Sears to close Chicago flagship store

Sears is planning a Chicago-style liquidation this month, as it prepares to shutter its flagship store on North State Street in the heart of the Windy City's Loop. 

The Chicago Tribune quoted a Sears spokesman: "The store has lost millions of dollars since opening and we can no longer continue to support the store's operating losses." The store has operating in the location since 2001. 

Liquidation sales are expected to begin Jan. 26, with a closing in April.

Sears Holdings operates more than 2,000 Sears and Kmart locations in the United States.