Attention Kmart Shoppers: Village Reaches Settlement With Sears Holdings at Cost of 80 Jobs
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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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 ›