What's In Store For Sears?
"The company has zero chance of success. I hate to say that, because there's still quite a few people in the U.S. at least who look to Sears for their employment, but there's no chance for the future there, in my opinion."
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"The company has zero chance of success. I hate to say that, because there's still quite a few people in the U.S. at least who look to Sears for their employment, but there's no chance for the future there, in my opinion."
After CBS 2's initial story about HOBO declaring bankruptcy, an anonymous viewer reached out to help Leroy Bell get his cabinets.
Chicago-based Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt.
The nation's largest bridal retailer filed for Chapter 11 bankruptcy protection on Monday. It owes between $500 million and $1 billion to creditors, according to court records.
Home improvement retailer, Home Owners Bargain Outlet (HOBO) filed for bankruptcy, leaving some costumers without refunds. HOBO has five stores in the Chicago area.
"I am beyond frustrated. If they're doing this to other customers, their demise seems imminent."
Facing massive debt and declining sales, Sears has filed for bankruptcy protection, and will be closing more than 180 stores by the end of the year.
Sears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
All signs point to a bankruptcy filing in the next few days. Sears' stock has fallen more than 50% in the last five days to around 35 cents a share.
One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment.
A group of investors is scrapping an auction for Toys R Us assets, despite receiving a number of qualified bids, and will work with potential partners to develop new ideas for stores.
As stunned friends and neighbors ask how the story of a couple that seemed so picture perfect could end so tragically, bankruptcy filings reveal a family that had struggled financially.
Even though the U.S. population is aging, the spike in older Americans entering bankruptcy far exceeds the demographic shift.
The mystery buyer's immense gesture of good faith is a silver lining in what, to many, has been a sad narrative on the shuttering of an iconic American business.
Friday is last call for one of the most recognizable names in retail, as the last remaining Toys "R" Us stores will close their doors for good.
Toys R Us could begin liquidation sales at its stores on Friday.
Bankrupt retailer Toys "R" Us may shut all its U.S. stores as soon as next week, according to several reports.
Toys R Us, operating under bankruptcy protection since the fall, has announced it will close up to 20 percent of its stores, as it seeks to restructure its business under increasing competition from online retailers.
Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.
James and David Hickey say they shelled out $15,000. CBS 2's Audrina Bigos reports.
Eleven people have been charged with bank fraud for a scheme that involved fraudulently obtaining credit cards and quickly maxing them out.
The court says it had 47,535 case filings in the 12-month period ending March 31, overtaking the Bankruptcy Court for the Central District of California.
One of the nation's largest sporting goods retailers, Sports Authority, has announced plans to close or sell about 140 stores, and two distribution centers, including one in Romeoville, as it files for Chapter 11 bankruptcy protection.
Gourmet cupcake shop Crumbs Bake Shop has shut down all its stores, including two in Chicago, in the wake of multimillion dollar losses.
An ambitious plan to build a 2,000-foot skyscraper in Streeterville could be getting new life, after the developer of the Chicago Spire reportedly found an investor to help it emerge from bankruptcy.
Clouds linger Saturday due to a weak system over the Dakotas and Minnesota that will try to send moisture our way.
Williams, whose paintings now are celebrated around the world, and hanging in galleries, got his start in life and in art in the heart of the South Shore neighborhood.
An Englewood organizer who wants to be a positive change for his community took CBS News Chicago behind the scenes of his group's giveaway.
Zach LaVine scored 26 points, Ayo Dosunmu and Coby White each had 20 and the Chicago Bulls beat the Atlanta Hawks 136-122 on Friday night in an NBA Cup game.
The 29-person team will advise the prosecutor's office on everything from handling gun violence cases to wrongful convictions to public corruption.
The 29-person team will advise the prosecutor's office on everything from handling gun violence cases to wrongful convictions to public corruption.
Parking garage managers said the number of parkers is down since the pandemic, as more people work remotely, leaving them struggling to make a profit.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
The reopened Pilsen facility is one of three that Mayor Brandon Johnson promised would reopen by the end of the year.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
Robin McElroy said she loves everything about her Morgan Park home—except for the panic-inducing surprises she has been getting in the mail about her supposedly unpaid taxes.
Scammers often get financial information and personal details, or lure in veterans with videos that claim they can win lots of money,
It's the season of giving, but if you're not careful with finances, you could be getting a hefty bill at the end of the holiday season.
Little Penelope Lo Destro's parents were about to start their family when there was a terrible diagnosis.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
Owner Ricky Burns made a big dream come true in the tiny space on Western Avenue in West Ridge.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
The nonprofit Far South Community Development Corporation is working to create everlasting change—and has a vision specifically for the commercial corridor at 115th and Halsted streets.
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
Foxtrot will be pouring free drip coffee between 6 a.m. and 10 a.m. at the Fulton Market location to celebrate the reopening.
The 17-time Grammy Award-winning artist's new album features 12 songs.
The British pop star is bringing her Brat 2025 arena tour to the Allstate Arena on April 28 at 7 p.m
Ravyn Lenae, a rising R&B star from the South Side of Chicago, is among the artists announced Wednesday for the popular California desert music festival.
Speaking to American Theatre in 2018, Vire said he arrived in Chicago as a "lapsed actor," and fell into theatre criticism "through the back door."
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
Seasonable temperatures for Saturday ahead of slightly milder weather on Sunday.
CBS News Chicago chief meteorologist Albert Ramon has the latest 7-day forecast.
An accomplished artist makes a trip back home, reflecting on his roots, and sharing his story about his "Sweet Home Chicago" years. Kevin A. Williams, known by his artist moniker WAK, got his start in life and in art in the heart of the South Shore neighborhood.
It's the season of giving, and it takes a lot of work to make all the charitable works happen around the Chicago area. An Englewood organizer who wants to be a positive change for his community took CBS News Chicago behind the scenes of his group's annual Thanksgiving turkey giveaway.
The holidays have arrived in downtown Chicago, as the city lit up its official Christmas tree in Millennium Park, and the annual Christkindlmarket opened in Daley Plaza.
The 53-foot Colorado blue spruce donated by the Holden-Shaddick family in Logan Square is wrapped with thousands of lights.
At least five robberies have been reported, with the latest happening on Wednesday.
Parking garage managers said the number of parkers is down since the pandemic, as more people work remotely, leaving them struggling to make a profit.
The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce.
Clouds linger Saturday due to a weak system over the Dakotas and Minnesota that will try to send moisture our way.
The 29-person team will advise the prosecutor's office on everything from handling gun violence cases to wrongful convictions to public corruption.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
The police department has spent $22.6 million in overtime this year for officers working special events — only about $2 million of which has been reimbursed to the city.
Zach LaVine scored 26 points, Ayo Dosunmu and Coby White each had 20 and the Chicago Bulls beat the Atlanta Hawks 136-122 on Friday night in an NBA Cup game.
The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce.
Craig Smith and Nick Foligno also scored as the 'Hawks stopped a three-game slide.
The Bears' defense hopes to make life miserable for Minnesota QB Sam Darnold this coming Sunday.
Will Riley led Illinois (3-1) with 18 points and nine rebounds while Kylan Boswell added 17 and Kasparas Jakucionis had 15.
The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce.
K9 officer Riggs served 8 years on the force. He was 10 years old.
One man suffered multiple gunshot wounds and was rushed to an area hospital for treatment, police said.
The woman was taken to Advocate Christ Medical Center in Oak Lawn in critical condition.
Don Archer helped police catch the thief in less than 24 hours.
