Linens 'n Things closings

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Linens 'n Things, the bankrupt bed and bath retailer, is attempting to accelerate its store closings in the declining economy. The company asked a bankruptcy court for permission to begin winding down operations to avoid competition from other retail failures.

Update, October 14: having failed to find a suitor, Linens 'n Things' bankruptcy auction was canceled and liquidation sales will begin Thursday. A lack of available credit in the broader financial markets was cited as a factor in the lack of buyers for the overall business.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on October 10, 2008 12:37 PM.

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