TheStreet.com interviewed Retail Group Leader Ron Friedman for a special report on the likelihood of a bankruptcy filing by Sears.
By Michelle Lodge
Ron Friedman, partner of the accounting and advisory firm Marcum LLP, told TheStreet that many vendors stopped selling to Sears in the last two to three years. “When you sell to Sears, it’s at least a $300,000 order. I don’t have any clients who can take a hit like that,” said Friedman, a certified public accountant, who’s served consumer-product companies for 45 years and worked with at least 100 clients that have sold to Sears in “good times and bad.”