Sears Announces It's Shutting Last Store in Home State of Illinois

The store, located in Woodfield Mall, is scheduled to shut its doors on Nov. 14.

learn more about The Epoch Times

By The Epoch Times

This story originally appeared on The Epoch Times

Sears is shutting its last store in Illinois, its home state, the company announced this week.

The store, located in Woodfield Mall, is scheduled to shut its doors on Nov. 14, as part of a corporate plan to "redevelop and reinvigorate the property," the Daily Herald reports.

A spokesperson for Sears' parent company, Transformco, said they will still manage the space and are currently negotiating with retailers to fill the now-vacant property.

"This is part of the company's strategy to unlock the value of the real estate and pursue the highest and best use for the benefit of the local community," Transformco said in the announcement.

"With redevelopment of this location focused primarily on retail use, we intend to reinvigorate and maximize the value of the real estate while enhancing the consumer experience with popular retailers that fit the regional draw of Woodfield Mall," said Scott Carr, president of real estate for Transformco.

The retailer was founded in Chicago in the 1890s, after initially starting as a mail-order catalog, and once served as America's largest and most popular retailer where customers could find everything from homewares to apparel.

But in October 2018, Sears Holdings, which also owned Kmart, filed for Chapter 11 bankruptcy protection amid plunging sales and massive amounts of debt.

The company has struggled with outdated stores and complaints about customer service while also facing stiff competition from chains like Walmart, Target, Best Buy, and Macy's, all of which have invested heavily in remodeling and creating a more enticing and modern shopping experience for customers.

Transformco later acquired Sears and promptly announced it was shutting down 96 more stores across the United States.

Further store closures followed and there were 34 Sears locations, including the one at Woodfield Mall, and 18 Kmart stores, remaining in August, brostocks reported.

Transformco said in the company's statement that it has a more diverse plan for Sears and Kmart to operate a small number of larger, premier stores and a larger number of small-format stores going forward. The company will also continue to expand its Hometown Stores and Home & Life stores in cities and towns that previously had larger stores.

Sears Hometown Stores are smaller stores selling tools, appliances, and lawn and garden equipment, while its Home & Life stores, the first of which opened in 2019, are a relatively newer concept offering appliances, mattresses, and home services, and connected home products.

By Katabella Roberts

Katabella Roberts is a reporter currently based in Turkey. She covers news and business for The Epoch Times, focusing primarily on the United States.

The Epoch Times

The Epoch Times is the fastest-growing independent news media in America. We are nonpartisan and dedicated to truthful reporting.

We are free from the influence of any government, corporation, or political party—this is what makes us different from other media organizations. Our goal is to bring our readers accurate information so they can form their own opinions about the most significant topics of our time.

We don’t follow the unhealthy trend of agenda-driven journalism prevalent in today’s media environment. Instead, we use our principles of Truth and Tradition as our guiding light. We highlight in our reporting the best of humanity, the valuable lessons of history, and traditions that are beneficial for society.

The Epoch Times was founded in the United States in the year 2000 in response to communist repression and censorship in China. Our founders, Chinese-Americans who themselves had fled communism, sought to create an independent media to bring the world uncensored and truthful information.

The Epoch Times has received numerous awards for our reporting and design, including from the New York Press Association, the Society of Professional Journalists, and the Society for News Design.

The Epoch Times’ media network currently covers 21 languages and 33 countries.

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

I Live on a Cruise Ship for Half of the Year. Look Inside My 336-Square-Foot Cabin with Wraparound Balcony.

I live on a cruise ship with my husband, who works on it, for six months out of the year. Life at "home" can be tight. Here's what it's really like living on a cruise ship.

Business News

The 'Airbnbust' Proves the Wild West Days of Online Vacation Rentals Are Over

Airbnb recently reported that 2022 was its first profitable year ever. But the deluge of new listings foreshadowed an inevitable correction.

Business Solutions

Master Coding for Less Than $2 a Course with This Jam-Packed Bundle

Make coding understandable with this beginner-friendly coding bundle, now just $19.99.