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, 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.
