ATTENTION AMERICANS: Sports Authority Closing Sale

[speedomatt]

Originally Posted by BriefBro

For a bankrupt sale, $27 from $34 seems kind of high still. About two months ago Macy's was having a sale and their Solars were down to about $20.

the prices are going to drop super slow, they are bringing in a company that specializes in maximize revenue during a bankrupcy

Why Prices at Going-Out-of-Business Sales Can Be Rip-Offs

[jakejakejake]

I got a really good deal in store on these at a local Sports Authority before the going out of business sale... $15. They only had one pair in store and they were my size. I really like them too. Maybe in store there will be better deals?

http://www.sportsauthority.com/Nike-Mens-Core-Solid-Swim-Briefs/product.jsp?productId=12264776&cp=3077569.52417956 .2673725&fbn=Brand|Nike&fbc=1&lmdn=Brand&f=Brand%2 F1039%2F&parentPage=family

[Torchwatch]

Comet an electrical goods store chain in the UK announced they were closing and had a closing down sale. The reduced prices came out at about the same as the prices for equivalent goods at other stores while most of the technology seemed somewhat dated. The stores liquidation seemed to have been managed in such a way that the directors and shareholders recovered their assets while the government had to pay the staff redundancy payments.
There now seems to be a fashion to liquidate even profitable companies so the owners make a killing, the government pays the tab and the workforce lose their jobs. Is this happening in the US too ?