OSAKA -- Failed supermarket chain operator Mycal Corp. said Monday it will sell some 10 billion yen worth of stock at discounts of up to 80 percent at its Saty retail outlets and Vivre apparel stores.
The nationwide clearance sale at 104 stores will run Wednesday to Monday, unless all products are sold, the company said.
Clothes will be discounted 80 percent, and home electrical appliances will be sold at half price. Prices of other household appliances and sundries will be cut by 80 percent.
On Dec. 31, the company received approval from the Tokyo District Court to launch rehabilitation proceedings under the Corporate Rehabilitation Law.