The incident took place at a Lululemon store in the 900-block of West North Avenue at about 5:05 a.m.
Police said a group of suspects broke the front door of the business and then stole merchandise from the store.
The window of the high-end fitness clothing store was smashed with merchandise scattered on the floor.
The suspects then fled westbound in two waiting vehicles, a white SUV that may be a Jeep Grand Cherokee and a red sports car, police said.
Police are also investigating a series of armed robberies that occurred nearby at around the same time.
Area Three detectives are investigating and no one is in custody.
This comes as Mayor Brandon Johnson and Chicago Police Superintendent Larry Snelling will hold a press conference to address robberies in the city.
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