Bankruptcy clearance sale started at Askos and Sotkas
Bankruptcy clearance sales have begun at Askos and Sotkas stores in Finland, with varying openings across locations.
Bankruptcy clearance sales have commenced at Askos and Sotkas stores which recently went bankrupt. Today marks the start of this process, but coverage from Yle's reporters indicates that many of the stores remained closed during the morning hours. While some locations in Rovaniemi and Kokkola opened their doors, many others, including a store in Lahti, have yet to announce their operating status. Reportedly, store managers are awaiting guidance from the bankruptcy estate regarding the clearance process.
As the clearance sales begin, there have been reports of security personnel at some store locations, possibly indicating a heightened sense of caution during this sensitive period. In Kokkola, a store manager reportedly prohibited a journalist from taking photos, illustrating the complexities and tensions that may arise during the unfolding sale process. Customers who have previously ordered items from Indoor Group, which owned Askos and Sotkas, are now anxiously waiting for resolutions, as many have either partially or fully paid for products they have not yet received.
The situation presents significant ramifications for both the employees of the stores and the customers waiting on outstanding orders. With thousands of customers impacted by the bankruptcy, the ongoing sales could serve as a means to recoup some losses, while the fate of employees and vendors hangs in the balance. Clear communication from the bankruptcy estate is essential in addressing the concerns of all parties involved and reducing uncertainties during this challenging time for the chain.