RadioShack closing in Frankfort

RadioShack is closing its store in Frankfort. (Photo by Bob Bong)

Troubled electronics retailer RadioShack has been holding a store closing sale at its Frankfort location in the Frankfort Crossing plaza at U.S. 30 and LaGrange Road.

The Frankfort location is one of nine stores in Illinois being closed and the only one in the south suburbs. Other locations are in Willowbrook and LaGrange.

Liquidation sales at the stores are expected to be completed by March 28.

The company filed for Chapter 11 bankruptcy protection last week, its second such filing in two years. The company is looking to close at least a third of its remaining locations and possibly turn over some to Sprint.

As many as 365 locations could be transferred to Sprint, which operates stores inside some RadioShack stores, the company said in court filings. Among that second group are stores in Chicago’s McKinley Park neighborhoods.

RadioShack said it is still considering its options for the retailer’s remaining 1,000 stores.

Local JCPenney stores not on closing list

Seven Illinois locations are among 138 JCPenney stores closing nationwide, the retailer announced on Friday.

Last month, the Texas-based company announced it was closing a large number of brick-and-mortar stores and several distribution centers across the country to better compete in a changing marketplace where online shopping has become common.

“We are pleased with the double digit growth of jcpenney.com and how leveraging our brick and mortar locations is enabling us to offset the last-mile delivery cost,” the company said in a statement in February.

“We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers,” CEO Marvin R. Ellison said.

The Illinois closings include JCPenney stores at the following shopping centers, plus a freestanding location in Macomb:

  • Centerpointe of Woodridge, Woodridge
  • Eastland Mall, Bloomington
  • Fulton Square, Canton
  • Village Square Mall, Effingham
  • Peru Mall, Peru
  • Northland Mall, Sterling

A full timetable for closings has not been released, but JCPenney has said liquidation will begin April 17 and most stores will shut their doors in June.

The closings will affect a reported 5,000 jobs nationwide.

“JCPenney is in the process of identifying relocation opportunities within the Company for esteemed leaders,” the company said Friday in a news release. “Additionally, JCPenney will provide outplacement support services for those eligible associates who will be leaving the Company.”

The closings will not affect stores in Calumet City, Bourbonnais, Orland Park, North Riverside, Joliet, Matteson, Mokena and Ford City Mall.