Glen Beck
Coast To Coast AM
12Mid-4am 

No Sears or Kmart Stores Will Be Closed In Illinois



None of the 79 Sears and Kmart stores that Sears Holdings Corp. plans to close are in Illinois. The Hoffman Estates-based retailer announced the specific stores it would close on Thursday. It said earlier this week that  it would close up to 120 stores nationally after poor holiday sales. The retailer had reached an agreement with Illinois officials to keep its headquarters in Illinois.

Gov. Pat Quinn had said the store closings don't affect that agreement. Quinn signed legislation guaranteeing the company $15  million in tax breaks during the next decade. The company had threatened to move its headquarters from the state before securing the tax incentives. The tax breaks depend on the company's ability to maintain 4,250 jobs at the Sears headquarters in Hoffman Estates.

Filed Under :  
Topics: Business_Finance
Social:
Locations: Hoffman EstatesIllinois
People: Pat Quinn