Chicago Area Sears Stores Among 63 To Close Nationwide

Emmett Rice
June 1, 2018

In a statement, the company said the locations were chosen from a list of 100 non-profitable stores.

- Sears suffered another major sales blow over the last quarter, and says it's closing dozens of stores.

The company said closing sales for the 63 stores would begin in June, and the stores would close by September.

The store in Dearborn, located at 18900 Michigan Avenue, and the Sterling Heights store, located at 14100 Lakeside Circle will have its auto stores closed in late July. The company had 894 stores as of May 5, down from 1,980 stores in 2013.

The company closed a total of almost 400 stores during the past 12 months, and now has a total of 894 left, including the 72 slated for closure. The department store chain was once the largest in the country.

Sears for years has been selling off some of its real estate under sale-leaseback agreements.

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In the Triangle, Sears stores and automotive centers anchor Crabtree Valley Mall and Triangle Town Center in Raleigh and the Streets of Southpoint and Northgate Mall in Durham. The company a year ago said there were doubts about its ability to continue as a going concern.

The only central IL store expected to close is a Sears in Springfield, located at 104 West White Oaks Mall.

Earlier in May, Sears formed a special committee to explore the sale of Kenmore and divisions of its home services business, the same assets Lampert said he was interested in buying. Merchandise sales fell 34 percent last quarter to $2.2 billion, according to the report.

Sears said sales dropped 30 percent in the most recent quarter, leading to a loss of $424 million.

Sears has tried to sell those brands and businesses before.

Other reports by Free-Prsite

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