Search
 

Sears Names 79 of the Planned Store Closures

HOFFMAN ESTATES, IL-Coincidence or not, not one of the Sears and Kmart stores on the list is in Illinois, which two weeks ago handed out a large tax cut to keep the company in the state.

By Robert Carr | Updated on December 29, 2011

HOFFMAN ESTATES, IL-Coincidence? Maybe, but on a list released today by Sears Holdings Corp. of many of the stores it plans to close, its home state, that recently approved a large tax cut for the company, is remarkably missing. The list of 79 of the up to 120 closing stores is now on the retailer’s Web site.

Not one of the doomed 79 stores, including the Sears, Kmart and Grand/Essentials brands, is located in Illinois. Just two weeks ago, Gov. Pat Quinn signed a law to give the company a $150 million tax cut over 10 years, as the retailer was talking about moving out of state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.