Sears’ bankruptcy has burned thousands of vendors worldwide - New Yo...

Sears’ bankruptcy has burned thousands of vendors worldwide  New York Post

If you think shopping at Sears can be sad these days, it’s nothing compared to doing business with the struggling chain. Michelle Chan — whose Hong Kong-based company Mien Co. Ltd. manufactures handbags, wallets and belts for brands like Joe Boxer and Jaclyn Smith — says she lost her life savings when Sears filed for bankruptcy last October. The long-dreaded Chapter 11, which came after seasons of increasingly spotty shelves at Sears and Kmart stores, left Chan’s company on the hook for a whopping $4.2 million, as Sears rejected bills for several months’ worth of inventory she’d already shi...