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Sears Will Close Its Flagship Store In Chicago

Hayley PetersonJan 22, 2014, 04:17 IST

REUTERS/Andy Clark

Sears Holdings Corp. plans to close its flagship location in Chicago in early April, Crain's Chicago Business is reporting.

Sears will begin liquidating merchandise at the store, which is located at 2 N. State St., on Jan. 26, a spokesman for retailer said in an email to Crain's.

The struggling department store reported quarter-to-date comparable store sales declines of 7.4% earlier this month. Year-to-date sales are down 3.9%.

Sears announced a plan in 2012 to close 120 Sears and Kmart stores in an effort to reverse declining revenues.