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Sears to shutter downtown Chicago store amid decline in sales

By Bloomberg News

This article was published January 22, 2014 at 11:07 a.m.

Sears Holdings Corp. plans to close its money-losing namesake location in downtown Chicago, reducing its physical presence in the city as it shrinks its store network and divests assets amid a decline in sales.

Sears will shutter the store at 2 N. State St. in Chicago’s Loop business district in April, Howard Riefs, a spokesman, said in an email.

The closing will end Sears’s presence in Chicago’s prominent shopping and business district as the retailer moves to cut expenses and raise cash.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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KMS says... January 22, 2014 at 1:44 p.m.

If the hedge fund manager had left Sears alone and hadn't bled it dry and took the Kenmore brand and trashed it, Sears would be doing okay.

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