CLIFTON, N.J.–Bankrupt Linens ’n Things posted double-digit sales and comp declines for the second quarter.
Linens ’n Things’ sales fell to $468.1 million, reflecting a 21.1 percent drop over the year-ago period.
Sales exclude $35.9 million in liquidation sales from the previously reported closing of 120 stores in the second quarter.
The decrease in second quarter net retail sales resulted from a comparable-store sales decline of 18.3 percent for the period and the net reduction of 105 stores from the prior year.
Due to the retailer’s Chapter 11 filing, Linens needs more time to complete its consolidated financial statements, the company said. As a result, the retailer will not file its form 10-Q or hold a second-quarter earnings conference call.
During the second quarter, the retailer opened two stores and closed 120 stores.