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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Linens 'n Things

Linens 'n Things stories: 3 news summaries

 Bankrupt, Linens 'n Things
 Will Fold 120 Stores 

Retailer files for Chapter 11 as consumer spending falls

(Newser) - 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... More »

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

Retailers Checking Out as Economy Falters

Each default brings widespread fallout

(Newser) - 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... More »

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retail bankruptcy recession consumer spending retail stores Sharper Image economy Linens 'n Things Footlocker Ann Taylor

Linens 'n
Things to
Go Bust

Home-furnishings giant may be first retail victim of market crisis

(Newser) - 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... More »

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retail bankruptcy retail sales retail stores Chapter 11 Linens 'n Things home furnishings

3 Stories