Sears Lists First 79 Stores To Close, None In Illinois

Updated 12/29/11 – 3:13 p.m.

CHICAGO (CBS) — Sears has released a list of the first 79 stores to close under a plan to shutter 100 to 120 Sears and Kmart locations due to poor holiday sales.

No Illinois Sears or Kmart stores are among the stores listed on the Hoffman Estates-based company’s website, but three locations are in Indiana, including a Kmart in St. John in northwest Indiana.

Sears Holdings Corp. announced Tuesday that it was closing between 100 and 120 Sears and Kmart stores nationwide because of dismal holiday sales.

LISTEN: WBBM Newsradio’s Nancy Harty reports

In an internal memo Tuesday to employees, CEO and President Lou D’Ambrosio said that the retailer had not “generated the results we were seeking during the holiday.”

Sears discussed the closings with Gov. Pat Quinn on Wednesday.

“Governor Quinn had a good long conversation with the Sears CEO yesterday and we are definitely pleased with today’s outcome,” said Quinn’s spokeswoman, Brooke Anderson.

Anderson said she doesn’t know when the stores on Thursday’s list will close, nor if any of the remaining slated closures will be in Illinois.

News of the store closings comes just less than two weeks after Illinois lawmakers and the governor signed off on extending tax breaks designed to keep Sears’ corporate headquarters in Illinois.

Until earlier this month, the corporate tax rate in Illinois had been a major complaint for Sears. The company had been considering leaving Illinois, until Gov. Pat Quinn approved a multimillion dollar tax break for Sears and the CME Group, which was also considering departing the state.

The governor has said the closures don’t affect the state’s $15 million-a-year in tax incentives to keep Sears headquarters in Hoffman Estates.

“The fact that they have to close some stores around the country, that isn’t good news, but it doesn’t directly affect this agreement,” Quinn said.

The company said it will post on this Web site when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut.

Sears has more than 4,000 stores in the U.S. and Canada.

  • Illinois Stores Will Come Soon

    Somebody shoot this poor dying old work horse, it is over.

    • Spoon

      What? Why? It’s a great store for things. No better place for tools, everyday home and garden supplies, power tools and appliances. The selection of hand tools for car/home are better than any other store within 20 miles of my house…

  • Kmart Closing Hits NW Ind. Community « CBS Chicago

    […] Top Paid Actresses var addthis_product = 'wpp-261'; var addthis_config = {"data_track_clickback":true};if (typeof(addthis_share) == "undefined"){ addthis_share = {"templates":{"twitter":"{{title}} {{url}}"},"url_transforms":{"shorten":{"twitter":"bitly"}},"shorteners":{"bitly":{"login":"cbslocal","apiKey":"R_a42469be25a4cd114f9641fad362d038"}}};}ST. JOHN, Ind. (CBS) — An 80,000-square-foot Kmart store in Lake County, Ind., is among the locations that have been put on the chopping block by the Sears Holdings Corp. […]

  • missy

    Hire a black guy

  • Cliff

    this story infers repeatably upwards of 100 stores closing without even addressing where any of them are. This is very lame reporting as the story should have addressed only the one store involved and not the others. Very poor reporting of very sketchy information.

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