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July 25, 2008 6:10:40 PM CDT

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Stories related to: Linens 'n Things

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3 Stories

  • May 2008

    • Bankrupt, Linens 'n Things Will Fold 120 Stores

      newser  |  MarketWatch  |  May 2, 08 5:45 PM CDT

      Bankrupt, Linens 'n Things Will Fold 120 Stores

      Linens 'n Things filed for bankruptcy protection today, MarketWatch reports, and plans to close 120 stores nationwide as other operations continue. "The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years," the company's new chairman said. More »

      Tags

      retail  • consumer spending  • bankruptcy  • economics  • layoffs  • Chapter 11  • Linens 'n Things

  • April 2008

    • Retailers Checking Out as Economy Falters

      newser  |  New York Times  |  Apr 15, 08 8:00 AM CDT

      Retailers Checking Out as Economy Falters

      Stores across the country are closing their doors, the New York Times reports, victims of a downturn in consumer spending. Retailers are often heavily leveraged, and as the economy falters banks are tightening credit. Several chains, including Sharper Image, have declared bankruptcy; others like Footlocker, Ann Taylor, and Zales are closing stores to stay afloat. “You have the makings of a wave of significant bankruptcies,” said a former Kmart executive. More »

      Tags

      recession  • economy  • retail  • consumer spending  • bankruptcy  • retail stores  • Sharper Image  • Linens 'n Things

    • Linens 'n Things to Go Bust

      newser  |  Wall Street Journal  |  Apr 11, 08 6:50 AM CDT

      Linens 'n Things to Go Bust

      Linens ‘n Things ls expected to file for Chapter 11 by Tuesday, the deadline for a $15-million quarterly debt payment, the Wall Street Journal reports. The move would make the home-furnishings giant the first major retailer sunk by the housing crisis, after bloated debt and plummeting demand handed the New Jersey company $242 million in losses last year. More »

      Tags

      retail sales  • retail  • bankruptcy  • retail stores  • Chapter 11  • Linens 'n Things

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