Despite plans to close stores around the country, Sears Holding Corp. will not be closing its retail store at 1900 W. Lawrence Ave. or any others in Illinois. A list released by the company last night included 79 Sears and Kmart stores in Wisconsin and Indiana, but none in the company’s home state.
Sears Holding Corp. also owns the large parking lot on Lawrence Ave. and Ravenswood Ave. The company is a minority stakeholder in plans to develop the property into a new commercial retail space and residential apartments.
The company was recently awarded $275 million in tax breaks from the Illinois legislature to ensure that it keeps its national headquarters in northwest suburban Hoffman Estates.