The retailer continues to close its brick-and-mortar locations
Sears is closing its last remaining brick-and-mortar store in the company’s home state Illinois As the retailer established in Chicago continues to close locations.
Sears’ parent company TransformCo announced this week that the department store located at Woodfield Mall in Schomberg will close on November 14, explaining that “this is part of the company’s strategy to unlock the value of real estate and pursue the highest ever.” and best use for the benefit of the local community,’ according to The Daily Herald.
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When the mall opened 50 years ago, Sears was the anchor store. News of its imminent final closure marks the end of an era for some local observers.
“For me personally, and for the village and its residents, Sears has been such a presence in the Chicago area and the nation,” Schaumburg Mayor Tom Daly told the newspaper. “It would be sad to see this up close. I grew up with Sears. I have Sears tools. All my tools are Sears.”
Rob Karr, president and CEO of the Illinois Retail Merchant Association, expressed a similar sentiment. WGN-TV. “First, we have to stop for a moment. I think we have to be a little sad about what we’ve seen,” Kar said. “None of us are surprised, this is certainly another indication of the evolutionary nature of retail, but much of it is related to Sears itself and the decisions they made. But I think we have to be sad and We have to remember that it was an iconic, not just a national brand but an international brand, and that included generations to come.”
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In 1892 Sears, Roebuck and Co. As established, the company became the largest retailer in the country largely due to its prestigious catalogue. After years of decline, the retailer went bankrupt in 2018 before being acquired by Transformco. Sears had more than 1,600 stores as of 2016, and will be limited to only 34 after Schaumburg’s closure.