Sears' clearance sales will be full of steep discounts, but one key uncertainty could keep shoppers from biting (SHLD)
AP Photo/Paul Sakuma
- Sears has filed for bankruptcy and said it is closing 142 stores before the end of the year.
- GlobalData Retail's Neil Saunders says it is wise for these stores to stay open for the holiday shopping season in order to clear out inventory, but he warns that customers may be turned off of the deals because of the uncertainty around warranties.
- Sears has long been a top seller of appliances in the United States, and many of those items come with warranties.
Sears has filed for Chapter 11 bankruptcy protection and announced it will close 142 stores. These stores will close by the end of the year, giving them the chance to tap into the holiday shopping season on their way out.
While holiday sales are a good time to clear out inventory, at least one analyst says that some customers might be turned off by the uncertainty around the retailer's warranties. See the rest of the story at Business Insider
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See Also:
- 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy
- Sears, once the largest retailer in the world, has filed for bankruptcy and is closing 142 stores. Here's how it got there.
- Sears has confirmed plans to shut down 142 more stores, and will hold massive liquidation sales