Business & Tech

Homewood Kmart to Close By Year's End

A liquidation sale will begin Sept. 29.

Homewood Kmart's days are numbered. The super shopping center, located at 17550 Halsted St., is set to shut its doors for good by mid-December.

"The store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model," Sears Holdings Corporate Communications Director Howard Riefs said. "These actions will better enable us to focus our investments on serving our customers and members through integrated retail—at the store, online and in the home."

While Sears Holdings Corporation only just verified the store's plan to close, Homewood Community Development Director Paula Wallrich says the village has been anticipating this move for months now. According to her, the village has already been proactive in working with other developers who might be interested in the location.

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The Homewood Kmart store currently employees 185 people. Riefs says workers will have the opportunity to apply for positions at other Kmart and Sears stores.

A store liquidation sale is set to begin Sept. 29.

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