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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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LaLaLaurie06 LaLaLaurie06 8 years
uh-oh! I usually go to bed bath and beyond anyway, though. There is a Linens near me. If they have good sales I'm in!
runnergeek runnergeek 8 years
i sort of agree with Ellie..every time i hear about stuff like this, i think about the people losing their jobs and/or how more american companies are shutting their doors. not good..
Ellie3 Ellie3 8 years
Ha Ha there's over 10,000 people loosing there jobs, thanks for not caring about that, instead you think of the great deal your gonna get, there's a price to pay to get such great deals !!!! I hope that makes you smile when you go in to buy your great deals!!! Happy Shopping!!! If you go in and there is still associates from LNT i hope you wish them good luck on finding a new job because we all know how easy that is right now!! I am angry!! i have made alot of friends over the years more like family with this company and all people think about is when does the sale start instead of someone saying i wish you the best of luck ! That would be nice to hear on this posting and in the stores.But greed is the the key here and thats whats wrong with society ,everyone out for themselves, some things will never change!!!
snarkypants snarkypants 8 years
haha seryscarlett, don't feel bad, i've been doing the same thing!
seryscarlett seryscarlett 8 years
There's one still open 2miles from my house. Is it bad I've been waiting for them to liquidate before I go pick up new bedding? =)
pink1783 pink1783 8 years
My friend works at the one in Long Beach, CA and she said that her store is closing by the end of the year. There should be sales, but I guess a liquidation company comes in first and decides what they are going to do and sell and then the sales happen. The one in Cerritos, CA closed recently and there were some pretty good deals, but pretty picked over.
jelibeann jelibeann 8 years
hihowareya...yes...the one closest to me closed recently and I got a $100 breadmaker for $40...very exciting stuff...of course, there are no returns and you can't use the 20% off coupons
hihowareya hihowareya 8 years
Does this mean they'll be having really good sales? Maybe since there's only one here in VT they'll remain open, though Bed Bath and Beyond is basically right across the street, so they certainly do have competition here.
bchicgrl bchicgrl 8 years
I used to have 3 stores in my area and of course those 3 were shut down in the last round of closures. This news sucks as Linen's is one of my company's accounts for kitchen electrics.
hippiecowgirl hippiecowgirl 8 years
I don't have any really close, but I just noticed one for the first time last weekend at the mall I frequent about once a month. I was honestly shocked that it was still open because that area doesn't have a booming economy.
Linens 'N Things Going Out of Business?
Linens 'N Things Bankruptcy 2008-04-17 06:34:18

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