Sears To Open First Batch Of Smaller Stores
The first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company's traditional stores.
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The first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company's traditional stores.
Even with this latest reprieve, Sears' long-term survival remains an open question. Lampert hasn't put forth any specific reinvention plans and the company still faces cutthroat competition from Amazon, Target and Walmart.
Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.
Many employees and customers are in shock. Many thought liquidation was inevitable. But now the 126-year-old company may have one lifeline left.
After two long delays at a morning hearing in bankruptcy court, attorneys for Sears announced it had accepted a revised bid from a hedge fund controlled by Eddie Lampert, the chairman and former CEO of Sears. The deal could keep 425 of the stores open.
Yarehlie Ariana Nava was welcomed into the world at 12:05 a.m. Tuesday, making her the first baby born in Cook County in 2019.
Passionate arguments erupted Thursday night during a conversation about a veterans' cemetery being proposed in northwest suburban South Barrington.
Sears is based in Hoffman Estates and still employs 89,000 people.
The share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
The officer was responding to a call around 3:40 a.m., when she collided with an SUV at the intersection of Barrington and Golf roads.
Michael Kelly, of West Dundee, has been charged with two felony counts of aggravated driving under the influence, and one felony county of driving under the influence.
A homeless man was charged with robbing a bank last week in northwest suburban Hoffman Estates.
Hoffman Estates woman has been charged with trying to kill her two children, before apparently attempting suicide on Tuesday.
The underage limo driver involved in a crash that left one passenger dead and five others injured last year on the Jane Addams Memorial Tollway near Hoffman Estates won't serve any jail time.
The fire started around 1 a.m. at a home in the 600 block of Mohave Street.
A man robbed a bank at gunpoint Saturday afternoon in northwest suburban Hoffman Estates.
Train with other runners in the area when you join the following running clubs in Chicago.
The crash, which involved a van and a tow truck, happened on westbound I-90 at mile post 63.5 about 12:53 a.m., according to a statement from Illinois State Police.
Two proposals to save a 116-year-old Hoffman Estates farmhouse will be considered by a village board committee Monday night, reports WBBM's Terry Keshner.
Illinois-based Sears is shedding 250 jobs, amid a new quarterly report showing the retailer has lost money and share value.
James Smith-Woodward was cleaning his gun at the Hawthorn Suites in the 2800 block of Greens Point Parkway in Hoffman Estates when he shot himself once in the abdomen.
The Bulls are holding a contest to name the team.
Steven Sanchez's motorcycle was discovered in the Loop near I-290 and I-94. Police checked the area, but could not find the driver at the time and deemed the crash a hit-and-run.
A 5-year-old girl was fatally struck by a car Saturday afternoon in northwest suburban Hoffman Estates.
Bria Abrams, 21, has been charged with felony theft, for allegedly stealing from five elderly people living at Alden Poplar Creek, at 1545 N. Barrington Rd., while she worked there.
Teuvo Teravainen had two assists as the 'Hawks closed out a perfect three-game homestand.
The teams will meet again in Chicago on Saturday night.
Angel Santiago was diagnosed with testicular cancer during his senior year of high school.
Martinez was at Luther Burbank Elementary, 2035 N. Mobile Ave., as the Special Olympics recognized the school for excellence in inclusive sports programming.
The toys arrived at the hospital on Thursday, and the parents of those children were more than pleased to get help in their time of need.
Martinez was at Luther Burbank Elementary, 2035 N. Mobile Ave., as the Special Olympics recognized the school for excellence in inclusive sports programming.
Henyard had named three people to serve as police chief, village administrator, and village attorney without approval from the village board.
Many, including alderpersons and the members of the incoming elected school board, are denouncing the planned agenda.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
The House Ethics Committee voted to release its report on the investigation into former Rep. Matt Gaetz on Dec. 5, according to multiple sources.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Anyone who has an affected Connie's Pizza in the freezer should either throw it out or bring it back to the store for a refund.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
An even larger investment of $500 million is going toward 10 new outpatient facilities throughout the South Side that will add 85,000 health care appointments each year.
Scientists used the NanoGripper to grab particles from the SARS-CoV2 virus that causes COVID-19.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
Owner Eddie Lakin made the announcement Wednesday. He said the last day for the restaurant at 1571 Sherman Ave. would be this coming Saturday, Dec. 21.
This move was anticipated back in the summer, and comes months after the mortgage company Guaranteed Rate changed its name simply to Rate.
Both President Biden and President-elect Trump have vowed to block the $15 billion acquisition on national security grounds.
The bar has been in the ownership of the same family since 1989.
Taylor also played two nights at Ravinia this past June.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
The lawsuit alleges the unidentified girl was raped at a Video Music Awards afterparty in 2000.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
Here are the top songs, artists, and albums streamed on Spotify in Chicago this year, according to communications agency Burson Global.
Meteorologist David Yeomans has your 10 p.m. First Alert Weather forecast for Thursday, Dec. 19, 2024.
Lithium-ion batteries in your tablet, laptop, phone, or even electric toothbrush can be flammable when they’re damaged or overheat. National Consumer Correspondent Ash-har Quraishi reports on efforts to make passengers more aware of the risks.
The giveaway in Chicago will ensure that 800 kids have something under the Christmas tree.
The nonprofit is dedicated to connecting disadvantaged young people with housing, health care, and a human connection. It held the giveaway in Chicago's South Shore neighborhood.
Lawmakers in the U.S. House have a little more than 24 hours to pass a government spending bill.
Police said the man broke into a home in Berwyn and killed two dogs, then later fired at officers in a nearby yard.
Accumulating snow will impact Chicago and surrounding areas through Friday morning.
Sidi Mohamed Abdallahi, 22, had been facing hate crime and terrorism charges in an attack on a Jewish man in late October. He has since died by suicide in custody
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
Teuvo Teravainen had two assists as the 'Hawks closed out a perfect three-game homestand.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Now-retired Joliet police Sgt. Javier Esqueda was charged in connection with leaking squad car video of a man who died in Joliet police custody.
The original bus company they paid $10,000 to take them to Tampa left them stranded Wednesday night.
Teuvo Teravainen had two assists as the 'Hawks closed out a perfect three-game homestand.
The teams will meet again in Chicago on Saturday night.
While Sosa did not specifically address allegations he used performance-enhancing drugs, he said he "left it all on the field" and "did whatever I could to recover from injuries."
Edwards shot 8 for 15, including 6 for 13 from beyond the arc for the Ramblers (9-1).
Williams' completion percentage so far this year is 61.9%, which would be lower than any of his three college seasons.
Sidi Mohamed Abdallahi, 22, had been facing hate crime and terrorism charges in an attack on a Jewish man in late October. He has since died by suicide in custody
Damonte McCorkle is charged with aggravated kidnapping, two counts of aggravated carjacking, and armed robbery.
Police said the man broke into a home in Berwyn and killed two dogs, then later fired at officers in a nearby yard.
Two other men also have been charged in the shooting and are awaiting trial.
Police said the boy has been charged with four counts of aggravated battery, four counts of robbery, two counts of attempted robbery, one count of armed robbery, and one count of aggravated robbery.
