This Just In: Linens 'n Things to Liquidate Remaining Stores

This Just In: Linens 'n Things to Liquidate Remaining Stores


Linens 'n Things, which went bankrupt in May but failed to find a buyer, will begin to liquidate its remaining stores as early as Thursday, according to Reuters. The retailer, "one of the largest purchasers of home furnishings in the United States," grappled with the "housing slowdown and a decline in consumer discretionary spending" and then went under due to the credit crisis which "prevented possible buyers from getting the credit to fund a purchase." Since filing bankruptcy it has already closed 100 stores, and expects to close the rest by the new year. Is there a Linens 'n Things in your neighborhood?
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