Fresno Linens ‘n Things is safe
Linens ‘n Things, the national retailer selling everything from fine china to curtains and yes, linens, filed for Chapter 11 bankruptcy last week. The company announced plans to close 120 underperforming stores, including 27 in California. See the list here.
Today, representatives from the company and River Park confirmed that the Fresno store in The Marketplace at River Park will remain open.
That’s good for River Park, which saw CompUSA leave recently when the company closed stores across the nation. It’s interesting, however, that the store in Modesto will close, but not ours.
Comments:
It's good to know there are some LNT that will remain open in California. 25% of LNT stores are in California, so it will be huge hit for us. There are roughly 3 LNT within a 10 mile radius. I wonder which ones are going down. In addition, reports say that they will still honor gift cards, in light of other retailers filing for bankruptcy. However, according to The Tower Group there is $42m in gift cards, affecting 400,000 people. I blogged about this issue on our company blog a few days ago on savvywallet.com
Posted by: Austin Chu at May 7, 2008 9:52 AM
[...]After reading this post I had to rush over to shopbop.com and pick up this bag in royal blue. I’m getting married in September in Maui and this bag seems like the perfect everyday bag.
Reply to this [...]
Posted by: acer at July 4, 2008 2:19 AM
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