previously reported Transformco, Sears' parent company, announced in September that the department store located at Woodfield Mall in Schaumburg will be shut down on Nov.
14. The company explained "This is part of the company's strategy to unlock the value of the real estate and pursue the highest and best use for the benefit of the local community,' according to The Daily Herald.When the mall opened up 50 years ago, Sears was the anchor store.
News of its impending final closure marks the end of an era for some local observers. RELATED: Sears to close final Illinois store in November: report"For me personally, and for the village and its residents, Sears has been such a presence in the Chicago area and the nation," Schaumburg Mayor Tom.