furniture and home: October 2008 Archives

84 Lumber

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Responding to the housing downturn, 84 Lumber is closing 20 more stores this week, bringing its 2008 store reductions to 80 in all. The company is also pursuing light construction assignments as an additional revenue generator.

84 Lumber canceled its golf event sponsorship back in 2006.

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.

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

About this Archive

This page is a archive of entries in the furniture and home category from October 2008.

furniture and home: August 2008 is the previous archive.

furniture and home: November 2008 is the next archive.

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