Sears Hometown & Outlet Stores (SHOS) 10-Q 5 Jun 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	3 Months Ended
	2-May-15	Jun. 01, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	2-May-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Sears Hometown & Outlet Stores, Inc.
Entity Central Index Key	1548309
Current Fiscal Year End Date	-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		22,735,849

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15	3-May-14
NET SALES	$582,769	$589,854
COSTS AND EXPENSES
Cost of sales and occupancy	442,410	445,955
Selling and administrative	134,502	135,279
Depreciation	1,861	2,288
Total costs and expenses	578,773	583,522
Operating income	3,996	6,332
Interest expense	-781	-934
Other income	682	680
Income before income taxes	3,897	6,078
Income tax expense	-1,747	-2,399
NET INCOME	$2,150	$3,679
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO STOCKHOLDERS
Basic (in dollars per share)	$0.09	$0.16
Diluted (in dollars per share)	$0.09	$0.16
Basic weighted average common shares outstanding (in shares)	22,666	22,666
Diluted weighted average common shares outstanding (in shares)	22,666	22,666

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	2-May-15	Jan. 31, 2015	3-May-14
In Thousands, unless otherwise specified
CURRENT ASSETS
Cash and cash equivalents	$27,393	$19,746	$23,145
Accounts and franchisee receivables, net	20,422	15,456	23,233
Merchandise inventories	438,895	442,743	493,203
Prepaid expenses and other current assets	19,220	19,350	13,146
Total current assets	505,930	497,295	552,727
PROPERTY AND EQUIPMENT, net	50,613	50,708	50,303
GOODWILL	0	0	167,000
LONG-TERM DEFERRED TAXES	56,209	54,273	50,489
OTHER ASSETS, net	42,518	43,446	42,668
TOTAL ASSETS	655,270	645,722	863,187
CURRENT LIABILITIES
Short-term borrowings	30,000	84,100	98,100
Payable to Sears Holdings Corporation	101,156	61,089	86,170
Accounts payable	24,825	14,888	21,038
Other current liabilities	73,002	60,938	59,090
Current portion of capital lease obligations	117	147	490
Total current liabilities	229,100	221,162	264,888
CAPITAL LEASE OBLIGATIONS	206	176	62
OTHER LONG-TERM LIABILITIES	1,935	2,098	4,047
TOTAL LIABILITIES	231,241	223,436	268,997
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY
TOTAL STOCKHOLDERS' EQUITY	424,029	422,286	594,190
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$655,270	$645,722	$863,187

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	2-May-15	3-May-14
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$2,150,000	$3,679,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,861,000	2,288,000
Share-based compensation	-407,000	286,000
Provision for losses on franchisee receivables	364,000	0
Change in operating assets and liabilities:
Accounts and franchisee receivables	-4,567,000	-6,340,000
Merchandise inventories	3,848,000	-11,096,000
Payable to Sears Holdings Corporation	40,067,000	17,774,000
Accounts payable	9,937,000	-3,091,000
Customer deposits	1,518,000	-1,685,000
Deferred income taxes	55,000	2,440,000
Other operating assets	-1,384,000	317,000
Other operating liabilities	10,383,000	210,000
Net cash provided by operating activities	63,825,000	4,782,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	-2,078,000	-3,940,000
Net cash used in investing activities	-2,078,000	-3,940,000
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of capital lease obligations	0	-172,000
Net short-term borrowings (payments)	-54,100,000	-1,000,000
Net cash used in financing activities	-54,100,000	-1,172,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	7,647,000	-330,000
CASH AND CASH EQUIVALENTSbBeginning of period	19,746,000	23,475,000
CASH AND CASH EQUIVALENTSbEnd of period	27,393,000	23,145,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	834,000	822,000
Cash paid (refunded) for income taxes	($5,015,000)	$105,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings (Deficit) [Member]
In Thousands, unless otherwise specified
Beginning balance at Feb. 01, 2014	$590,225	$228	$547,021	$42,976
Beginning balance, Shares at Feb. 01, 2014		22,753
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,679			3,679
Share-based compensation	286	-1	287
Share-based compensation, Shares		-3
Ending balance at May. 03, 2014	594,190	227	547,308	46,655
Ending balance, Shares at May. 03, 2014		22,750
Beginning balance at Jan. 31, 2015	422,286	227	547,888	-125,829
Beginning balance, Shares at Jan. 31, 2015		22,736
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,150			2,150
Share-based compensation	-407		-407
Ending balance at May. 02, 2015	$424,029	$227	$547,481	($123,679)
Ending balance, Shares at May. 02, 2015		22,736

Background_and_Basis_of_Presen

Background and Basis of Presentation	3 Months Ended
	2-May-15
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION
	Background
	Sears Hometown and Outlet Stores, Inc. is a national retailer primarily focused on selling home appliances, hardware, tools, and lawn and garden equipment. As of May 2, 2015 the Company or its dealers and franchisees operated a total of 1,248 stores across all 50 states and in Puerto Rico and Bermuda. In these notes and elsewhere in this Quarterly Report on Form 10-Q the terms “we,” “us,” “our,” “SHO,” and the “Company” refer to Sears Hometown and Outlet Stores, Inc. and its subsidiaries.
	The Separation
	The Company separated from Sears Holdings Corporation (“Sears Holdings”) in October 2012 (the “Separation”). Effective upon the Separation, Sears Holdings ceased to own shares of our common stock, and thereafter our common stock began trading on the NASDAQ Stock Market under the trading symbol “SHOS.”
	Basis of Presentation
	These unaudited condensed consolidated financial statements include the accounts of Sears Hometown and Outlet Stores, Inc. and its subsidiaries, all of which are wholly owned. These unaudited condensed consolidated financial statements do not include all of the information and footnotes required in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, all adjustments (which include normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the fiscal quarter ended May 2, 2015 are not necessarily indicative of the results that may be expected for the full fiscal year. These financial statements and related notes should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2015.
	We operate through two segments--our Sears Hometown and Hardware segment ("Hometown") and our Sears Outlet segment ("Outlet").
	Our fiscal-year end is the Saturday closest to January 31 each year. Our first fiscal-quarter end is the Saturday closest to April 30 each year.
	Variable Interest Entities and Consolidation
	The Financial Accounting Standards Board ("FASB") has issued guidance on variable interest entities and consolidation for determining whether an entity is a variable interest entity as well as the methods permitted for determining the primary beneficiary of a variable interest entity. In addition, this guidance requires ongoing reassessments of whether a company is the primary beneficiary of a variable interest entity and disclosures related to a company’s involvement with a variable interest entity.
	On an ongoing basis the Company evaluates its business relationships, such as those with its dealers, franchisees, and suppliers, to identify potential variable interest entities. Generally, these businesses either qualify for a scope exception under the consolidation guidance or, where a variable interest exists, the Company does not possess the power to direct the activities that most significantly impact the economic performance of these businesses. The Company has not consolidated any of such entities in the periods presented.
	Fair Value of Financial Instruments
	We determine the fair value of financial instruments in accordance with standards pertaining to fair value measurements. Such standards define fair value and establish a framework for measuring fair value under GAAP. Under fair value measurement accounting standards, fair value is considered to be the exchange price in an orderly transaction between market participants to sell an asset or transfer a liability at the measurement date. We report the fair value of financial assets and liabilities based on the fair value hierarchy prescribed by accounting standards for fair value measurements, which prioritizes the inputs to valuation techniques used to measure fair value into three levels, as follows:
	Level 1 inputs—unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access. An active market for the asset or liability is one in which transactions for the asset or liability occurs with sufficient frequency and volume to provide ongoing pricing information.
	Level 2 inputs—inputs other than quoted market prices included in Level 1 that are observable, either directly or indirectly, for the asset or liability. Level 2 inputs include, but are not limited to, quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable for the asset or liability, such as interest-rate curves and yield curves observable at commonly quoted intervals, volatilities, credit risks, and default rates.
	Level 3 inputs—unobservable inputs for the asset or liability.
	Cash and cash equivalents (level 1), accounts and notes receivable, short-term debt (level 2), merchandise payables, and accrued expenses are reflected in the Condensed Consolidated Balance Sheets at cost, which approximates fair value due to the short-term nature of these instruments. For short-term debt, the variable interest rates are a significant input in our fair value assessments. The carrying value of long-term notes receivable approximates fair value.
	We measure certain non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis.
	The Company was not required to measure any other significant non-financial asset or liability at fair value as of May 2, 2015.
	Recent Accounting Pronouncements
	Consolidation
	In February 2015, the Financial Accounting Standards Board ("FASB") issued an accounting standards update which revises the consolidation model. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership, affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships, and provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Extraordinary and Unusual Items
	In January 2015, the FASB issued an accounting standards update which eliminates the concept of an extraordinary item. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Presentation of Financial Statements - Going Concern
	In August 2014, the FASB issued an accounting standards update which requires management to assess whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. If substantial doubt exists, additional disclosures are required. This update will be effective for the Company in the fourth quarter of 2016. The adoption of the new standard is not expected to have a material impact on the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Revenue from Contracts with Customers
	In May 2014, the FASB issued an accounting standards update which replaces the current revenue recognition standards. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update will be effective for the Company in the first quarter of 2017 and may be applied retrospectively for each period presented or as a cumulative-effect adjustment at the date of adoption. The Company is evaluating the effect of adopting this new standard and has not yet determined the method by which the standard will be adopted.
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
	In April 2014, the FASB issued an accounting standards update which modifies the requirements for disposals to qualify as discontinued operations and expands related disclosure requirements. The update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.

Accounts_and_Franchisee_Receiv

Accounts and Franchisee Receivables and Other Assets	3 Months Ended
	2-May-15
Receivables [Abstract]
Accounts and Franchisee Receivables and Other Assets	ACCOUNTS AND FRANCHISEE RECEIVABLES AND OTHER ASSETS
	Accounts and franchisee receivables and other assets consist of the following:
		May 2,
		2015
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	6,809		$	3,569		$	10,378
	Miscellaneous receivables	11,039			2,161			13,200
	Long-term franchisee receivables	19,715			28,551			48,266
	Other assets	1,798			252			2,050
	Provision for losses on short-term franchisee receivables (1)	(3,147		)	(9		)	(3,156		)
	Provision for losses on long-term franchisee receivables (1)	(7,719		)	(79		)	(7,798		)
	Total Accounts and franchisee receivables and other assets	$	28,495		$	34,445		$	62,940
		May 3,
		2014
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	2,734		$	2,196		$	4,930
	Miscellaneous receivables	15,445			2,858			18,303
	Long-term franchisee receivables	20,582			19,391			39,973
	Other assets	2,495			200			2,695
	Total Accounts and franchisee receivables and other assets	$	41,256		$	24,645		$	65,901
		January 31,
		2015
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	6,169		$	3,652		$	9,821
	Miscellaneous receivables	6,316			2,540			8,856
	Long-term franchisee receivables	20,678			28,652			49,330
	Other assets	1,973			290			2,263
	Provision for losses on short-term franchisee receivables (1)	(3,212		)	(9		)	(3,221		)
	Provision for losses on long-term franchisee receivables (1)	(8,068		)	(79		)	(8,147		)
	Total Accounts and franchisee receivables and other assets	$	23,856		$	35,046		$	58,902
	(1) The Company recognizes a provision for losses on franchisee receivables (which consist primarily of franchisee promissory notes) in an amount equal to estimated probable losses net of recoveries. The provision is based on an analysis of expected future write-offs, existing economic conditions, and an assessment of specific identifiable franchisee promissory notes and other franchisee receivables considered at risk or uncollectible. The expense associated with the provision for losses on franchisee receivables is recognized as selling and administrative expense. Most of our franchisee promissory notes authorize us to deduct debt service from our commissions otherwise due and payable to the franchisees, and we routinely make those deductions to the extent of available commissions payable. We established the provision for losses on franchisee receivables during the 2014 fiscal year based on our receivable-by-receivable assessment that some of the franchisee receivables were potentially uncollectible in future periods due to (a) declining results of operations of, or other adverse financial events with respect to, Hometown franchise stores that indicated that the franchisees might not be able to meet their debt-service and other obligations to us as they became due and (b) the refusal during the year of one of our Hometown franchisees to continue to operate its franchise stores in accordance with the franchisee's agreements with us. We have commenced litigation that seeks to recover approximately $4.4 million on guarantees with respect to some of the 2014 losses, but we cannot predict whether we will recover any monies.

Provision_for_Losses_on_Franch

Provision for Losses on Franchisee Receivables	3 Months Ended
	2-May-15
Receivables [Abstract]
Provision for Losses on Franchisee Receivables	PROVISION FOR LOSSES ON FRANCHISEE RECEIVABLES
	The provision for losses on Franchisee Receivables, which was established in fiscal 2014, consists of the following:
	Thousands	2-May-15			3-May-14		31-Jan-15
	Provision for losses on franchisee receivables, beginning of period	$	11,368		$	—	$	—
	Expense accruals during the period	364			—		13,055
	Write off of franchisee receivables	(778		)	—		(1,687		)
	Provision for losses on franchisee receivables, end of period	$	10,954		$	—	$	11,368

Other_Current_and_LongTerm_Lia

Other Current and Long-Term Liabilities	3 Months Ended
	2-May-15
Payables and Accruals [Abstract]
OTHER CURRENT AND LONG-TERM LIABILITIES	OTHER CURRENT AND LONG-TERM LIABILITIES
	Other current and long-term liabilities consist of the following:
	Thousands	May 2,		May 3,		January 31,
		2015		2014		2015
	Customer deposits	$	31,758	$	33,862	$	30,241
	Sales and other taxes	15,855		13,690		12,458
	Accrued expenses	20,601		8,551		16,265
	Payroll and related items	4,685		7,034		4,072
	Store closing, severance, and executive transition costs	2,038		—		—
	Total Other current and long-term liabilities	$	74,937	$	63,137	$	63,036

Goodwill

Goodwill	3 Months Ended
	2-May-15
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL
	We recorded a $167.0 million non-cash goodwill impairment charge in the third quarter of fiscal 2014.
	We reviewed the Hometown Stores and Home Appliance Showrooms ("Hometown Reporting Unit") goodwill for impairment annually at the beginning of the fourth fiscal quarter and whenever events or changes in circumstances indicated the carrying value of goodwill may not be recoverable. The goodwill impairment test involved a two-step process. In the first step, SHO compared the fair value of the Hometown Reporting Unit to its carrying value. If the fair value of the Hometown Reporting Unit exceeded its carrying value, goodwill was not impaired and no further testing was required. If the fair value of the Hometown Reporting Unit was less than its carrying value, SHO performed the second step of the impairment test to measure the amount of impairment loss. In the second step, the Hometown Reporting Unit's fair value was allocated to all of the assets and liabilities of the Hometown Reporting Unit, including any unrecognized intangible assets, in a hypothetical analysis that calculates the implied fair value of goodwill in the same manner as if the Hometown Reporting Unit were being acquired in a business combination. If the implied fair value of the Hometown Reporting Unit's goodwill was less than its carrying value, the difference was recorded as a non-cash impairment loss.
	During the third quarter of fiscal 2014 we determined that sufficient indicators of potential impairment existed to require that we conduct an interim impairment analysis of the Hometown Reporting Unit's goodwill. These indicators included a significant and sustained decline in the recent trading values of SHO's stock, coupled with market conditions and business trends affecting the Hometown Reporting Unit. The primary operating factors were declines in revenue and profitability for fiscal 2014. Merchandise revenues in fiscal 2014 were impacted by the highly promotional environment, along with other factors that caused declines in comparable store sales and related profitability below expectations for the Hometown Reporting Unit.
	SHO estimated the fair value of the Hometown Reporting Unit using a weighting of fair values derived from the income approach and the market approach. Under the income approach, SHO calculated the fair value of the Hometown Reporting Unit based on the present value of the Hometown Reporting Unit's estimated future cash flows. The cash flow projections were based on management's estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. SHO used a discount rate that was based on a weighted average cost of capital adjusted for the relevant risk associated with the characteristics of the Hometown Reporting Unit and its projected cash flows. SHO's market approach used estimated fair values based on market multiples of revenue and earnings derived from comparable publicly traded companies with operating and investment characteristics that were comparable to the operating and investment characteristics of the Hometown Reporting Unit.
	Due to the complexity and the effort required to estimate the fair value of the Hometown Reporting Unit for the first step of the impairment test and to estimate the fair values of all assets and liabilities of the Hometown Reporting Unit for the second step of the impairment test, SHO used fair value estimates that were derived based on assumptions and analyses that are subject to change. SHO’s first-step evaluation concluded that the fair value of the Hometown Reporting Unit was substantially below its carrying value. Based on SHO's second-step analyses, the implied fair value of the Hometown Reporting Unit's goodwill was $0. As a result, a full impairment of goodwill was required and we recorded the $167.0 million non-cash goodwill impairment charge in the third quarter of fiscal 2014, which was reflected as "Impairment of goodwill" in the Condensed Consolidated Statements of Operations. The primary factor that contributed to the goodwill impairment loss was the aforementioned 2014 operating issues leading to less-optimistic forecasts for the remainder of fiscal 2014 and fiscal 2015 and the projected corresponding impact beyond those periods.

Income_Taxes

Income Taxes	3 Months Ended
	2-May-15
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES
	SHO and Sears Holdings have entered into a Tax Sharing Agreement that governs the rights and obligations of the parties with respect to pre-Separation and post-Separation tax matters. Under the Tax Sharing Agreement, Sears Holdings generally is responsible for any federal, state, or foreign income tax liability relating to tax periods ending on or before the Separation. For all periods after the Separation, the Company generally is responsible for any federal, state, or foreign tax liability. Current income taxes payable for any federal, state, or foreign income tax returns is reported in the period incurred.
	We account for uncertainties in income taxes according to accounting standards for uncertain tax positions. The Company is present in a large number of taxable jurisdictions and, at any point in time, can have audits underway at various stages of completion in one or more of these jurisdictions. We evaluate our tax positions and establish liabilities for uncertain tax positions that may be challenged by local authorities and may not be fully sustained, despite our belief that the underlying tax positions are fully supportable. Unrecognized tax benefits are reviewed on an ongoing basis and are adjusted in light of changing facts and circumstances, including progress of tax audits, developments in case law, and closings of statutes of limitation. Such adjustments are reflected in the tax provision as appropriate. For the 13 Weeks ended May 2, 2015 and May 3, 2014, no unrecognized tax benefits have been identified and reflected in the financial statements.
	We classify interest expense and penalties related to unrecognized tax benefits and interest income on tax overpayments as components of income tax expense. As no unrecognized tax benefits have been identified and reflected in the condensed consolidated financial statements, no interest or penalties related to unrecognized tax benefits are reflected in the condensed consolidated balance sheets or statements of operations.
	As of May 2, 2015 the Company's net deferred tax asset balance was $65.1 million compared to $55.6 million as of May 3, 2014 and $65.2 million as of January 31, 2015.

Related_Party_Agreements_and_T

Related Party Agreements and Transactions	3 Months Ended
	2-May-15
Related Party Transactions [Abstract]
RELATED-PARTY AGREEMENTS AND TRANSACTIONS	RELATED-PARTY AGREEMENTS AND TRANSACTIONS
	According to publicly available information ESL Investments, Inc. and investment affiliates (collectively, "ESL") beneficially own approximately 46% of our outstanding shares of common stock and approximately 56% of Sears Holdings' outstanding shares of common stock.
	SHO and Sears Holdings have entered into various agreements (the "SHO-Sears Holdings Agreements") that, among other things, (1) govern specified aspects of our relationship with Sears Holdings, (2) establish terms under which subsidiaries of Sears Holdings provide services to us, and (3) establish terms pursuant to which subsidiaries of Sears Holdings obtain merchandise inventories for us. The terms of the SHO-Sears Holdings Agreements were agreed to prior to the Separation in the context of a parent-subsidiary relationship and in the overall context of the Separation. The costs and allocations charged to the Company by Sears Holdings do not necessarily reflect the costs of obtaining the services from unaffiliated third parties or of the Company itself providing the applicable services. The Company engages in frequent discussions, and seeks to resolve disputes, with Sears Holdings about the terms and conditions of the SHO-Sears Holdings Agreements, the business relationships that are reflected in the SHO-Sears Holdings Agreements, and the details of these business relationships, many of which details are not addressed by the terms and conditions of the SHO-Sears Holdings Agreements or, if addressed, are in dispute as to their meaning or application in the context of the existing business relationships. Some of these discussions have resulted in adjustments to the relationships that the Company believes together are in Company's best interests. In many other instances the Company's dispute-resolution efforts, which are continuing, have yet to resolve the underlying disputes.
	The following is a summary of the nature of the related-party transactions between SHO and Sears Holdings:
	•	SHO receives commissions from Sears Holdings for specified sales of merchandise made through www.sears.com and www.searsoutlet.com, the sale of extended service contracts, delivery and handling services, and relating to the use in our stores of credit cards branded with the Sears name. For specified transactions SHO pays a commission to Sears Holdings.
	•	We obtain a significant amount of our merchandise inventories from Sears Holdings. We have a retailer's customary rights to return to Sears Holdings merchandise that is defective (except with respect to agreed-upon amounts of defective apparel that we purchase and then liquidate) or otherwise does not meet contract requirements. In addition, we may determine that an item of Outlet merchandise (usually merchandise that is not new in-box) we have received from Sears Holdings cannot be refurbished or reconditioned or is otherwise not in a physical condition to offer for sale to our customers. We and Sears Holdings (and our Outlet vendors generally) refer to an item of merchandise in this condition as "not saleable" or "non-saleable," and in the normal course we can return the item to Sears Holdings. We generally have comparable return rights with our other Outlet vendors.
	•	We pay royalties related to our sale of products branded with the KENMORE®, CRAFTSMAN®, and DIEHARD® marks (which marks are owned by subsidiaries of Sears Holdings, together the "KCD Marks").
	•	We pay fees for participation in Sears Holdings' SHOP YOUR WAY REWARDS® program.
	•	We have also entered into agreements with Sears Holdings for logistics, handling, warehouse, and transportation services, the charges for which are based generally on merchandise inventory units.
	•	Sears Holdings provides the Company with specified corporate services. These services include accounting and finance, human resources, and information technology, among other services. Sears Holdings charges the Company for these corporate services based on actual usage or pro rata charges based upon sales, head count, or other measurements.
	•	Sears Holdings leases stores and distribution/repair facilities to the Company, for which the Company pays rent and related occupancy charges to Sears Holdings.
	The following table summarizes the results of the transactions with Sears Holdings reflected in the Company’s Condensed Consolidated Financial Statements:
			13 Weeks Ended
			May 2,		May 3,
	Thousands		2015		2014
	Net Commissions from Sears Holdings		$	24,396	$	28,169
	Purchases related to cost of sales and occupancy (1)		359,354		387,186
	Services (1)		23,378		25,739
	(1) Amounts previously presented for the 13 Weeks ended May 3, 2014 within "Purchases related to cost of sales and occupancy" have been reclassified into "Services." The reclassified items were primarily costs associated with marketing. The reclassified amount for the 13 Weeks ended May 3, 2014 was $20.3 million.
	We incur payables to Sears Holdings for merchandise inventory purchases and service and occupancy charges (net of commissions) based on the SHO-Sears Holdings Agreements.  Amounts due to or from Sears Holdings are non-interest bearing and are settled on a net basis. We generally pay undisputed amounts within 10 days after the invoice date.

Financing_Arrangements

Financing Arrangements	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Financing Arrangements	FINANCING ARRANGEMENT
	As of May 2, 2015 we had $30.0 million outstanding under our asset-based senior secured revolving credit facility with a group of financial institutions (the "Senior ABL Facility”), which approximated the fair value of these borrowings. The Senior ABL Facility provides (subject to availability under a borrowing base) for maximum borrowings up to the aggregate commitments of all of the lenders, which as of May 2, 2015 totaled $250 million. Up to $75 million of the Senior ABL Facility is available for the issuance of letters of credit and up to $25 million is available for swingline loans. The Senior ABL Facility permits us to request commitment increases in an aggregate principal amount of up to $100 million. Availability under the Senior ABL Facility as of May 2, 2015 was $214.4 million, with $5.6 million of letters of credit outstanding under the facility.
	The principal terms of the Senior ABL Facility are summarized below.
	Senior ABL Facility
	Maturity; Amortization and Prepayments
	The Senior ABL Facility will mature on the earlier of (i) October 11, 2017 or (ii) six months prior to the expiration of our Merchandising Agreement with Sears Holdings (the "Merchandising Agreement"), our Services Agreement with Sears Holdings (the "Services Agreement"), and the other agreements with Sears Holdings or its subsidiaries in connection with the Separation that are specified in the Senior ABL Facility, unless such agreements have been extended to a date later than October 11, 2017 or terminated on a basis reasonably satisfactory to the administrative agent under the Senior ABL Facility.
	The Senior ABL Facility is subject to mandatory prepayment in amounts equal to the amount by which the outstanding extensions of credit exceed the lesser of the borrowing base and the commitments then in effect.
	Guarantees; Security
	The obligations under the Senior ABL Facility are guaranteed by us and each of our existing and future direct and indirect wholly owned domestic subsidiaries (subject to certain exceptions). The Senior ABL Facility and the guarantees thereunder are secured by a first priority security interest in assets of the borrowers and guarantors consisting primarily of accounts and notes receivable, inventory, cash, cash equivalents, deposit accounts and securities accounts, as well as certain other assets (other than intellectual property) ancillary to the foregoing and all proceeds of all of the foregoing, including cash proceeds and the proceeds of applicable insurance.
	Interest; Fees
	The interest rates per annum applicable to the loans under the Senior ABL Facility are based on a fluctuating rate of interest measured by reference to, at our election, either (1) an adjusted London inter-bank offered rate (LIBOR) plus a borrowing margin, which rate was approximately 2.18% at May 2, 2015 or (2) an alternate base rate plus a borrowing margin, with the borrowing margin subject to adjustment based on the average excess availability under the Senior ABL Facility for the preceding fiscal quarter, which rate was approximately 4.25% at May 2, 2015.
	Customary fees are payable in respect of the Senior ABL Facility, including letter of credit fees and commitment fees.
	Covenants
	The Senior ABL Facility includes a number of covenants that, among other things, limit or restrict our ability to, subject to specified exceptions, incur additional indebtedness (including guarantees), grant liens, make investments, make prepayments on other indebtedness, engage in mergers, or change the nature of our business.
	The Senior ABL Facility limits SHO's ability to declare and pay cash dividends and repurchase its common stock. SHO may declare and pay cash dividends to its stockholders and may repurchase stock if the following conditions are satisfied: either (a) (i) no specified default then exists or would arise as a result of the declaration or payment of the cash dividend or as a result of the stock repurchase, (ii) SHO and its subsidiaries that are also borrowers have demonstrated to the reasonable satisfaction of the agent for the lenders that monthly availability (as determined in accordance with the Senior ABL Facility), immediately following the declaration and payment of the cash dividend or the stock repurchase and as projected on a pro forma basis for the twelve months following and after giving effect to the declaration and payment of the cash dividend or the stock repurchase, would be at least equal to the greater of (x) 25% of the Loan Cap (which is the lesser of (A) the aggregate commitments of the lenders and (B) the borrowing base) and (y) $50,000,000, and (iii) after giving pro forma effect to the declaration and payment of the cash dividend or the stock repurchase as if it constituted a specified debt service charge, the specified consolidated fixed charge coverage ratio, as calculated on a trailing twelve months basis, would be equal to or greater than 1.1:1.0, or (b) (i) no specified default then exists or would arise as a result of the declaration or payment of the cash dividend or the stock repurchase, (ii) payment of the cash dividend or the stock repurchase is not made with the proceeds of any credit extension under the Senior ABL Facility, (iii) during the 120-day period prior to declaration and payment of the cash dividend or the stock repurchase, no credit extension was outstanding under the Senior ABL Facility, and (iv) SHO demonstrates to the reasonable satisfaction of the agent for the lenders that, on a pro forma and projected basis, no credit extensions would be outstanding under the Senior ABL Facility for the 120-day period following the declaration and payment of the cash dividend or the stock repurchase. No default or event of default presently exists. At May 2, 2015 we did not meet either of the foregoing conditions and as a result the Senior ABL Facility does not permit us to pay cash dividends or repurchase our common stock.
	The Senior ABL Facility also contains affirmative covenants, including financial and other reporting requirements.
	Events of Default
	The Senior ABL Facility includes customary events of default including non-payment of principal, interest or fees, violation of covenants, inaccuracy of representations or warranties, cross default to certain other material indebtedness, bankruptcy and insolvency events, invalidity or impairment of guarantees or security interests, material judgments, change of control, failure to perform a "Material Contract" (which includes the Merchandising Agreement, the Services Agreement, and other SHO-Sears Holdings Agreements) to the extent required to maintain it in full force and effect, the failure to enforce a Material Contract in accordance with its terms, and Sears Holdings terminating the "Separation Agreements" (which include, among other SHO-Sears Holdings Agreements, the Merchandising Agreement and the Services Agreement).

Summary_of_Segment_Data

Summary of Segment Data	3 Months Ended
	2-May-15
Segment Reporting [Abstract]
SUMMARY OF SEGMENT DATA	SUMMARY OF SEGMENT DATA
	The Hometown reportable segment consists of the aggregation of our Hometown Stores, Hardware Stores, and Home Appliance Showrooms business formats described in “Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations-Executive Overview" of this Quarterly Report on Form 10-Q. The Outlet reportable segment also represents a business format. These segments are evaluated by our Chief Operating Decision Maker to make decisions about resource allocation and to assess performance. Each of these segments derives its revenues from the sale of merchandise and related services to customers, primarily in the U.S. The net sales categories include appliances, lawn and garden, tools and paint, and other (which includes initial franchise revenue of $0.5 million and $3.3 million for the 13 weeks ended May 2, 2015 and May 3, 2014, respectively). Initial franchise revenue consists of franchise fees paid with respect to new or existing Company-operated stores that we transfer to franchisees plus the net gain or loss on any related transfer of assets to the franchisees.
		13 Weeks Ended May 2, 2015
	Thousands	Hometown		Outlet			Total
	Net sales
	Appliances	$	254,912	$	140,765		$	395,677
	Lawn and garden	89,976		4,431			94,407
	Tools and paint	42,312		4,331			46,643
	Other	23,460		22,582			46,042
	Total	410,660		172,109			582,769
	Costs and expenses
	Cost of sales and occupancy	311,087		131,323			442,410
	Selling and administrative	93,804		40,698			134,502
	Depreciation	653		1,208			1,861
	Total	405,544		173,229			578,773
	Operating income (loss)	$	5,116	$	(1,120	)	$	3,996
	Total assets	$	460,297	$	194,973		$	655,270
	Capital expenditures	$	971	$	1,107		$	2,078
		13 Weeks Ended May 3, 2014
	Thousands	Hometown		Outlet			Total
	Net sales
	Appliances	$	245,526	$	137,528		$	383,054
	Lawn and garden	95,340		4,891			100,231
	Tools and paint	46,137		4,491			50,628
	Other	31,533		24,408			55,941
	Total	418,536		171,318			589,854
	Costs and expenses
	Cost of sales and occupancy	312,154		133,801			445,955
	Selling and administrative	98,837		36,442			135,279
	Depreciation	651		1,637			2,288
	Total	411,642		171,880			583,522
	Operating income (loss)	$	6,894	$	(562	)	$	6,332
	Total assets	$	658,267	$	204,920		$	863,187
	Capital expenditures	$	679	$	3,261		$	3,940

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	2-May-15
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	We are subject to various legal and governmental proceedings arising out of the ordinary course of business, the outcome of which, individually or in the aggregate, in the opinion of management, would not have a material adverse effect on our business, financial position, results of operations, or cash flows.

Income_Per_Common_Share

Income Per Common Share	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
INCOME PER COMMON SHARE	INCOME PER COMMON SHARE
	Basic income per common share is calculated by dividing net income by the weighted average number of common shares outstanding for each period. Diluted income per common share also includes the dilutive effect of potential common shares.
	The following table sets forth the components used to calculate basic and diluted income per common share attributable to our stockholders.
		13 Weeks Ended		13 Weeks Ended
		2-May-15		3-May-14
	Thousands except income per common share
	Basic weighted average shares	22,666		22,666
	Dilutive effect of restricted stock	—		—
	Diluted weighted average shares	22,666		22,666
	Net income	$	2,150	$	3,679
	Income per common share:
	Basic	$	0.09	$	0.16
	Diluted	$	0.09	$	0.16

Equity

Equity	3 Months Ended
	2-May-15
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY	EQUITY
	Stock-based Compensation
	Four million shares of the Company's common stock are reserved for issuance under the Company's Amended and Restated 2012 Stock Plan (the "Plan"). A total of 89,221 shares of restricted stock were granted under the Plan in the second quarter of 2013 to a group of eligible individuals (as defined in the Plan), all of whom were employees of the Company at the time of the grants. As of May 2, 2015, 18,974 shares of the original grant of 89,221 shares of restricted stock had been forfeited. During the first quarter of 2015 the Company granted a total of 159,475 stock units under the Plan to a group of eligible individuals, all of whom were employees of the Company at the time of the grants. None of the stock units had been forfeited as of May 2, 2015. We are authorized to grant stock options and to make other awards (in addition to restricted stock and stock units) to eligible plan participants pursuant to the Plan. The Company has made no stock-option awards under the Plan. Except for the 89,221 shares of restricted stock and the 159,475 stock units, the Company has made no other grants or awards under the Plan. We do not currently have a broad-based program that provides for awards under the Plan on an annual basis.
	We account for stock-based compensation using the fair value method in accordance with accounting standards regarding share-based payment transactions. During the first quarter of 2015 we recorded $(0.4) million in total compensation expense for the remaining 70,247 shares of restricted stock, including the reversal of approximately $0.6 million of compensation expense related to severance and executive transition costs, and $0.03 million in total compensation expense for the 159,475 stock units (all of which stock units are payable solely in cash based on our stock price at the vesting date and none of which had vested as of May 2, 2015). At May 2, 2015 we had $0.7 million in total unrecognized compensation cost related to the non-vested restricted stock, which cost we expect to recognize over approximately the next twelve months. At May 2, 2015, we had $1.1 million in total unrecognized compensation cost related to the 159,475 stock units, which cost we expect to recognize over approximately the next three years.
	The 70,247 shares of restricted stock will vest, if at all, on May 16, 2016 in accordance with and subject to the terms and conditions of restricted-stock agreements, including forfeiture conditions, and the Plan. The fair value of these awards is equal to the market price of our common stock on the date of grant. Changes in restricted-stock awards for 2015 were as follows:
		13 Weeks Ended May 2, 2015
	(Shares in Thousands)	Shares	Weighted-Average Fair Value on Date of Grant
	Beginning of year balance	70	$	44.45
	Granted	—	—
	Vested	—	—
	Forfeited	—	—
	Balance at 5/2/2015	70	$	44.45
	The 159,475 stock units will vest, if at all, on April 13, 2018 in accordance with and subject to the terms and conditions of stock unit agreements, including forfeiture conditions, and the Plan. The fair value of these awards will vary based on changes in our stock price at each reporting period.
	Share Repurchase Program
	On August 28, 2013 the Company's Board of Directors authorized a $25 million repurchase program for the Company's outstanding shares of common stock. The timing and amount of repurchases depend on various factors, including market conditions, the Company's capital position and internal cash generation, and other factors. The Company's repurchase program does not include specific price targets, may be executed through open-market, privately negotiated, and other transactions that may be available, and may include utilization of Rule 10b5-1 plans. The repurchase program does not obligate the Company to repurchase any dollar amount, or any number of shares, of common stock. The repurchase program does not have a termination date, and the Company may suspend or terminate the repurchase program at any time. At May 2, 2015 the Senior ABL Facility prohibited cash dividends and the repurchase of our common stock.
	Shares that are repurchased by the Company pursuant to the repurchase program will be retired and resume the status of authorized and unissued shares of common stock.
	No shares were repurchased during the 13 Weeks ended May 2, 2015. At May 2, 2015 we had approximately $12.5 million of remaining authorization under the repurchase program.

Background_and_Basis_of_Presen1

Background and Basis of Presentation (Policies)	3 Months Ended
	2-May-15
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities and Consolidation	Variable Interest Entities and Consolidation
	The Financial Accounting Standards Board ("FASB") has issued guidance on variable interest entities and consolidation for determining whether an entity is a variable interest entity as well as the methods permitted for determining the primary beneficiary of a variable interest entity. In addition, this guidance requires ongoing reassessments of whether a company is the primary beneficiary of a variable interest entity and disclosures related to a company’s involvement with a variable interest entity.
	On an ongoing basis the Company evaluates its business relationships, such as those with its dealers, franchisees, and suppliers, to identify potential variable interest entities. Generally, these businesses either qualify for a scope exception under the consolidation guidance or, where a variable interest exists, the Company does not possess the power to direct the activities that most significantly impact the economic performance of these businesses. The Company has not consolidated any of such entities in the periods presented.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	We determine the fair value of financial instruments in accordance with standards pertaining to fair value measurements. Such standards define fair value and establish a framework for measuring fair value under GAAP. Under fair value measurement accounting standards, fair value is considered to be the exchange price in an orderly transaction between market participants to sell an asset or transfer a liability at the measurement date. We report the fair value of financial assets and liabilities based on the fair value hierarchy prescribed by accounting standards for fair value measurements, which prioritizes the inputs to valuation techniques used to measure fair value into three levels, as follows:
	Level 1 inputs—unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access. An active market for the asset or liability is one in which transactions for the asset or liability occurs with sufficient frequency and volume to provide ongoing pricing information.
	Level 2 inputs—inputs other than quoted market prices included in Level 1 that are observable, either directly or indirectly, for the asset or liability. Level 2 inputs include, but are not limited to, quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable for the asset or liability, such as interest-rate curves and yield curves observable at commonly quoted intervals, volatilities, credit risks, and default rates.
	Level 3 inputs—unobservable inputs for the asset or liability.
	Cash and cash equivalents (level 1), accounts and notes receivable, short-term debt (level 2), merchandise payables, and accrued expenses are reflected in the Condensed Consolidated Balance Sheets at cost, which approximates fair value due to the short-term nature of these instruments. For short-term debt, the variable interest rates are a significant input in our fair value assessments. The carrying value of long-term notes receivable approximates fair value.
	We measure certain non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis.
	The Company was not required to measure any other significant non-financial asset or liability at fair value as of May 2, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	Consolidation
	In February 2015, the Financial Accounting Standards Board ("FASB") issued an accounting standards update which revises the consolidation model. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership, affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships, and provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Extraordinary and Unusual Items
	In January 2015, the FASB issued an accounting standards update which eliminates the concept of an extraordinary item. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Presentation of Financial Statements - Going Concern
	In August 2014, the FASB issued an accounting standards update which requires management to assess whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. If substantial doubt exists, additional disclosures are required. This update will be effective for the Company in the fourth quarter of 2016. The adoption of the new standard is not expected to have a material impact on the Company’s consolidated financial position, results of operations, cash flows or disclosures.
	Revenue from Contracts with Customers
	In May 2014, the FASB issued an accounting standards update which replaces the current revenue recognition standards. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update will be effective for the Company in the first quarter of 2017 and may be applied retrospectively for each period presented or as a cumulative-effect adjustment at the date of adoption. The Company is evaluating the effect of adopting this new standard and has not yet determined the method by which the standard will be adopted.
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
	In April 2014, the FASB issued an accounting standards update which modifies the requirements for disposals to qualify as discontinued operations and expands related disclosure requirements. The update was effective for the Company in the first quarter of 2015. The adoption of the new standard did not impact the Company’s consolidated financial position, results of operations, cash flows or disclosures.

Accounts_and_Franchisee_Receiv1

Accounts and Franchisee Receivables and Other Assets (Tables)	3 Months Ended
	2-May-15
Receivables [Abstract]
Schedule of Accounts and Franchisee Receivables and Other Assets	Accounts and franchisee receivables and other assets consist of the following:
		May 2,
		2015
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	6,809		$	3,569		$	10,378
	Miscellaneous receivables	11,039			2,161			13,200
	Long-term franchisee receivables	19,715			28,551			48,266
	Other assets	1,798			252			2,050
	Provision for losses on short-term franchisee receivables (1)	(3,147		)	(9		)	(3,156		)
	Provision for losses on long-term franchisee receivables (1)	(7,719		)	(79		)	(7,798		)
	Total Accounts and franchisee receivables and other assets	$	28,495		$	34,445		$	62,940
		May 3,
		2014
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	2,734		$	2,196		$	4,930
	Miscellaneous receivables	15,445			2,858			18,303
	Long-term franchisee receivables	20,582			19,391			39,973
	Other assets	2,495			200			2,695
	Total Accounts and franchisee receivables and other assets	$	41,256		$	24,645		$	65,901
		January 31,
		2015
	Thousands	Hometown			Outlet			Total
	Short-term franchisee receivables	$	6,169		$	3,652		$	9,821
	Miscellaneous receivables	6,316			2,540			8,856
	Long-term franchisee receivables	20,678			28,652			49,330
	Other assets	1,973			290			2,263
	Provision for losses on short-term franchisee receivables (1)	(3,212		)	(9		)	(3,221		)
	Provision for losses on long-term franchisee receivables (1)	(8,068		)	(79		)	(8,147		)
	Total Accounts and franchisee receivables and other assets	$	23,856		$	35,046		$	58,902
	(1) The Company recognizes a provision for losses on franchisee receivables (which consist primarily of franchisee promissory notes) in an amount equal to estimated probable losses net of recoveries. The provision is based on an analysis of expected future write-offs, existing economic conditions, and an assessment of specific identifiable franchisee promissory notes and other franchisee receivables considered at risk or uncollectible. The expense associated with the provision for losses on franchisee receivables is recognized as selling and administrative expense. Most of our franchisee promissory notes authorize us to deduct debt service from our commissions otherwise due and payable to the franchisees, and we routinely make those deductions to the extent of available commissions payable. We established the provision for losses on franchisee receivables during the 2014 fiscal year based on our receivable-by-receivable assessment that some of the franchisee receivables were potentially uncollectible in future periods due to (a) declining results of operations of, or other adverse financial events with respect to, Hometown franchise stores that indicated that the franchisees might not be able to meet their debt-service and other obligations to us as they became due and (b) the refusal during the year of one of our Hometown franchisees to continue to operate its franchise stores in accordance with the franchisee's agreements with us. We have commenced litigation that seeks to recover approximately $4.4 million on guarantees with respect to some of the 2014 losses, but we cannot predict whether we will recover any monies.

Provision_for_Losses_on_Franch1

Provision for Losses on Franchisee Receivables (Tables)	3 Months Ended
	2-May-15
Receivables [Abstract]
Schedule of Provision for Losses on Franchisee Receivables	The provision for losses on Franchisee Receivables, which was established in fiscal 2014, consists of the following:
	Thousands	2-May-15			3-May-14		31-Jan-15
	Provision for losses on franchisee receivables, beginning of period	$	11,368		$	—	$	—
	Expense accruals during the period	364			—		13,055
	Write off of franchisee receivables	(778		)	—		(1,687		)
	Provision for losses on franchisee receivables, end of period	$	10,954		$	—	$	11,368

Other_Current_and_LongTerm_Lia1

Other Current and Long-Term Liabilities (Tables)	3 Months Ended
	2-May-15
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Long-term Liabilities	Other current and long-term liabilities consist of the following:
	Thousands	May 2,		May 3,		January 31,
		2015		2014		2015
	Customer deposits	$	31,758	$	33,862	$	30,241
	Sales and other taxes	15,855		13,690		12,458
	Accrued expenses	20,601		8,551		16,265
	Payroll and related items	4,685		7,034		4,072
	Store closing, severance, and executive transition costs	2,038		—		—
	Total Other current and long-term liabilities	$	74,937	$	63,137	$	63,036

Related_Party_Agreements_and_T1

Related Party Agreements and Transactions (Tables)	3 Months Ended
	2-May-15
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the results of the transactions with Sears Holdings reflected in the Company’s Condensed Consolidated Financial Statements:
		13 Weeks Ended
		May 2,		May 3,
	Thousands	2015		2014
	Net Commissions from Sears Holdings	$	24,396	$	28,169
	Purchases related to cost of sales and occupancy (1)	359,354		387,186
	Services (1)	23,378		25,739
	(1) Amounts previously presented for the 13 Weeks ended May 3, 2014 within "Purchases related to cost of sales and occupancy" have been reclassified into "Services." The reclassified items were primarily costs associated with marketing. The reclassified amount for the 13 Weeks ended May 3, 2014 was $20.3 million.

Summary_of_Segment_Data_Tables

Summary of Segment Data (Tables)	3 Months Ended
	2-May-15
Segment Reporting [Abstract]
Schedule of Segment Data
		13 Weeks Ended May 2, 2015
	Thousands	Hometown		Outlet			Total
	Net sales
	Appliances	$	254,912	$	140,765		$	395,677
	Lawn and garden	89,976		4,431			94,407
	Tools and paint	42,312		4,331			46,643
	Other	23,460		22,582			46,042
	Total	410,660		172,109			582,769
	Costs and expenses
	Cost of sales and occupancy	311,087		131,323			442,410
	Selling and administrative	93,804		40,698			134,502
	Depreciation	653		1,208			1,861
	Total	405,544		173,229			578,773
	Operating income (loss)	$	5,116	$	(1,120	)	$	3,996
	Total assets	$	460,297	$	194,973		$	655,270
	Capital expenditures	$	971	$	1,107		$	2,078
		13 Weeks Ended May 3, 2014
	Thousands	Hometown		Outlet			Total
	Net sales
	Appliances	$	245,526	$	137,528		$	383,054
	Lawn and garden	95,340		4,891			100,231
	Tools and paint	46,137		4,491			50,628
	Other	31,533		24,408			55,941
	Total	418,536		171,318			589,854
	Costs and expenses
	Cost of sales and occupancy	312,154		133,801			445,955
	Selling and administrative	98,837		36,442			135,279
	Depreciation	651		1,637			2,288
	Total	411,642		171,880			583,522
	Operating income (loss)	$	6,894	$	(562	)	$	6,332
	Total assets	$	658,267	$	204,920		$	863,187
	Capital expenditures	$	679	$	3,261		$	3,940

Income_Per_Common_Share_Tables

Income Per Common Share (Tables)	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the components used to calculate basic and diluted income per common share attributable to our stockholders.
		13 Weeks Ended		13 Weeks Ended
		2-May-15		3-May-14
	Thousands except income per common share
	Basic weighted average shares	22,666		22,666
	Dilutive effect of restricted stock	—		—
	Diluted weighted average shares	22,666		22,666
	Net income	$	2,150	$	3,679
	Income per common share:
	Basic	$	0.09	$	0.16
	Diluted	$	0.09	$	0.16

Equity_Tables

Equity (Tables)	3 Months Ended
	2-May-15
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Restricted Stock Award Activity	Changes in restricted-stock awards for 2015 were as follows:
		13 Weeks Ended May 2, 2015
	(Shares in Thousands)	Shares	Weighted-Average Fair Value on Date of Grant
	Beginning of year balance	70	$	44.45
	Granted	—	—
	Vested	—	—
	Forfeited	—	—
	Balance at 5/2/2015	70	$	44.45

Background_and_Basis_of_Presen2

Background and Basis of Presentation (Details)	3 Months Ended
	2-May-15
	segment
	store
	state
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores	1,248
Number of states in which the Company operates	50
Number of operating segments	2

Accounts_and_Franchisee_Receiv2

Accounts and Franchisee Receivables and Other Assets (Details) (USD $)	2-May-15	Jan. 31, 2015	3-May-14
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term franchisee receivables	$10,378,000	$9,821,000	$4,930,000
Miscellaneous receivables	13,200,000	8,856,000	18,303,000
Long-term franchisee receivables	48,266,000	49,330,000	39,973,000
Other assets	2,050,000	2,263,000	2,695,000
Provision for losses on short-term franchisee receivables	-3,156,000	-3,221,000
Provision for losses on long-term franchisee receivables	-7,798,000	-8,147,000
Total Accounts and franchisee receivables and other assets	62,940,000	58,902,000	65,901,000
Estimate of possible loss	4,400,000
Sears Hometown and Hardware [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term franchisee receivables	6,809,000	6,169,000	2,734,000
Miscellaneous receivables	11,039,000	6,316,000	15,445,000
Long-term franchisee receivables	19,715,000	20,678,000	20,582,000
Other assets	1,798,000	1,973,000	2,495,000
Provision for losses on short-term franchisee receivables	-3,147,000	-3,212,000
Provision for losses on long-term franchisee receivables	-7,719,000	-8,068,000
Total Accounts and franchisee receivables and other assets	28,495,000	23,856,000	41,256,000
Sears Outlet [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term franchisee receivables	3,569,000	3,652,000	2,196,000
Miscellaneous receivables	2,161,000	2,540,000	2,858,000
Long-term franchisee receivables	28,551,000	28,652,000	19,391,000
Other assets	252,000	290,000	200,000
Provision for losses on short-term franchisee receivables	-9,000	-9,000
Provision for losses on long-term franchisee receivables	-79,000	-79,000
Total Accounts and franchisee receivables and other assets	$34,445,000	$35,046,000	$24,645,000

Provision_for_Losses_on_Franch2

Provision for Losses on Franchisee Receivables (Details) (Franchise Receivable [Member], USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14	Jan. 31, 2015
Franchise Receivable [Member]
Provision for Losses on Franchisee Receivables [Roll Forward]
Provision for losses on franchisee receivables, beginning of period	$11,368	$0	$0
Expense accruals during the period	364	0	13,055
Write off of franchisee receivables	-778	0	-1,687
Provision for losses on franchisee receivables, end of period	$10,954	$0	$11,368

Other_Current_and_LongTerm_Lia2

Other Current and Long-Term Liabilities (Details) (USD $)	2-May-15	Jan. 31, 2015	Feb. 01, 2014
In Thousands, unless otherwise specified
Payables and Accruals [Abstract]
Customer deposits	$31,758	$30,241	$33,862
Sales and other taxes	15,855	12,458	13,690
Accrued expenses	20,601	16,265	8,551
Payroll and related items	4,685	4,072	7,034
Store closing, severance, and executive transition costs	2,038	0	0
Total Other current and long-term liabilities	$74,937	$63,036	$63,137

Goodwill_Details

Goodwill (Details) (USD $)	3 Months Ended
	2-May-15
Goodwill [Line Items]
Impairment Loss	$167,000,000
Sears Hometown and Hardware [Member]
Goodwill [Line Items]
Goodwill	$0

Income_Taxes_Details

Income Taxes (Details) (USD $)	2-May-15	Jan. 31, 2015	3-May-14
In Millions, unless otherwise specified
Income Tax Disclosure [Abstract]
Deferred tax assets	$65.10	$65.20	$55.60

Related_Party_Agreements_and_T2

Related Party Agreements and Transactions (Details) (USD $)	3 Months Ended		12 Months Ended
	3-May-14	2-May-15	Feb. 01, 2014
Related Party Transaction [Line Items]
Exclusion of on-line sales	$20,300,000
ESL [Member]
Related Party Transaction [Line Items]
Beneficial interest acquired by related party, percentage		46.00%
Sears Holdings Corporation [Member]
Related Party Transaction [Line Items]
Net Commissions from Sears Holdings		24,396,000	28,169,000
Purchases related to cost of sales and occupancy (1)		359,354,000	387,186,000
Services (1)		$23,378,000	$25,739,000
Invoice payment term		10 days
Sears Holdings [Member] | ESL [Member]
Related Party Transaction [Line Items]
Beneficial interest acquired by related party, percentage		56.00%

Financing_Arrangements_Details

Financing Arrangements (Details) (Senior ABL Facility [Member], USD $)	3 Months Ended
	2-May-15
Debt Instrument [Line Items]
Remaining borrowing capacity	$30,000,000
Covenant, maximum percentage of Loan Cap	25.00%
Covenant, component of aggregate commitment calculation	50,000,000
Covenant, fixed charge coverage ratio	1.1
Covenant, period of credit extensions outstanding	120 days
LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.18%
Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	4.25%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate maximum borrowings	250,000,000
Increases in aggregate principal	100,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity	214,400,000
Aggregate maximum borrowings	75,000,000
Amount outstanding	5,600,000
Swingline Loans [Member]
Debt Instrument [Line Items]
Aggregate maximum borrowings	$25,000,000

Summary_of_Segment_Data_Detail

Summary of Segment Data (Details) (USD $)	3 Months Ended
	2-May-15	3-May-14	Jan. 31, 2015
Segment Reporting Information [Line Items]
Initial franchise revenue	$500,000	$3,300,000
Net sales	582,769,000	589,854,000
Cost of sales and occupancy	442,410,000	445,955,000
Selling and administrative	134,502,000	135,279,000
Depreciation	1,861,000	2,288,000
Total costs and expenses	578,773,000	583,522,000
Operating income (loss)	3,996,000	6,332,000
Total assets	655,270,000	863,187,000	645,722,000
Capital expenditures	2,078,000	3,940,000
Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	395,677,000	383,054,000
Lawn and Garden [Member]
Segment Reporting Information [Line Items]
Net sales	94,407,000	100,231,000
Tools and Paint [Member]
Segment Reporting Information [Line Items]
Net sales	46,643,000	50,628,000
Other [Member]
Segment Reporting Information [Line Items]
Net sales	46,042,000	55,941,000
Sears Hometown and Hardware [Member]
Segment Reporting Information [Line Items]
Net sales	410,660,000	418,536,000
Cost of sales and occupancy	311,087,000	312,154,000
Selling and administrative	93,804,000	98,837,000
Depreciation	653,000	651,000
Total costs and expenses	405,544,000	411,642,000
Operating income (loss)	5,116,000	6,894,000
Total assets	460,297,000	658,267,000
Capital expenditures	971,000	679,000
Sears Hometown and Hardware [Member] | Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	254,912,000	245,526,000
Sears Hometown and Hardware [Member] | Lawn and Garden [Member]
Segment Reporting Information [Line Items]
Net sales	89,976,000	95,340,000
Sears Hometown and Hardware [Member] | Tools and Paint [Member]
Segment Reporting Information [Line Items]
Net sales	42,312,000	46,137,000
Sears Hometown and Hardware [Member] | Other [Member]
Segment Reporting Information [Line Items]
Net sales	23,460,000	31,533,000
Sears Outlet [Member]
Segment Reporting Information [Line Items]
Net sales	172,109,000	171,318,000
Cost of sales and occupancy	131,323,000	133,801,000
Selling and administrative	40,698,000	36,442,000
Depreciation	1,208,000	1,637,000
Total costs and expenses	173,229,000	171,880,000
Operating income (loss)	-1,120,000	-562,000
Total assets	194,973,000	204,920,000
Capital expenditures	1,107,000	3,261,000
Sears Outlet [Member] | Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	140,765,000	137,528,000
Sears Outlet [Member] | Lawn and Garden [Member]
Segment Reporting Information [Line Items]
Net sales	4,431,000	4,891,000
Sears Outlet [Member] | Tools and Paint [Member]
Segment Reporting Information [Line Items]
Net sales	4,331,000	4,491,000
Sears Outlet [Member] | Other [Member]
Segment Reporting Information [Line Items]
Net sales	$22,582,000	$24,408,000

Income_Per_Common_Share_Detail

Income Per Common Share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15	3-May-14
Earnings Per Share [Abstract]
Basic weighted average shares	22,666	22,666
Dilutive effect of restricted stock	0	0
Diluted weighted average shares	22,666	22,666
Net income	$2,150	$3,679
Income per common share:
Basic (in dollars per share)	$0.09	$0.16
Diluted (in dollars per share)	$0.09	$0.16

Equity_Narrative_Details

Equity (Narrative) (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	2-May-15	Aug. 03, 2013	Aug. 28, 2013	14-May-13
Stock-based Compensation
Shares reserved under plan				4,000,000
Share Repurchase Program
Authorized amount			$25
Remaining authorized repurchase amount	12.5
Restricted Stock [Member]
Stock-based Compensation
Stock granted		89,221
Forfeited in period	18,974
Share-based compensation expense	-0.4
Total unrecognized compensation	0.7
Period for recognition	12 months
Restricted Stock [Member] | May 16, 2016 [Member]
Stock-based Compensation
Stock granted	70,247
Restricted Stock Units (RSUs) [Member]
Stock-based Compensation
Stock granted	159,475
Share-based compensation expense	0
Total unrecognized compensation	1.1
Period for recognition	3 years
Severance and Executive Transition Costs [Member]
Stock-based Compensation
Share-based compensation expense	$0.60

Equity_Restricted_Stock_Awards

Equity (Restricted Stock Awards) (Details) (Restricted Stock [Member], USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15
Restricted Stock [Member]
Shares
Beginning of year balance	70
Granted	0
Vested	0
Forfeited	0
Balance at end of period	70
Weighted-Average Fair Value on Date of Grant
Beginning of year balance (in dollars per share)	$44.45
Granted (in dollars per share)	$0
Vested (in dollars per share)	$0
Forfeited (in dollars per share)	$0
Balance at end of period (in dollars per share)	$44.45