Entries tagged "Linens N Things"
Worried holders of gift cards bearing the brand of bankrupt retailers such as Linens Holdings Co. (Linens 'n Things), Circuit City Stores Inc. and Tweeter Opco LLC (Tweeter): fear not. A company called Giftcardrescue.com has got you covered. ...
With retailers going down left and right, the problem of gift cards, and what happens to the holders of them, has come front and center....
A Delaware judge on Wednesday gave the parent of Linens 'n Things Inc. final approval to tap its $700 million debtor-in-possession loan and cash collateral....
Just weeks into Linens 'n Things Inc.'s Chapter 11 filing, it's already clear that the case will be the headline bankruptcy of the year, at least as far as the mainstream press is concerned....
Reading about Linens 'n Things Inc.'s imminent bankruptcy filing has become more tedious than spending a Sunday afternoon shopping there. But beating the proverbial dead horse reached a new level Tuesday, when The Wall Street Journal reported that the Clifton, N.J., home furnishing retailer took the "unusual and costly move" of paying between 60 and 100 of its 1,000 vendors before they deliver merchandise. To be sure, this is a critical issue. Linens' ability to pay its vendors, and the vendors' confidence in the company, will ultimately decide whether Linens can sidestep a bankruptcy. (Eleven suppliers have already formed...
A lot of interest was stirred by a murkily sourced story in the New York Post suggesting Linens 'n Things Inc. was heading for a prepack bankruptcy filing. ...
