Orland Square Sears Slated for Closure By April

ORLAND PARK, IL -- The Orland Square Sears is among 39 Sears stores slated to close by early April. Sears Holdings, the parent company of Sears and Kmart, informed employees on Thursday that it will be closing additional stores. The financially-struggling retailer also announced that it will shutter 64 Kmart stores. Liquidation sales are expected to begin by Jan. 12.

"We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members," the company said in a statement.

Last October, Seritage Growth Properties, which owns the Sears store that is attached to Orland Square Mall, announced it had entered into a lease agreement with AMC Theatres. Plans are to fully renovate the Sears' upper level into a state-of-the-art, 10-screen theater.

>>> Sears To Close More Than 100 Stores By Spring

Sears currently leases 175 wholly owned properties from Seritage, which has repurposed 50 Sears and Kmart stores. Plans also called for converting the lower level into a consolidated and renovated Sears store. It’s unknown what is going to happen to plans for Sear’s lower level in light of Thursday’s announcement.

Other Illinois Sears locations slated for closure include Bourbonnais and Marion. Kmart stores that will be closing their doors in Illinois are West Frankfort, Mount Vernon and Rockford.

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