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Sears to close last Chicago store

A Sears department store is shown in El Cajon, California, U.S., August 8, 2017. REUTERS/Mike Blake
Sears is final its last ultimate store in Chicago.

Thomson Reuters

  • Sears is final its last ultimate store in Chicago.
  • Sears was once primarily based in Chicago for greater than a century. In its heyday within the 1970s, the corporate eternally modified Chicago’s skyline by way of development the long-lasting, 110-story Sears Tower.
  • The corporate’s gross sales have dropped from $53 billion in 2006 to $16.7 billion in 2017.

Sears is final its last ultimate division store in Chicago.

The corporate is shutting down the store, positioned in a shopping mall referred to as Six Corners, in mid-July after 80 years in trade, The Chicago Tribune stories.

Sears was once primarily based in Chicago for greater than a century. In its heyday within the 1970s, the corporate eternally modified Chicago’s skyline by way of development the long-lasting, 110-story Sears Tower, which held the file for the tallest development on the earth for greater than 25 years.

Sears has since moved its headquarters an hour outdoor of Chicago to Hoffman Estates, Illinois, and the identify of the tower has been modified to the Willis Tower.

Sears has one ultimate place of business of about 150 staff within the town of Chicago. But with the closure of the Sears store at Six Corners, there will likely be no ultimate Sears shops within the town.

“For more than 120 years, Sears has called Illinois home and that is not changing,” Sears spokesman Howard Riefs informed the Tribune. “Although we are disappointed by this last store closure in Chicago, by no means does this change our commitment to our customers and presence to Chicago’s residents.”

Sears, which additionally owns Kmart, has been promoting off manufacturers and actual property to keep afloat amid years of falling gross sales. The corporate’s gross sales have dropped from $53 billion in 2006 to $16.7 billion in 2017, and it plans to close greater than 170 shops this yr.

The newest closures, as well as to the Chicago store, come with Sears and Kmart shops in Wilmington, North Carolina; Youngstown, Ohio; Brandon, Florida; and Saugus, Massachusetts.

Sears may close its store at Tacoma Mall in Tacoma, Washington, as neatly. The proprietor of the mall, Simon Property Group, not too long ago printed plans to demolish the Sears store and change it with a number of constructions, together with a film theater.

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