Sears makes first appearance on Entrepreneur Franchise 500 list
BAXTER — Sears Hometown and Outlet Stores Inc. made its first appearance in Entrepreneur magazine’s 35th Annual Franchise 500 list placing at No. 161.
Noted as the world’s first, best and most comprehensive franchise ranking, the Franchise 500 recognized Sears Hometown and Outlet Stores Inc. for exceptional performance in areas, including financial strength and stability, growth rate, and size of the franchise system.
Through its subsidiaries, Sears Hometown and Outlet Stores Inc. offers four different store formats and three franchise opportunities, Sears Appliance & Hardware Stores, Sears Home Appliance Showrooms and Sears Outlet Stores.
“Placing in the top half of the Franchise 500 in our first year as a public company is truly an honor,” said Scott Nichols, director of Franchise Business Development at Sears Hometown and Outlet Stores Inc. in a news release. “Ranking so high on such a prestigious industry list is a testament to our amazing group of franchisees and the success of our controlled national expansion.”
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. After the financial data is analyzed by an independent certified public accountant, the franchises are given a cumulative score, and the 500 franchises with the highest scores become the Franchise 500 in ranking order.
Throughout its 35 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs.
“Compiling the Franchise 500 every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress and acknowledge the companies that have risen to the top,” says Amy Cosper, vice president and editor in chief of Entrepreneur. “Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success.”