Bakers Footwear Group received approval Wednesday to file for Chapter 7 bankruptcy. What does this all mean? Well, it means that a lot of Bakers stores will be having liquidation sales! So, if you’re in need of new footwear or if you just want to indulge your unhealthy obsession with shoes this would be a prime opportunity to jump in with um, both feet.
According to Chapter 7 bankruptcy, the Bakers Footwear Group will be liquidating all of their remaining assets to pay off creditors instead of trying to reorganize their debt.
So, while creditors and the remaining employees get paid, you can also cash in on some very delicious deals. Start scouting and get shopping!
– Jamie Wilson
Source: WWD; Image: Chicago Tribune