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Sears Is Closing Its Last Store In Chicago

by cnbc.com posted 9months ago 15 views
Sears Holdings will close its last department store in Chicago later this year. : Sears Holdings will later this year close its last department store in Chicago, where the company was based for more than 100 years, a spokesman told CNBC. The Sears location at Six Corners in Chicago was among the roughly 260 stores sold to real estate investment trust Seritage Growth Properties in a sale lease-back transaction three years ago, the spokesman said. Seritage has recaptured the space, based on their contractual agreement, and is able to bring in new tenants, he said.

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