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linens and things going out of business
624 documents for linens and things going out of business
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The giant yellow and black signs outside the store windows scream, "Going out of business!" and "Everything must go!" Workers stand on corners twirling "Sale!" signs with giant arrows pointing toward stores. Shoppers fill parking lots looking for much-hyped bargains. But inside, the prices tell a much different story. Time and again, liquidation sales prove to be no big deal. Western New York saw it with Circuit City, then Linens N' Things and most recently Rosa's Home Stores. Third-party liquidation companies -- which have perfected the art of shaping consumer perception -- take over at bankrupt retail locations, crank price tags up to the manufacturer's suggested retail price, "discount" them by a small percentage, then hype up ho-hum prices and turn a great profit.
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Three years ago, cash-rich private-equity firms were on a retail spending spree, buying companies such as Clifton-based housewares purveyor Linens 'n Things as if they were going out of style. Now, the only place some of those sought-after chains are going is going out of business. Private-equity firms purchased retailers and saddled them with debt just before the consumers began closing their wallets. That caused cash-flow problems at a time when the credit freeze made it impossible for retailers to refinance their debt.
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Burlington's demographics, which skew younger than the rest of Vermont's, lured the Montpelier owners of The Getup to open a second store just off Church Street. The vintage clothing store is setting ur> above the former Grannis Gallery space. "We're expanding to Burlington because thafs where our market is," says co-owner Jeff Thomson. "There's just such a larger percentage of people in the 20-to-30 age range there than in Montpelier." Thomson and partner Hannah Bean intend to keep The Getup going in the capital city but expect to do more business in the Queen City with their "affordable" '80s-and-earlier merchandise. Even Church Street veterans see the downturn as a chance to improve location, negotiate deals, expand storefronts, etc. Rachel Strules, who owns Tribeca and Sweet Lady...
... outlets such as Circuit City and Linens 'n' Things, "Landlords may prefer a strong local t...
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Linens 'n Things, the Clifton-based housewares retailer, has run out of options and is expected to get the approval in Bankruptcy Court today to immediately begin going-out-of-business sales. Linens on Tuesday canceled a planned auction of the company, saying it had received no qualified bids other than a $475 million offer from a consortium of liquidation companies. A hearing in U.S. Bankruptcy Court in Wilmington, Del., to approve that bid is scheduled for this afternoon.
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..., and to encourage arbitration between businesses possessing equal bargaining powers. We learned how...One of the things that Governor Barnes will always be remembered for... He did that for six months before going back into private practice at his hometown in Mari... Their bed linens have become covered with brown rings, a testament ...
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Jim Cokley and his wife traveled south from Crawford County to meet friends Friday when they pulled into the McCandless Target store. We're browsing, looking for bargains," Cokley said. "They had some good deals and pretty good merchandise inventory. This is the first store we've gone to, from here, we're going to the (Ross Park) Mall.
..., including KB Toys, Steve & Barry's and Linens 'n Things holding going-out-of-business sales duri...
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We're very concerned that another mandated increase in the minimum wage will put another burden on local businesses," [Simon Brackley] says. "If a business is already hanging on by a thread, this could be the difference between staying open and closing their doors. A wage freeze "would go contrary to everything we agreed upon," former Living Wage Network Organizer Carol Oppenheimer says. "If that's what the Chamber of Commerce tries to do, there's going to be a tremendous uproar." It's doubtful Santa Fe's living wage is wholly to blame. Brackley cites the closure of the local Linens 'n Things branch as evidence of the perniciousness of $9.50 an hour. But that recently bankrupt retailer announced last month that it would liquidate all of its linens and things, nationwide, by year's end.
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Ah, Halloween. Who doesn't like carving pumpkins, wearing witch costumes or ringing neighbors' doorbells in search of gooey, sweet candy? I'm too old (i.e. not younger than 12) to beg for candy. But no worries. I'll just wait until Saturday and buy Halloween candy at a deep discount.
...Going to Costco soon? Starbucks, the Seattle-based coffe... at the so-called liquidation sale at Linens 'n Things. And Starbucks isn't going out of busine...
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There's still life in Linens 'n Things, the Clifton-based company insisted Tuesday, despite filing a request in U.S. Bankruptcy Court for permission to begin going-out-of-business sales at all of its 371 remaining stores. A spokeswoman for the housewares retailer said Tuesday afternoon that the company plans to reveal the "stalking horse," or lead bidder, for Linens today. "The company's had several bidders be interested in the past few weeks, but the stalking horse is the one that actually stepped forward and made their offer," the spokeswoman said. "This is still a fluid process," she said, adding that the fate of the 33-year-old company is far from certain.
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NEW YORK - Shoppers are getting used to those 75 percent off sale signs, and that's bad news for merchants who worry they will also have to quickly slash prices on spring goods to attract customers. Anxieties about how rampant discounts have affected shoppers' psyches and stores' profits are running high ahead of expected dismal December sales figures on Thursday. The holiday season is anticipated to be the worst in decades.
... and sweaters are wondering how they are going to get nervous shoppers to splurge on new products... Golden Gate University's Ageno School of Business. She said that a sale has to be at least 70 percen... Going-out-of-business sales at KB Toys and Linens 'N Things put pressure on other retailers even bef...
