Sears Holdings declined repeatedly to comment on whether it is moving from 2 N. Marty Stern, board chairman of the Chicago Loop Alliance, said he's not aware of any imminent plan by Sears to close its State Street store. Retailers like Sears have found themselves under pressure in Canada amid an influx of new competition from the U. About half of the affected employees - — work in Ontario and include sales associates, installation specialists, inspectors, managers and office assistants, among others. By Becky Schlikerman, Sandra, Guy, and Fran Spielman Chicago Sun-Times December 18, On the heels of closing dozens of schools, Chicago Public Schools is moving its headquarters to smaller offices, in the same building that currently houses Sears' flailing flagship store off State Street, raising questions over its future, the Chicago Sun-Times has learned. CPS officials have been looking at downsizing the central office since spring. Location also was a consideration.
CPS plans to be in the new space by November. State, employing software developers, project managers and technical architects. Clark, where it has been since , to the first three floors at 1 N. Customers who have made deposits with Sears Home Services for home installed products are being asked to call and leave a message to learn what will become of their money. There is "opportunity for more store closures. Sears and Alaris Income Growth Fund are the only two secured creditors. By Becky Schlikerman, Sandra, Guy, and Fran Spielman Chicago Sun-Times December 18, On the heels of closing dozens of schools, Chicago Public Schools is moving its headquarters to smaller offices, in the same building that currently houses Sears' flailing flagship store off State Street, raising questions over its future, the Chicago Sun-Times has learned. The key to stabilizing the business now is bringing costs in line with revenue, he said. That includes the former Wentworth Elementary School building, S. Jesse Ruiz, the school board vice president and a lawyer, said there's just too much unnecessary space in the current office building. Sales in stores open at least a year increased 1. Sears also has a network of smaller Hometown franchises in rural or small markets. Dearborn, CPS officials said. Sears's business has shrunk in recent years but its costs haven't declined at the same pace, Campbell said. The Chicago Board of Education is anticipated to take up the move on Wednesday. Tyrrell declined to say what it might be worth. While CPS didn't necessarily need to be headquartered in the Loop, it wanted to be centrally located for those who need to travel to the schools or travel to the CPS central office. The stock rose 1. Sears Canada's third quarter revenue declined 6. When asked what she hopes will take Sears' place when it closes, Hong answers immediately. The central office staff, which now has about 1, people, has shrunk over the years. Former Sears CEO Mark Cohen, who is now a professor of marketing at Columbia Business School, said that when he left the company in , it was profitable across all divisions, including home services. Sears Canada is the worst-performing department store stock this month among 15 global peers -- with U. Sears, based in Hoffman Estates, has been cutting costs and inventory and shedding assets -- moves designed to help it return to profitability. Those costs include building operations and maintenance. Spokesman Howard Riefs said in a statement:
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