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Sears is shutting its last store in Illinois, its home state
CNBC ^ | September 16, 2021 | Lauren Thomas

Posted on 09/16/2021 4:05:17 PM PDT by American Number 181269513

The last Sears department store located in the retailer’s home state of Illinois is getting ready to close its doors for good.

The shop, located in Simon Property Group’s Woodfield Mall, is scheduled to shutter on Nov. 14, the company confirmed to CNBC.

A spokesman for the department store chain’s parent company, Transformco, said it will look for ways to revive the space with another tenant because it also manages the real estate.

“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 a statement.

Sears Holdings, which also owned Kmart, filed for Chapter 11 bankruptcy protection in October 2018. Transformco later acquired Sears out of bankruptcy and has since closed dozens of the remaining Sears and Kmart locations across the United States.

Kmart’s last location in Manhattan recently shut. It will be replaced by a Wegmans grocery store.

A spokesperson for Transformco declined to confirm how many Sears and Kmart stores are still open.

The company’s websites list 35 Sears locations, including the one at Woodfield Mall, and 22 Kmart stores.

Sears was founded in Chicago in the 1890s. Its business blossomed through much of the 20th century, as it sold everything from homes to apparel. Sears was once the largest retailer in the nation, boasting thousands of stores.

The company had about 700 stores, many of them barren of goods, when it filed for bankruptcy protection.

Scott Carr, president of Transformco’s real estate division, said in a statement that the company plans to maximize the value of the Woodfield Mall property through a redevelopment.


TOPICS: News/Current Events
KEYWORDS: departmentstore; sears
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To: Dilbert San Diego

Stanley tools bought the Craftsman name

But nothing is the same anymore


21 posted on 09/16/2021 4:17:02 PM PDT by cableguymn (We need a redneck in the white house.... But the fact checkers said the story was false!)
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To: ctdonath2

I wrote off Sears in the late 80s over a similar refusal to stand by their product.

Still, I hate to see an American icon go under.


22 posted on 09/16/2021 4:17:25 PM PDT by Jacquerie
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To: American Number 181269513
In their earlier days, Sears had THE preeminent mail order business. You could order just about ANYTHING through their catalog, and have it shipped to your house. If they had just had SOMEBODY with vision, they could have dominated the web niche that Amazon currently does.


23 posted on 09/16/2021 4:18:00 PM PDT by PapaBear3625 (Everything that’s been achieved in the history of mankind has been achieved by not being safe.)
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To: Dilbert San Diego

Lowe’s has Craftsmanship.


24 posted on 09/16/2021 4:18:14 PM PDT by virgil (The evil that men do lives after them )
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To: Dilbert San Diego

There are lots of stores that now carry the Craftsman brand.

Lowes, ACE , and our local Atwoods Farm and Home all carry Craftsman tools. Also some others carry Craftsman.

Stanley Black & Decker acquired the Craftsman tool brand from Sears.


25 posted on 09/16/2021 4:18:41 PM PDT by Ruy Dias de Bivar (OUT OF FB JAIL! and back on the attack. 4 hours! Now back in FB jail-again!)
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To: American Number 181269513

Maybe they shouldn’t have spent so much money building that giant tower?


26 posted on 09/16/2021 4:19:29 PM PDT by NWFree (Somebody has to say it)
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To: Gay State Conservative

During the height of the Cold War with the Soviet Union it was said that instead of dropping bombs on Russia, Sears catalogues should be dropped instead. The population would riot and overturn the government overnight demanding what they saw was available to the west be made available to them.


27 posted on 09/16/2021 4:19:49 PM PDT by gdzla (Tyrannis Seditio, Obsequium Deo)
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To: American Number 181269513

They had a good run but it seems like they’ve been going broke for 35 years. Glad Sears is finally at peace.


28 posted on 09/16/2021 4:20:21 PM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: American Number 181269513

Grew up with Sears, kinda makes me sad.


29 posted on 09/16/2021 4:20:23 PM PDT by traderrob6
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To: frank ballenger

John Cameron Swayze
Takes a licking keeps on ticking......
https://www.youtube.com/watch?v=6EK9KWHjvfM


30 posted on 09/16/2021 4:20:24 PM PDT by Bell Bouy II
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To: Dilbert San Diego

When younger I liked to ride my bike and I found 1/2 a box wrench in a parking lot, since it said Craftsmen on it I brought it back to the Sears at Coastland Mall and got a new wrench, at that time worth about $7.


31 posted on 09/16/2021 4:20:46 PM PDT by Kenny500c ( )
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To: Ruy Dias de Bivar

I just got a leaf blower beginning of summer. I think it came from Lowes (gift)


32 posted on 09/16/2021 4:21:38 PM PDT by NWFree (Somebody has to say it)
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To: dljordan

I noticed forty years ago that Sears was cheapening some items. Jumper cables now had breakable plastic clamps, binoculars had cheaper lenses, welding machines had cheap breakable plastic adjustment handles.

We are still using a Sears microwave we bought at one of the last Sears stores here.


33 posted on 09/16/2021 4:21:56 PM PDT by Ruy Dias de Bivar (OUT OF FB JAIL! and back on the attack. 4 hours! Now back in FB jail-again!)
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To: Gay State Conservative

The Sears catalog was required reading (ahem!) in every outhouse in my neighborhood . . .


34 posted on 09/16/2021 4:21:59 PM PDT by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx D)
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To: Dilbert San Diego; Seruzawa

Craftsman
Stanley
Black & Decker
Porter Cable
Dewalt
Mac Tools
Proto
Bostitch
Kwikset
Weiser Lock
Price Pfister
and a bunch more

All the same company


35 posted on 09/16/2021 4:22:08 PM PDT by PAR35
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To: Dilbert San Diego

Or Kenmore home appliances such as washing machines?


My Kenmore washer / dryer are over 25 years old. Still running just fine. No fancy electronics and very reliable. Required service a few times in the past but the local appliance store can work on them. Plan on keeping them until they are beyond repair.


36 posted on 09/16/2021 4:22:21 PM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: American Number 181269513
They had a good run.

If one company would/should have understood the change to mail order ala Amazon, one would think Sears would. It should have been in their DNA.

However, they got locked themselves into 99 year leases every where and that partially was their downfall.

37 posted on 09/16/2021 4:22:42 PM PDT by llevrok (Pronouns: Me/myself/& I)
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To: American Number 181269513

Good childhood memories of me and my little brother sitting on the floor and devouring the Sears Christmas catalogue to decide what toys we wanted to ask for Christmas.


38 posted on 09/16/2021 4:22:46 PM PDT by circlecity
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To: drSteve78

I surmised a long time ago that they would last until they couldn't expand any more.

Walmart Corp is huge, and it takes a lot to sustain that kind size.


39 posted on 09/16/2021 4:23:23 PM PDT by TomGuy (!)
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To: Kenny500c

I still have some Craftsman tools I got as a teen in the early to mid 80s.


40 posted on 09/16/2021 4:23:32 PM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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