No Sears, Kmart store closings in Illinois

AP News
Posted: Dec 30, 2011 9:53 AM
No Sears, Kmart store closings in Illinois

None of the 79 Sears and Kmart stores that Sears Holdings Corp. announced would close are in Illinois.

The Hoffman Estates-based retailer announced specific stores it would close on Thursday. Sears said earlier this week that it would close up to 120 stores nationally after poor holiday sales. Sears said Thursday's list may be updated.

The retailer had reached an agreement with Illinois officials to keep its headquarters in the state. Gov. Pat Quinn had said the store closings don't affect that agreement.

Quinn signed legislation guaranteeing the company $15 million in tax breaks after the company threatened to move.

The Daily Herald reports that a Quinn spokeswoman says the governor had a "good, long conversation" on Wednesday with Sears CEO Lou D'Ambrosio and is pleased with today's outcome.