The last Sears department store located in the retailer's home state of Illinois is getting ready to close its doors for good.
The shop, located in Simon Property Group's Woodfield Mall, is slated to shutter on Nov. 14, the company confirmed to CNBC.
A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is "substantial doubt" about the company's financial viability.'s Woodfield Mall, is slated to shutter on Nov. 14, the company confirmed to CNBC.
A spokesman for the department store chain's parent company, Transformco, said it will look for ways to revive the space with another tenant because it also"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," Transformco said in a statement.
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