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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