http://www.chicagotribune.com/busine...wsbreaking-hed Quote:> Carson Pirie Scott will close its historic flagship store on State Street in the Loop, where it has been selling goods for more than a century, a victim of industry consolidation and changing shopping habits..... Bon-Ton Stores Inc., the department store operator that took over Carsons in March, said the giant store, which encompasses an entire downtown block and consists of nine conjoined buildings, was too expensive to operate. It doesn't make money and sales have been falling for the past two years, said Bud Bergren, president and CEO of the York, Pa.-based company.... | >The greedheads will make noise about the big box ordiance but in short the revenue from the store was not enough given the land valuation. I presume they'll leave the facade inplace and gut the interior and mechanical systems.> |
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