linens and things bankruptcy

• White Plains Awaits

[...] Bradley promises to tackle them head on and make some tough choices, including possible layoffs, to rein in government spending and reduce operating costs in the city of his birth. Among those are Louis Cappelli's towering City Center and Renaissance Square projects, which include a mix of retail, residential and office space. White Plains has seen its retail base contract, as a number of stores closed shop on Mamaroneck Avenue and two large retailers--Fortunoff and Linens 'n Things--filed for bankruptcy.

• Westchester County Business Journal
• January 25, 2010

• Malls Bracing for a Frigid Holiday Shopping Season

Normally we wait until the end of the year to do the vacancy survey, but this year we're responding to the high level of concern by sending our people out now," he said. "The liquidation of Linens 'n Things and the bankruptcy filing of Circuit City will add to the vacant space, and we will probably see another rise in January if holiday sales are weak. The company filed for Chapter 11 protection after it was caught up in a dispute over a project on Long Island, N.Y., according to March counsel Daniel Stolz, a partner with the Millburn law firm Wasserman, Jurista, & Stolz P.C. One big worry is consumer spending, which accounts for about 70 percent of gross domestic product, or the total market value of all final goods and services produced in the nation. Brunelli's Old Bridge-base...

• NJBIZ
• September 01, 2009

• Area Retailer Pulls Through Holiday Season Intact

Susie Hyman saw it coming. Long before many U.S. retailers began to grapple with declining sales and well before Mervyns and Linens 'n Things declared bankruptcy, she took evasive action.

• Inland Valley Daily Bulletin
• January 10, 2009

• Downturn Boosting Resale Business in Colorado, Nationwide

Starbucks is closing 600 stores and Linens 'n Things has shuttered all its stores. Mervyns and Steve and Barry's are in bankruptcy.

• Colorado Springs Business Journal
• August 17, 2008

• Circuit City Pulls Plug On All Its: ; Closing Its 567 Stores; 30,000 to Lose Jobs at Electronics Giant

Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S. stores and cutting 30,000 jobs. The nation's second-biggest consumer electronics retailer is the latest casualty of an unprecedented pullback in consumer spending that has driven other brands such as KB Toys, Mervyns LLC and Linens 'N Things into bankruptcy. Experts believe there will be more to come.

• Charleston Gazette
• January 19, 2009

• Pulling the Plug?

Associated Press Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business -- closing its 567 U.S. stores and cutting 30,000 jobs. The nation's second-largest consumer electronics retailer is the latest casualty of an unprecedented pullback in consumer spending that has driven other brands such as KB Toys, Mervyns LLC and Linens 'N Things into bankruptcy.

• New Haven Register
• January 22, 2009

• Bed Bath & Beyond Profit Falls As Sales Growth Slows

Given the environment, results were pretty remarkable," said Jonathan Shapiro, chief financial officer at Chicago-based Kovitz Investment Group. "Even in very bad times, they are able to manage their way through it pretty effectively. Falling home prices and tighter lending standards have slowed real-estate sales, weakening demand for Bed Bath & Beyond's rugs, carpets and kitchen and bath accessories. Executives stuck by North American expansion plans, saying the sluggish economy and the bankruptcy of rival Linens 'n Things Inc. will help the company gain market share.

• NJBIZ
• August 28, 2009

• Bankruptcy for Linens? ; Credit Problems Piling Up for Clifton Retail Chain

Struggling Clifton-based housewares retailer Linens 'n Things is expected to file for bankruptcy within days, according to industry analysts and observers. Concerns about the company's cash flow and strained relationships with vendors caused Fitch Ratings, an international credit rating agency, to lower three of Linens' credit ratings Wednesday afternoon.

• The Record, Bergen County, NJ
• April 17, 2008

• Circuit City Will Go Out of Business

Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S. stores and cutting 30,000 jobs. The nation's second-biggest consumer electronics retailer is the latest casualty of an unprecedented pullback in consumer spending that has driven other brands such as KB Toys, Mervyns LLC and Linens 'N Things into bankruptcy. Experts believe there will be more to come.

• Telegraph - Herald (Dubuque)
• March 10, 2009

• Closings Loom for Big-Name Stores ; Retailers Verge On Bankruptcy As Recession Stretches Into '09

If the horrific holiday retail sales are any indication, it's likely that Circuit City, Linens-n-Things, the Sharper Image and other chains that have sought bankruptcy protection in 2008 will be joined by many others next year. The International Council of Shopping Centers (ICSC) projects that companies will close 73,000 stores during the first half of 2009. This will follow the closure of an estimated 148,000 stores during 2008. That was the highest number since 2001, when 151,000 stores shut their doors. Ann Taylor, Sears and Talbots, among many others, have been closing underperforming stores.

• The Washington Times
• December 30, 2008