Sears liquidation sales spark ‘extraordinary’ opportunity for shoppers – the store locations offering huge discounts
SHOPPERS can find some incredible liquidation sales at an iconic American store closing the last of its 115 branches.
Sears filed for bankruptcy last month, and is looking to sell approximately $40million of inventory at heavily reduced prices.
Around 115 stores across the US will close and prices will be slashed on goods by up to 40 percent.
Name-brand home appliances, tools, and lawn and garden items will all be up for grabs at the soon-to-be shuttered locations.
"This truly is an extraordinary buying opportunity for communities across America," said Arnold L Jacobs, an executive with Tiger Capital Group which is facilitating the sales.
"These 8,000 to 10,000 square-foot stores are filled with in-demand tools and home appliances.
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"It's everything from Craftsman socket sets, Workpro powers tools and Kenmore washing machines, to Honda riding lawnmowers, Eureka vacuum cleaners and DieHard tool cabinets.
"As compared to the original price, the discounts are as high as 40 percent.
"That can go even higher in the case of floor models and scratch-and-dent items."
The closures are set to affect Americans in more than 30 states as well as Puerto Rico as shops from coast-to-coast will shut their doors for good, Best Life reported.
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A dozen stores in Arkansas will close, while eight outlets will be shut in Texas.
And, six stores across California will be closing its doors for good.
"These sales also come at a time of high inflation and continuing supply-chain disruptions, making them all the more relevant for American consumers," said Siegfriend A Schaffer, COO of SB360 - another group handling the closures.
"The home appliances, tools, and other products sold by Sears Hometown are everyday necessities for most households, and with today's economic environment, every bit helps."
If you have a gift card to Sears, you're in luck.
The stores will honor the balances until the end of the sale, but you better act quickly.
Dave Dittbrender, the owner of a Sears outlet in Superior, Wisconsin, told local media that he doesn’t expect the sale to last beyond January.
He said the company has suffered in recent years amid the Covid pandemic, declining sales, and rising costs.
Dittbrender told the Superior Telegram: “COVID-19 was tough. You had to stick money into it just to stay open so the debt load went up a little bit."
Mark Minuti, an attorney for Sears, described the bankruptcy filings as a “sad day” for the country in an interview with Bloomberg.
But, experts have said that the liquidation sales present an opportunity for shoppers looking for a bargain post the festive season.
Shoppers can see if a store is near them by using the Sears store locator tool.
Hundreds of stores have closed as there were 700 Sears outlets just three years ago.
Sears was bought out of bankruptcy in 2019 by the company Transformco.
The U.S. Sun revealed in October that Sears stores in New York and South Carolina had closed before the holiday season.
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Bosses shut down the department store in Walterboro, South Carolina in September.
It was the final Sears outlet in the state to close.