The possibility of Linens 'n Things filing for Chapter 11 bankruptcy has been on our radar for two weeks. While they attempted to avoid this decision by postponing debt payments and searching for a buyer, they were unable to come up with another solution and today the company filed for Chapter 11 protection.
With its 500 US stores the company is second to Bed Bath & Beyond in terms of housewares chains, and according to the New York Times Linen's 'n Things plans to close 120 stores. The fate of your gift cards is up in the air, as federal law says Linens 'n Things isn't obligated to honor the cards since filing for Chapter 11 bankruptcy.
Cyberjammies
Jucca
Lanvin
I wonder if there'll be any good sales??
1Sad
2Is it bad that I am waiting for the sales.
3Sale!
4its scary...the economy is just sh*t
5Sale!
6i wonder what will happen to my friend's wedding registry there?
7how do we know which stores will be closed? Do you think the website would say? I have to say, I've been wanting the george foreman with removable plates forever.
8I hope they don't close the one near me, but i do hope they have great sales
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