores.
In addition to this retail and real estate strategy,
Transformco's business has evolved with an emphasis on growth of
the Home Services business; brands such as Kenmore and as a
licensee of DieHard; and Fintech through its Shop Your Way rewards
program.
About Transformco
Transformco is a privately held
company with five core businesses: A real estate portfolio of 51.4
million square feet; Sears Home Services, the nation's
largest appliance repair provider; the Shop Your
Way® loyalty and credit card program; Transform Brands, home
of Kenmore and a licensee of DieHard; and Sears and Kmart
full-line stores, specialty stores and online operations.
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SOURCE Transformco