State Street, once known as “that Great Street,” had fallen on hard times by the late 1970s.
The 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.
Sears’ flagship store on State Street will close in April, the company announced Tuesday.
While many other consumers will simply avoid holiday crowds at shopping malls or even wait until Cyber Monday, retail stores across the nation will be buzzing with activity on the day after Thanksgiving. The following are five of the best American cities for Black Friday deals.
A Chicago man said Sears is lucky he’s honest; otherwise, the retailer could have exposed hundreds of its former employees to identity theft.
A 10-year-old girl was critically injured after she fell over a railing at a Loop department store Friday afternoon.
The original “Sears tower” can’t be missed from the Skyway, and below it sits the 90-year-old Sears store – a fixture in the Grand Crossing neighborhood. But it’s soon to be gone, CBS 2’s Dana Kozlov reports.
Chicago is abundant in luxury shops and fun winter festivals but it is also packed with those in need this holiday season. Take this opportunity to find a way to help others through a holiday gift donation.
Something of a layaway war has erupted among big retailers.
A former partner in the prestigious accounting firm Deloitte and Touche has pleaded guilty to making $420,000 by trading on inside information about clients.
Headline: Sears Extremists Fly Plane Into Willis Tower. To the satirical newspaper “The Onion”, that’s comedy–the kind their writers have been doing for decades. However, many people believe any humor about the tragedy of Sept. 11 crosses the line.
An elderly woman from Maywood, who feared she’d be left without a good way to stay cool during the heat wave when her air conditioning broke, now has two brand new A/C units thanks to an outpouring of support from CBS 2 viewers who heard about her plight.
For the third time in just the past few weeks, police are trying to find some brazen thieves who get into stores by smashing their way in.
Fans began to line up at 3:30 p.m. Thursday for the two-hour, 5 p.m. Friday promotional appearance at Sears.
Sears 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.
CBS 2’s Walter Jacobson thinks Illinois lawmakers should redo the controversial tax breaks that Sears received for staying.
The St. John, Ind. Kmart survived tragedy in 1985, but now apparently cannot survive this economy. CBS 2’s Mike Parker reports.
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.
Hoffman Estates-based Sears Holdings Corp. is closing between 100 and 120 Sears and K-Mart stores, after abysmal holiday sales.
Even at the early hour of 5 a.m. on the day before Christmas Eve, stores were open for business, and plenty of consumers were out shopping.