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If you purchased shares of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
March 22, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) was announced over potential breaches of fiduciary duties by certain officers and directors at Sears Hometown and Outlet Stores Inc.
The investigation by a law firm concerns whether certain Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS officers and directors breached their fiduciary duties.
Sears Hometown and Outlet Stores Inc reported that its Total Revenue declined from over $2.42 billion for the 52 weeks period that ended on February 1, 2014 to over $2.35 billion for the 52 weeks period that ended on January 31, 2015 and that its Net Income of $35.55 million for the 52 weeks period that ended on February 1, 2014 declined to a Net Loss of $166.81 million for the 52 weeks period that ended on January 31, 2015.
Shares of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) declined from $55.62 per share in May 2013 to as low as $5.06 per share on February 9, 2016.
