Sears to close flagship Loop location in April
Sears Holdings said Tuesday it plans to close its flagship location in the Loop this spring. The troubled Hoffman Estates-based retailer will start its liquidation sale at the location at 2 N. State St. on Jan. 26 and shut its doors in April.
"The store has lost millions of dollars since opening and we can no longer continue to support the store’s operating losses," a spokesman said in an email. The store has about 160 mostly hourly employees, who will be given severance and the chance to apply for open positions at other Sears or Kmart stores.
"The store has lost millions of dollars since opening and we can no longer continue to support the store’s operating losses," a spokesman said in an email. The store has about 160 mostly hourly employees, who will be given severance and the chance to apply for open positions at other Sears or Kmart stores.
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