- GE Appliances, Electrolux, Whirlpool, Serta Simmons Bedding, and more than two dozen other suppliers are demanding that Sears return millions of dollars in goods that were shipped to the company in the 45 days leading up to its October 15 bankruptcy filing.
- The suppliers are prohibiting Sears from selling the items, which could severely impact the retailers’ holiday sales.
- Sears filed for Chapter 11 bankruptcy protection last month.
Major Sears suppliers including GE Appliances, Electrolux, Whirlpool, and Serta Simmons Bedding are demanding that the retailer immediately return their inventory of refrigerators, washers, dryers, mattresses, and other goods.
The companies are demanding the return of inventory shipped to Sears and Kmart stores in the 45 days before Sears Holdings filed for bankruptcy, saying…