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.
Backwards. They bought the Kmart holding company. The Sears holding company still owns tons of real estate. Merger more the word. Old Kmart and Sears stores are still leased.
They did. My mom lives in an old Sears Roebuck house.
Yep
“I remember Sears and Roe, when they started, didn’t have a buck to their name!” Tributes to Redd Foxx.
****
Charmin, put Sears out of business!
Does ACE sell Craftsman?
IBM almost followed. Xerox did.
I’ve double scanned by accident and caught it right away; the in-charge person came and took it off the screen. I watch what goes up on it.
They had a lot of catalog stores in rural areas. Order there, even layaway, and pick up.
We had one in a small Ark town even when there was a big Sears store 40 miles away.
They loved the jeans.
Maybe your right, but I seen several stories like this one...
https://www.chicagotribune.com/sns-ap-kmart-sears-merger-story.html
Kenmore was only a name. Sears never made appliances. They bought from another company and then had “Kenmore” slapped on them. For a long time most of their appliances were actually whirlpool. If you went to Sears to lookup part numbers then the parts actually had whirlpool numbers. You could then use those numbers to buy the parts cheaper from whirlpool parts distributors.
Lowes only slaps the name on the tools. They are not the same as Craftsman tools. The cordless tools do not even take the same batteries.
Ace hardware sells craftsman tool i believe
Yes, Whirlpool made them. I worked in a factory one summer in college. We made refrigerators. I put in plugs before insulation. Black plugs Whirlpool, white plugs Kenmore.
you could get a chemistry set from Sears back in the day. had that and a microscope from there.
That 1993 Sears catalog you posted is very telling. The spine of it had the 1-800 numbers to call but no URL.
The following year, 1994, Jeff Bezos would found Amazon.com and the rest is history.
Had there been a Sears.com in 1993, they could well have been where Amazon is today.
Whirlpool use to be about the best. Of course nothing is good anymore.
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