Sears closes its last store in Illinois

Storied but embattled retailer founded in Chicago in 1890s will shutter Schaumburg mall location in November; 250K sf space could be redeveloped

National /
Sep.September 17, 2021 01:39 PM
The Sears location in the Woodfield Mall (Google Maps)

The Sears location in the Woodfield Mall (Google Maps)

The last Sears store left in Illinois will close for good in November.

Transformco, parent company of the storied but embattled retailer that was founded in Chicago in 1893, announced the decision Thursday, Crain’s reported.

The location was in the Woodfield Mall in Schaumburg.

Transformco is discussing plans to redevelop the two-level nearly 250,000-square-foot space and is negotiating with retailers, the report noted. The company also owns the parking lot and auto center nearby.

Sears has been a key tenant of the Woodfield Mall since it opened in 1971, according to Crain’s. The mall itself is actually named for Sears Chairman Robert Wood as well as entrepreneur Marshall Field.

With the Sears location closing, Schaumburg Mayor Tom Dailly said it was the end of an era. Sears, he said, has been a major presence in the village, in Chicago and in the nation.

“It’s going to be sad to see that close. I grew up with Sears. I have Sears appliances. All my tools are Sears,” he told the Daily Herald.

Sears, the country’s largest retailer until the 1990s, filed for bankruptcy in 2018 in part after its inability to shift into the e-commerce market.

Another Sears store in Six Corners in Chicago closed its doors the same year. City planners are discussing rezoning that property for redevelopment. Clark Street Real Estate and Ryan Companies have proposed a renovation project that would convert the building into a residential property.

[Crain’s, Daily Herald] — Victoria Pruitt





    Related Articles

    arrow_forward_ios
    GW Properties' Mitch Goltz with 3955 North Kilpatrick Avenue (GW Properties, Google Maps, Getty)
    Goltz revises Six Corners development proposal
    Goltz revises Six Corners development proposal
    Northbrook Village President Kathryn L. Ciesla and the Green Acres Country Club on Dundee Road (Getty, Colliers International, Village of Northbrook)
    Northbrook’s Green Acres Country Club development saga drags on
    Northbrook’s Green Acres Country Club development saga drags on
    Calumet Country Club (Facebook/Calumet Country Club)
    Factory, hotel and water park proposed for Calumet Country Club
    Factory, hotel and water park proposed for Calumet Country Club
    5500 West Madison Street (Austin Coming Together, Getty)
    Nonprofit developers win tax funding for vacant school rethink
    Nonprofit developers win tax funding for vacant school rethink
    Arlington Heights' Mayor Tom Hayes and Village Manager Randy Recklaus with rendering of Chicago Bears Arlington Heights stadium (Village of Arlington Heights, LinkedIn, Chicago Bears)
    Arlington Heights Bears stadium is far from the endzone
    Arlington Heights Bears stadium is far from the endzone
    Renderings of the proposals by Murphy Development and Frontier Development with Alderman Bryan Wirball (BryanforStC.com, StCharlesIl.gov)
    Murphy, Frontier to face off on St. Charles police station site
    Murphy, Frontier to face off on St. Charles police station site
    RBH spokesperson Lonnie Soury
with Teachers Village (Getty, Teachers Village)
    RBH Group nabs $18M in city grants for Humboldt Park school conversion
    RBH Group nabs $18M in city grants for Humboldt Park school conversion
    Hazel Crest mayor Mayor Vernard Alsberry and Calumet Country Club (Village of Hazel Crest, Calumet Country Club, Getty)
    Hazel Crest mulls Calumet Country Club redevelopment, annexation
    Hazel Crest mulls Calumet Country Club redevelopment, annexation
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...