Sears Has "Substantial Doubt" About Its FutureSears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open.
More Layoffs For Sears, Amid Financial LossesIllinois-based Sears is shedding 250 jobs, amid a new quarterly report showing the retailer has lost money and share value.
Sears Might Sell Canadian OperationsThe news comes as Sears Holdings Corp.'s chairman, the billionaire hedge fund manager Eddie Lampert, has been under intense pressure to turn around its business. He took over as CEO in February 2013.
Report: Sears To Offer Cash Rather Than Health Insurance PlansTwo big employers, including one based in the Chicago area, are changing the way they provide health insurance to their workers.
Sears To Lay Off 100 Employees At Hoffman Estates HQSears announced Thursday that 100 people will be laid off at its Hoffman Estates headquarters, despite millions of dollars in forthcoming income and property tax incentives.
New Illinois Law Raises Earned-Income Tax Credit Legislation aimed at helping poor Illinois families keep more of what they earn was signed into law Tuesday, a month after Gov. Pat Quinn signed companion legislation granting tax breaks and incentives aimed at keeping two big employers in the state.
Sears Lists First 79 Stores To Close, None In IllinoisSears 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.
State Lawmakers To Vote On Tax Breaks For CME Group, SearsThe CME Group and Sears could be closer to deciding whether they will stay in Illinois, after two key tax votes in Springfield Monday.
Sears Disappointed In State House's Rejection Of Tax BreakSears Holdings Corp. says it is disappointed after the Illinois House of Representatives voted down legislation that would have provided tax breaks to keep the retailer, as well as the CME Group, in the state.
Illinois House Rejects Tax Breaks For CME, CBOE, SearsIllinois lawmakers went home Tuesday night after hitting an impasse over a $250 million package of tax relief designed to keep several high-profile companies from leaving the state.
Protesters: Give Tax Revenues To Schools, Not SearsA protest rally in northwest suburban Algonquin drew some 3,000 people, who said continued tax breaks for Sears would be lost revenue for schools in the area.
State Working Hard To Keep Sears In IllinoisSears and Chicago have gone hand-in-hand longer than anyone living today has been alive, and now, the State of Illinois is working hard to keep Sears from moving out of state.