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Nearly two weeks ago, Sears announced the closure of 142 additional stores, including one shop at Ridgedale Center and one near downtown St. Paul. But it is only Friday that the sale of liquidation began.
The yellow, black and red "Sale Close" posters will look familiar to the bargain hunters who have gone to Herberger's closing balances. Although the liquidation company has not yet been confirmed, the sale starts with the same discount range – 10 to 30%.
Only a few customers were informed of the prices after the Ridgedale store opened Friday morning. Sears officials kept the details of the liquidation pretty quiet until the beginning of the week when employees were informed that the sale would begin on Friday. Sarah and Ben Robertson of Plymouth were exercising with their toddlers, but they had not yet decided to consult Sears. "A 10 to 30% discount does not interest us," said Sarah. "It should be a good deal – maybe 70% off, we'll do more shopping at Sears."
Consumers have become accustomed to minimal discounts at the very beginning of a liquidation. On Wednesday, 40% off was common in all clothing departments, but they had all been removed, with the exception of the Lands & End department. A few items in liquidation included significant discounts, including a Serta king-size adjustable base mattress, typically $ 8,000 to $ 850 US.
On Wednesday, a Sears employee who worked at Eden Prairie Sears until closing said that liquidation prices went up before going down. For example, prices of appliances on floor models do not generally receive substantial discounts a few weeks before closing.
According to a notice of redevelopment and retraining of workers dated October 15, employees are likely to work until December 31 within two weeks. Most Bon-Ton stores, including Herberger, extended their eight-week liquidation sale after the first buyers looking for bargains, but it is too early to know if the sale of Sears will be extended.
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