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Sears has been singing its swan song for the better part of a few years now. Every time you think it’s about to go under, they pull a rabbit out of the hat and stay afloat. Even after they filed bankruptcy,

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 4pm EST tomorrow (Friday, December 28), the company will be liquidated over the next few weeks.

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 to: Jan. 4 and Jan. 14, 2019.

(“Sears” by Mike Mozart on Flickr is licensed under CC BY 2.0.)

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