The Sears in West Dundee’s Spring Hill Mall is set to close by February, its parent company announced.
Transformco acquired the majority of Sears Holdings Corp.’s assets early this year, and it now plans to shutter 96 Sears and Kmart stores.
Going out of business sales are expected to begin Dec. 2, with the stores to close by February, according to Transformco.
The company has faced “a difficult retail environment and other challenges” since the acquisition, according to a notice it released. A total of 182 Sears and Kmart stores will remain open after the closures.
“We have been working hard to position Transformco for success by focusing on our competitive strengths and pruning operations that have struggled due to increased competition and other factors,” Transformco officials wrote. “To support these initiatives, our owners – along with a third-party investor – have recently provided the company approximately $250 million in new capital. As part of this process, we have made the difficult but necessary decision to streamline our operations and close 96 Sears and Kmart stores.”
Sears is one of the anchor stores at the West Dundee mall, which houses 65 other stores and restaurants, according to its website.
McHenry’s Sears closed in 2012, although an appliance outlet still operates at 1750 N. Richmond Road. The next closest Sears is at Woodfield Mall in Schaumburg.