In the past 7 years, Sears has racked up more than $10.8 billion in losses.
Now it's closing its very last store in Chicago, where it all began.
Sears opened its first-ever store in Chicago 93 years ago. This summer, it will close its last department store in the city.
The embattled retailer informed employees at the Six Corners store on the edge of the Portage Park neighborhood Thursday of its plans to close in mid-July. With the store’s demise, Chicago is losing one more reminder of the heyday of a hometown company that was once the world’s largest retailer.
It’s just one store, but its planned shutdown comes after the company closed nearly a fifth of its U.S. department stores and shed more than 50,000 jobs in 2017.
A liquidation sale at the store, at the intersection of Milwaukee and Cicero avenues and Irving Park Road, is set to begin April 27. The adjacent Sears Auto Center will close in mid-May.