WBBM Newsradio/Bernie Tafoya

Shoppers Respond To Sears Filing Chapter 11 Bankruptcy

October 15, 2018 - 11:45 am
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CHICAGO (WBBM NEWSRADIO) -- Sears Holdings Corporation, a company whose roots in Chicago go back more than 125 years, continues to fall on hard financial times and has filed for Chapter 11 bankruptcy protection.  

Sears Holdings Corporation has closed hundreds of Sears and Kmart stores in the past couple of years and, by the end of the year, 142 more stores are expected to close.

RELATED: Sears Files For Chapter 11 Amid Plunging Sales, Massive Debt

"There’s been several stores that we’ve heard on the news that have been closing, so it wasn’t a surprise," said 53-year-old customer Mary Calhoun.

Calhoun and her 59-year-old husband Dan were at the Sears in North Riverside on Monday. They were there mainly to try to spend a Sears gift card they were holding. Dan Calhoun said, "been sitting on that gift card since last Christmas. So, and then seeing the news it’s time to let it go for something. We’re going to buy something."

Mary Taylor said she worked for the retailer for 41 years before retiring in 2005. She said she still shops there and, of the bankruptcy protection filing said, "it hurts."

Taylor said she supports Sears doing what it has to do to survive.

The Calhouns remember the days of flipping through the Sears catalog.

"That was the big thing…the Wish List. They didn’t have the Internet…had to look at a picture in a book. And, it was kind of cool to do your Christmas shopping, as a kid, by ‘hey, Mom, this is kind of cool’," they said.

By the way, the Wish Book returned last year online.