Article posted: 11/30/2012 7:25 AM

Sears Hometown and Outlet 3Q net income rises

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Sears Hometown and Outlet Stores' fiscal third-quarter net income rose 29 percent as sales of appliances, mattresses and clothing climbed.

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Sears Hometown and Outlet Stores' fiscal third-quarter net income rose 29 percent as sales of appliances, mattresses and clothing climbed.The company, which was recently spun off from Sears Holdings Corp., earned $8.8 million, or 38 cents per share, for the period ended Oct. 27. That's up from $6.8 million, or 29 cents per share, a year earlier.Revenue increased 3 percent to $556.9 million from $539 million.