Sears sell-off creates “war of nerves” to see if prices go lower

Two writers from Canadian Press were at Sears stores today to see if the liquidation deals amounted to much and they came away unimpressed. underwhelming. “While signs suggested discounts of 20 to 50 per cent off — with a note that exceptions apply — relatively few items at a Toronto store appeared to be offered at half off,” the two women write. “Some big ticket items such as snowblowers and treadmills were only 10 per cent off.” It is a known tactic in such closures to begin liquidation with prices as high as possible and then lower them. It’s a contest in which buyers engage in a war of nerves to get goods at a price they accept before others take everything.