Sears Considers Pulling Out of Illinois

Company reportedly scouting sites in Washington D.C.

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    NEWSLETTERS

    perkinswill.com
    Is Sears ready to pack up an leave?

    Illinois may be on the verge of losing a major company.

    Sears Holdings Corp. is considering leaving its Hoffman Estates headquarters, according to the Washington Post, and is considering the Washington, D.C. area.

    The company is one of dozens in the state whose tax breaks are set to expire.

    A source tells the newspaper that the company started making inquiries in the D.C. area two weeks ago, along with considering sites in Georgia, New Jersey, North Carolina and Texas.

    A Sears spokeswoman would not comment on the speculation.

    The company employs 6,200 people at its current location.

    Gov. Quinn has said he will work with Sears and other companies to possibly renew the expiring tax subsidies.