Sears Hometown and Outlet Stores considering liquidating Hometown stores

The largest shareholder of Sears Hometown and Outlet Stores took steps Monday to block the retailer from liquidating more than 80 percent of its stores.

Eddie Lampert – who owns 58.8 percent of Sears Hometown and Outlet Stores and has been thwarted in his attempt to acquire the rest – disclosed in a public filing that the retailer's board was set to vote Monday afternoon "to determine to liquidate the Hometown segment of the business."