By Christiane Cordero

MINNEAPOLIS (WCCO) — Minnesota is losing three more Sears stores by September amid the retailer’s latest cuts. As those stores close down, liquidation signs are going up and, WCCO found, some of the prices are, too.

WCCO compared prices on several items at the Brooklyn Center store just before liquidation started, and again on the first day.

A Craftsman riding mower was listed as 10 percent off for liquidation, priced at $1,889. But buyers could’ve saved $300 more dollars by purchasing it the week before, when the sale price had it listed for $1,499.

It was a similar story for a Craftsman push mower.

Sears’ current liquidation price: $450. Before liquidation, the same mower was on sale for $399.

A Sears spokesperson told WCCO it does not set the liquidation prices — that’s the liquidation company’s job.

Those prices will eventually continue to drop.

A four-burner Kenmore outdoor grill might seem like a can’t-miss deal right now, advertised as 30 percent off of its $400 price tag. But it had almost the same discount before liquidation, when Sears sold that model for $300, only $20 dollars more than that store-closing sale.

Consumers who wait until the few weeks before the store closes for good will snag an even better deal. The risk is that the selection will likely lessen significantly by then.

Christiane Cordero

Comments (21)
  1. Matt Gassler says:

    the sears store wanted me to pay $50 bucks for shipping on a $10 part !

  2. Jim Thomas says:

    This is why Sears is collapsing.

    1. Tony Konte says:

      The majority of companies do this. The companies higher a liquidation company and they mark everything up to full retail before they start their initial usual 20% markdowns.

  3. Sears – A huge missed opportunity. Sears had the first Amazon. It was the Sears catalog which has been around 1943. Sears has been mismanaged for so many decades by the CEO’s that did not do their jobs but just collected a paycheck. They should all be held accountable and parachute retirement plans trashed. As soon as the Internet was created Sears had the financial might to invest in technology. Servers, Storage, development, backbones to support commerce and digital scanner inventory ordering. sears already had distribution centers location all around the United States. Sears had “The Sears Financial Network, Caldwell Banker, and an albatross of huge utility and maintenance sucking dinosaur department stores. In their time Department store was the answer. But because of competition, the price of Gasoline to window shop, the time to windows shop or department shop the obvious answer was “On line Shopping” Sears could have established itself early on and no other competitor would have stood a chance unless Montgomery Ward did the same thing at the same time. both were mismanage the same way with the same result. Death to an American ICON store and it is terribly sad. (No one held accountable)

  4. Tony Konte says:

    This is not new this goes on all the time and I have known it for years. Everything that used to be marked down or on sale of has a manufactures suggested retail all reverts back to the highest price then the markdowns are done in steps usually, like 20% then 40%, 60 or 70%.The good stuff all leaves at 20% which in a lot of cases is just full retail or actually figures to 5% off retail after that everything by the time you get to the 50-70% nothing of real value is usually left. When I see these signs I usually ignore.

  5. Also they frequently use store closings to sell merchandise from other stores. Its why their shelves are always full too. So they cut 10 – 40 %, but make it up in volume because they know people are suckers for going out of business sales.

  6. I agree with Tony. This is nothing new. ALWAYS be cautious when buying from liquidation sales. They often aren’t that great of a deal for the first few weeks.

  7. Russ Crosby says:

    That is exactly what they did when they closed the Canadian stores. These are fraudulent ‘sale’ prices and a rip-off. I suppose they can set whatever prices they want on the stuff they sell but folks should know their ‘sale’ prices are higher than their regular prices.

  8. Rich Owens says:

    Not a new practice. My wife will go shopping at discount stores and come home with a dress or pair of shoes which she purchased for $20. “Look, babe, original cost was $150 and I got for $20!!!”. Ok, I believe a lot of these items are marked with inflated “original” prices and then a new closeout price is put over it. Not always as big of a savings as you might believe. Not saying some of them are not great bargains but savings may not be as much as advertised.

  9. jay10940 says:

    Raising prices for liquidation sales is a common practice. I would be surprised if they didn’t at least DOUBLE their prices. Stores also load up on low quality seconds, buying special lots of defective, outdated and distressed goods to sell at the liquidation event and none of the sales of these cheap goods are returnable…ALL SALES FINAL.

  10. Sears’ appliances and tools are still the best.

  11. jayfindling says:

    Thank you so much for such an amazing blog.