Sears

Sears' Last Chicago Location to Close, Company Announces

Sears says employees will be eligible for severance and can apply to other stores

The last remaining Sears location in the city of Chicago will close its doors, the company told employees Thursday.

The location, which had been a fixture at the Marketplace at Six Corners for nearly 80 years, will begin liquidation sales on April 27, according to the company, and is expected to close for good in mid-July.

“For more than 120 years, Sears has called Illinois home and that’s not changing,” the company said in a statement. “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.”

CARSON’S ANNOUNCED TONIGHT… IT’S CLOSING SEVEN STORES IN ILLINOIS–INCLUDING FOUR IN THE CHICAGO-AREA– AS PART OF A TURNAROUND PLAN. ] THEY’RE AMONG 47 STORES NATIONWIDE THAT WILL CLOSE… AS THE COMPANY TRIES TO STRENGTHEN ITS FINANCES. IT’S THE LATEST IN A STREAM OF STORE CLOSINGS IN THE CHICAGO AREA. ] NBC-5’S NATALIE MARTINEZ IS LIVE WITH MORE. NATALIE.

The company says that eligible employees will be offered severance and will have the chance to apply at other Sears and Kmart stores near the city.

The store was one of 265 locations sold to Seritage Growth Properties in 2015 as part of a sale-leaseback transaction.  The company informed Sears this week that it will recapture the space, and will close the location entirely in mid-July. The auto center at the location will close in mid-May. 

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