CLIFTON, N.J.–Bankrupt Linens ’n Things is angling to shutter another 87 stores, according to court filings. The retailer is already in the process of closing 120 stores.
“The debtors believe that approximately 87 more stores … should be closed in order to maximize the debtors’ profitability and ensure a successful reorganization,” according to a July 9 court filing. The debtors are still finalizing the list of 87 stores, the filing said.
The company plans to enlist one of the national liquidation firms to oversee its second round of store closings, the court filing said.
A Linens spokeswoman would only say, “The company continues to evaluate its store operations.”
A sale procedures hearing date is scheduled for July 11.