The business forecast for Linens 'n Things looks like it could go from light showers to full-on torrential rain in the near future. After filing for Chapter 11 bankruptcy protection in May, the store's numbers have continually headed downhill to the point that some are speculating the chain will be forced to liquidate.
Linens 'n Things cut their advertising costs to the point of being almost non-existent and stocked merchandise has been inconsistent. Vendors are concerned the $100 million letter of credit the company has been using to keep items on its shelves won't be enough for the back-to-school rush. If sales numbers continue to disappoint and can't keep the company afloat, we may be seeing going out of business signs before too long.