(CNN) Sears will shut the doors on its last department store in Illinois come fall; the state in which its first retail store opened in 1925. The Sears department store in the Woodfield Mall in Schaumburg, a Chicago suburb, will close on November 14. Transformco, which acquired Sears Holdings after the company filed for bankruptcy in 2018, confirmed its plans to redevelop the property. "We intend to reinvigorate and maximize the value of the real estate while enhancing the consumer experience with popular retailers that fit the regional draw of Woodfield Mall," said Scott Carr, president of Real Estate for Transformco. Transformco said the company is focused on growing sears.com and the Sears Home Services business.

Source: CNN September 18, 2021 21:33 UTC