Sears prepares for bankruptcy (update: files for Chapter 11)
Posted Oct 10, 2018 - 5:10 am
Posted Oct 10, 2018 - 5:24 am
Well ... I think we all saw it coming.
Posted Oct 10, 2018 - 5:58 am
long time coming, no big surprise there
Posted Oct 10, 2018 - 6:05 am
The timing of this (if it happens) means that we'll still end up posting a Sears BF ad because it was likely finalized weeks ago but the stores likely won't honor the sale as they'll be doing liquidation sales most likely.
Posted Oct 10, 2018 - 11:13 am
Our last Sears just closed its doors (or, if not, they are in the last few days). I went in when everything was marked way down already, and checked out with over $50 total. The cashier handed me my receipt, and then handed me a gift card and said "Here! You earned a $10 gift card!" with a big smile on her face. I laughed, and said a $10 gift card to a store that's closing???
Posted Oct 10, 2018 - 2:46 pm
Not surprising...glad I was able to get a good deal on new Kenmore appliances from them earlier in the year.
Posted Oct 10, 2018 - 6:08 pm
Surprised it hasn't happened sooner.
Posted Oct 15, 2018 - 3:37 am
So they found enough $ to be able to file for chapter 11 instead of chapter 7. So stores and the web sites stay open for now although they are going to close even more stores by the end of the year.
Just postponing the inevitable in my opinion...
Posted Oct 15, 2018 - 5:40 am
Wish someone with some business sense would buy them and bring them back. They need updating and the current company is not the one to do it.
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