RETAILING: Sale of the Century

As it rumbles toward court-ordered liquidation next month, W.T. Grant Co. has taken on a bustle that belies its status as the second biggest bankruptcy (after the wreck of the Penn Central Transportation Co.) in U.S. history. The once giant retailer, now reduced to 155 stores, mainly in the Northeast (down from almost 1,100 nationwide five months ago), is conducting the sale of the century—and the going-out-of-business sale of all time. Goods are moving briskly at discounts of up to 60%, as bargain-hunting customers snap up everything from towels to television sets....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!