Sears ending an era in Chicago
Sears will close its final store in Chicago — the city that the retailer called home for more than 100 years.
The store, located at 4730 W. Irving Park Road, will completely close this July with a liquidation sale beginning on April 27.
Situated at Six Corners in Chicago, the location was among 260 stores sold to real estate investment trust Seritage Growth Properties in a sale lease-back transaction three years ago.
"The Sears at Six Corners was the shopping district's anchor business since it first opened to large crowds on October 20, 1938," Sears said in a statement. "For more than 120 years, Sears has called Illinois home and that is not changing. 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."
But this closing is among the latest round as the faltering retailer continues to shutter hundreds of stores across the country, while putting some properties up for auction online.
For more about Sears final Chicago store, read about it on CNBC.
The store, located at 4730 W. Irving Park Road, will completely close this July with a liquidation sale beginning on April 27.
Situated at Six Corners in Chicago, the location was among 260 stores sold to real estate investment trust Seritage Growth Properties in a sale lease-back transaction three years ago.
"The Sears at Six Corners was the shopping district's anchor business since it first opened to large crowds on October 20, 1938," Sears said in a statement. "For more than 120 years, Sears has called Illinois home and that is not changing. 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."
But this closing is among the latest round as the faltering retailer continues to shutter hundreds of stores across the country, while putting some properties up for auction online.
For more about Sears final Chicago store, read about it on CNBC.