Sears Filing For Bankruptcy This Weekend? – HUGE Clearance Sales for Sears And Kmart Liquidation ?!

 

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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..

More News On Sears Bankruptcy

Big Lenders Make Push to Liquidate Sears

Big Lenders Make Push to Liquidate Sears

October 11, 2018 - Wall Street Journal

Some of Sears Holdings Corp.'s biggest lenders were pushing for it to liquidate rather than use bankruptcy protection to try to save an American legend whose stores and catalogs dominated retailing for generations, according to people familiar with the...

Sears Hires Advisers to Prepare Bankruptcy Filing

Sears Hires Advisers to Prepare Bankruptcy Filing

October 10, 2018 - Wall Street Journal

Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt...

Sears, once the largest retailer in the world, is closing hundreds of stores and reportedly planning to file for ...

Sears, once the largest retailer in the world, is closing hundreds of stores and reportedly planning to file for ...

October 13, 2018 - Business Insider

According to The Journal, Sears' controversial CEO Eddie Lampert, who has come to the retailer's rescue in the past with billions of dollars worth of loans through his hedge fund ESL Investments, is not bailing it out this time. However, according to...

Four Strategic Mistakes Distanced Sears From Customers And Employees

Four Strategic Mistakes Distanced Sears From Customers And Employees

October 13, 2018 - Forbes

For decades, retail pioneer Sears ruled the US retailing industry. Its mail order catalogues and retail stores captured the hearts and wallets of middle-income Americans. That's how Sears hit one landmark after another. In 1945, the company crossed $1...

Timeline: The rise and fall of Sears

Timeline: The rise and fall of Sears

October 12, 2018 - CNBC

Sears Holdings is on the verge of filing for bankruptcy after 125 years in business, closing a chapter in the company's long-and-storied history. Founded in 1893 as Sears, Roebuck and Co., it's been a long and slow fall for the department store chain...

Profiting Off a Sears Bankruptcy Not So Simple for Rivals

Profiting Off a Sears Bankruptcy Not So Simple for Rivals

October 13, 2018 - Wall Street Journal

In much the same way, Sears's appliance sales will also transfer, likely to Home Depot , Lowe's , and Best Buy . The company's total sales are now just under $12 billion, down from $50 billion in 2007. Appliance sales make up some $4 billion to $4.5...

Sears, nearing possible bankruptcy, is sued by suburban school district over millions in diverted taxes

Sears, nearing possible bankruptcy, is sued by suburban school district over millions in diverted taxes

October 13, 2018 - Herald & Review

HOFFMAN ESTATES — In more bad news for Sears, a suburban school district is suing the once-mighty retail giant, saying the schools should get back some of the millions of dollars in diverted tax money because Sears has violated the agreement that...

Here's what might replace the hundreds of Sears stores closing across the country

Here's what might replace the hundreds of Sears stores closing across the country

October 13, 2018 - mySanAntonio.com

Sears could close hundreds of stores in the coming months as it nears bankruptcy. Mall owners are increasingly looking to attract gyms, off-price retailers, and grocery stores to the spaces left by dead department stores, according to a recent report...

Sears Exit Would Leave Big Holes in Malls. Some Landlords Welcome That.

Sears Exit Would Leave Big Holes in Malls. Some Landlords Welcome That.

October 12, 2018 - Wall Street Journal

“The top 50 mall owners in the country were dying to get Sears out of the mall, so they're thrilled,” said Corey Bialow, chief executive at Bialow Real Estate LLC, a firm that represents retail tenants. “Where it's going to hurt most [is] at malls that...

 

 

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