John Arena

How long can Chicago's last Sears store beat the odds?

How long can Chicago's last Sears store beat the odds?

It’s the last Sears store operating in Chicago. But considering the woeful financial health of its owner, you have to wonder: How long can it stick around?

It’s a question that hovers like a fog over the Northwest Side’s Portage Park neighborhood, where Sears has been a retail standard-bearer at Six Corners since 1938. This week, Sears Holdings Corp. said it’s trying to refinance more than $1 billion in debt, but if it fails then all options — and presumably that includes more store closings — are on the table.

Sears says it has no plans to close the store, adding that it looks “forward to continuing to serve our members and customers on Chicago’s Northwest side,” according...

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