- Sears
- for bankruptcy
- close 142 stores
- actually lead to price increases,
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Sears is closing hundreds of stores and keeping the rest open through the holiday season — but shoppers won't get the blowout deals they might be expecting (SHLD)
Sears filed for bankruptcy and announced plans to close 142 stores before the end of the year. While customers may expect blowout deals, Sears' precarious financial position means that it is unable to slash prices this holiday shopping season.
Sears' bankruptcy will likely not create the sales bonanza that many shoppers are seeking this holiday season.
Read more about Sears downfall:
- Trump slams Sears leadership after bankruptcy filing, saying the company was 'obviously improperly run for many years'
- Sears is shuttering 142 stores with liquidation sales starting immediately — here's the complete list of closing stores
- Sears, once the largest retailer in the world, has filed for bankruptcy and is closing 142 stores. Here's how it got there.
- Sears' top spokesman jumps ship as reports emerge of a potential bankruptcy filing
- 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy
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