Sears has been singing its
Now comes word that they may not make it for another 24 hours. (Where have we heard that before?) However, this time, there may be some credence to the warning.
Current Chairman, Eddie Lampert, seems to be the only one interested in buying the company out of bankruptcy. Except, he still hasn’t submitted a bid. And he has less than 24 hours to do so, according to CNBC.
If he doesn’t do this by
If Sears goes under, my long-standing belief that liquidation sales are a sham still stands.
We’ll just have to wait and see if this iconic retailer goes under tomorrow.
Update (December 28, 2018): Bid received. The drama continues. Next date to pay attention