Sears Filing For Bankruptcy This Weekend? – HUGE Clearance Sales for Sears And Kmart Liquidation ?!
Sears Bankruptcy Very likely in the next few days.
8 years ago is when it all started. The early warning signs of Sears heading toward bankruptcy and now it looks like the time has finally come. Eddie Lampert and his Hedge fund bailed the company out over and over again using the valuable assetts that Sears owned as collateral over this time leaving only the remaining stores still in rough shape and a company that owes many suppliers. The suupliers have had enough but that is not all bad news for Lampert who is mulling the idea of purchasing the remaining assets for pennies in a bid during bankruptcy.
Bankruptcy protection would give the company through Christmas a lifeline with a major liquidation likely coming in early 2019. Either way it means clearance sales and closeout deals are coming very soon so be ready. We will likely see these in stores as well as online. For those of you that have Shop Your Way Rewards coming spread out over months you may not get them all if this happens. The best bet is to spend your rewards NOW that you currently have and not wait..
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