You can be on Entrepreneur’s cover!

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.

By The Epoch Times

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

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The company has struggled with outdated stores and complaints about customer service while also facing stiff competition from chains like Walmart, Target, Best Buy, and Macy's, all of which have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, founded in 2000, is headquartered in Manhattan, New York, with a mission to provide independent and accurate information free of political bias or corporate influence. The organization was established in response to censorship within China and a lack of global awareness regarding the Chinese regime's repression of the spiritual practice Falun Gong.

The Epoch Times is a widely read newspaper that is distributed in 33 countries and is available in 21 languages. The publication has been critical in providing balanced and detailed reporting on major global events such as the 2003 SARS pandemic and the 2008 financial crisis. Notably, the organization has played a key role in exposing corruption inside China.

Aside from its human rights coverage, The Epoch Times has made significant contributions in a variety of fields. It has received praise for its in-depth analysis and expert perspectives on business, the economy and U.S. politics. The newspaper has also received praise for its broad coverage of these topics.

A series of editorials titled "Nine Commentaries on the Communist Party" appeared in The Epoch Times in 2004. It asserts that freedom and prosperity in China can only be achieved by eliminating the Communist Party, which violated China's cultural and spiritual values. In addition, the organization led the Tuidang movement, which resulted in over 400 million Chinese citizens quitting the Communist Party. In spite of this, 90% of websites referring to the "Nine Commentaries" were blocked by the Chinese regime.

The Epoch Times has been at the forefront of investigating high-level corruption cases within the Chinese regime, with its reporters taking significant risks to uncover these stories. The organization has received several awards for its investigative journalism.

The organization has received several awards for its investigative journalism. For more, visit

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

AI Will Radically Transform the Workplace — Here's How HR Teams Can Prepare for It

HR intrapreneurs are emerging as key drivers of AI reskilling, thoughtful organizational restructuring and ethical integration, shaping an inclusive future where technology enhances both efficiency and employee development.

Business News

Some Costco Stores Are Now Selling a Frozen Item That Looks Just Like a Trader Joe's Fan Favorite

The Frozen Kimbap is a Trader Joe's cult favorite, and now a version can be found at Costco, too.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Health & Wellness

How This Millionaire Investor Overcame Opioid Addiction to Become the World's Fastest Marathoner Over 50

Ken Rideout shares five invaluable lessons for achieving peak performance physically and mentally.


Why This One Unique Marketing Approach is the Key to Business Growth

Adopting this approach now will help you succeed and see consistent, measurable growth over the long term.