Sears ends its legacy in Chicago
Sears has closed its last store in the city it calls home.
On Sunday, the location known as the Six Corners store, closed for good. The location opened in the Irving Park neighborhood 80 years ago, during the Great Depression.
More than 100 employees were released in the latest closure from struggling Sears Holdings. When Kmart and Sears united in 2005, the combined company had about 3,500 locations. The company now has less than 1,000.
Since 2010, the last year the company was profitable, it has reported more than $11 billion in losses while closing stores by the hundreds.
After its founding as a catalog retailer, Sears moved its headquarters to Chicago in 1887. The company also opened its first two retail locations in the city.
Sears moved its headquarters to the Sears Tower, the tallest building in the world when it opened in 1973 and a record it held until 1997. The company eventually moved its base of operations outside of Chicago’s city limits to Hoffman Estates, Ill.
On Sunday, the location known as the Six Corners store, closed for good. The location opened in the Irving Park neighborhood 80 years ago, during the Great Depression.
More than 100 employees were released in the latest closure from struggling Sears Holdings. When Kmart and Sears united in 2005, the combined company had about 3,500 locations. The company now has less than 1,000.
Since 2010, the last year the company was profitable, it has reported more than $11 billion in losses while closing stores by the hundreds.
After its founding as a catalog retailer, Sears moved its headquarters to Chicago in 1887. The company also opened its first two retail locations in the city.
Sears moved its headquarters to the Sears Tower, the tallest building in the world when it opened in 1973 and a record it held until 1997. The company eventually moved its base of operations outside of Chicago’s city limits to Hoffman Estates, Ill.