Tag:

Liquidation

Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops Now Plans To Close All Its Stores
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops plans on closing all of its remaining stores after earlier this year announcing the closure of nearly a dozen of its locations, according to a new report. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. In May, the company announced it was closing 10 of its approximately 80 stores after filing for bankruptcy.  Now, the company has reached an agreement with its stakeholders to liquidate the remaining approximately 70 stores unless a buyer emerges, according to The Wall Street Journ…
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor, the first department store to be established in the United States, is going out of business, closing all its stores after a 194-year run. Reversing a decision announced last week to keep 14 stores open, the company announced on Thursday, Aug. 27 that all of its 38 remaining stores and website have begun liquidation sales.  Parent company Le Tote had filed for bankruptcy Sunday, Aug. 2. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inv…