@mrvietnam said in PSA: Sears to liquidate all stores (OFFICIAL):
Game over. It was a good run while it lasted. I was able to accumulate enough 13 gallon kitchen trash bags, toilet paper, Ajax dish washing liquid, bar soap. and storage bags, among other things, for the next 7-10 years thanks to the 100% back SYW deals.
In a real way, Sears’ demise is kind of sad. They had a 125 fabled history. They went from being the pioneers and King of mail order and modern retailing to bankruptcy and liquidation in 2018 and 3019.
https://www.youtube.com/watch?v=9rKeqPEGMvM
If you are interested in watching the histories of Sears and/or K-Mart, there are a lot of interesting videos on You Tube.Many people may think it was Sears who acquired Kmart, but in actuality it was Kmart that acquired Sears (in 2004). Before 1990 Sears and Kmart were the two largest retailers in the United States and the fact they were even allowed to merge without government intervention in 2004 speaks to their decline in those 14 years.
I have one last online order to pick up in store today. I placed it yesterday and got an email yesterday that it was ready to pick up. Hopefully with the bankruptcy it will still be available to pick up (I used a $15 off $15 coupon on it, just in time I might add). According to yesterday’s CNBC story they already have a liquidator chosen, so I could only imagine that liquidation sales could start as early as tomorrow (Wednesday) morning.
With this kind of financial support, I’m surprised they were struggling.