Village ends 5-year litigation with Sears Holdings on Kmart property; 111th Street and Cicero Avenue Kmart to close.
The Kmart store at 11000 S. Cicero Ave. in Oak Lawn has been added to the list of stores being closed by Sears Holdings Corp. No closing date was announced for the store, but Mayor Dave Heilmann said the store would likely close by May 31. It is the first store in the Southland to be designated for closing since Sears Holdings Corp. announce last year that it would close between 100 and 120 underperforming stores. Kmart also operates a store at 4101 W. 95th St. in Oak Lawn, which will remain open. A Kmart store typically employs 40 to 80 workers. Sears Holdings, which posted a $2.4 billion fourth quarter loss on Thursday, also said it would sell off its outlet store division—including a store that recently opened in Tinley Park and a store…
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11000 S Cicero Ave, Oak Lawn, IL
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Did state lawmakers drop the ball on due diligence voting in favor of a tax-package to keep Sears Holdings in Illinois before it announced that it would close 120 Sears and Kmart stores?
So far local Sears and Kmart stores have escaped the ax in the wake of an announcement by Sears Holdings Co. that it would close 120 retail stores nationwide because of poor holiday sales. Sears Holdings Corp.’s announcement to close retail stores on Dec. 29 came on the heels of a vote by the Illinois General Assembly guaranteeing the company $15 million in tax breaks to keep Sears’ headquarters in Hoffman Estates as reported by the Chicago Tribune. State house and senate members passed the tax break package earlier last month that was aimed to keep Sears as well as the Chicago Mercantile Exchange from moving out of Illinois. Gov. Pat Quinn signed the legislation into law. Combined, Some state lawmakers, such as Sen. Ira Silverstein of …
Stacy B.
2:19 pm on Tuesday, February 19, 2013
Agreed. Even another commenter stated that they drive to Orland or Countryside to shop. Chicago Ridge Mall has almost all the same big box stores as Orland. Unless you have a pension for Macy's or JC Penny, you can get the same stuff at Chicago Ridge... yet you drive to Orland and add to its congestion. Why would someone go to 111th & Cicero for that? If they do decide to put anything big box … more ›