Linens 'n Things filed for Chapter 11 bankruptcy protection back in May 2008, and after enduring an unkind Summer it looks like the chain must finally face its fate. It's predicted that the company will liquidate just in time for the holidays. Bad times for Linens 'n Things, but if you've been needing a new coffee grinder or only have two wine glasses in tact from your original set of eight, consider holding off on your purchases for a couple more months.
According to The New York Post, the end of Linens 'n Things is near and there's a good chance that we'll see going-out-of-business clearances in November and December. The company's creditors are getting antsy to see a chainwide liquidation as they watch sales continuously slide and losses steepen. Linens 'n Things may start taking liquidation bids in a matter of weeks, so stay tuned to see if your local chain is headed out-of-business.