Report: Kmart parent company considers HQ move
HOFFMAN ESTATES, Ill. — The parent company of Kmart is considering taking its headquarters out of Illinois, according to published reports.
Sears Holdings reportedly is looking to call another place home, with such states as Ohio, North Carolina, South Carolina, Texas, Georgia and New Jersey being considered, the Chicago Tribune and other media outlets have reported. The reason behind the possible move could be because state and local tax incentives for the company, which currently is based in the Chicago suburb of Hoffman Estates, will expire in 2012, the reports noted.
Sears Holdings formed in 2004, following a merger between mass merchandiser Kmart and namesake Sears.