Check out Linens ‘n Things giving some of its stores a reprieve.
As part of the Chapter 11 bankruptcy petition filed in May, home goods retailer Linens ‘n Things said it would close underperforming stores.
The chain — which sells home goods ranging from furniture and window treatments to kitchen gadgets and bedding – said on Monday it only plans to close 57 underperforming stores, instead of 87 as it had previously disclosed.
“The reduced number of store closings is the result of improvements in the outlook for these stores throughout the remainder of 2008 into 2009,” said Michael Gries, the company’s chief restructuring officer and interim chief executive.
Of the stores that are still slated for closure, many of them are in areas hit hard by the U.S. housing market decline. California will see 13 closures, with Florida seeing 10 and Arizona seeing 6.
For a full list of store closures, click here.
Also in the basket:
Kraft Foods 2nd-quarter profit beats estimates
Alberto-Culver profit tops Wall St view
(Photo: Reuters)

Trackback
One comment so far
08-08-08
- Posted by lil nikkitaLnt announced that it will be closing an addition 37+stores, if they cannot re-re negotiate leases.. all so cal will be gone! Shame.